Pro Tips

A.M. Look 5/8/17

Posted on 05/08/2017

Gold..today’s ORH # is 1236. Euro…needs sustained and closing price action below 109.48 ( today’s ORL#) for lower. Euro Currency Futures..EU6M7 currently trade @ 20-22 ticks over Cash. I write cash levels. Both the Euro & Swiss have retested the … Continue reading →

Midday Missive

Posted on 05/05/2017

Long Europe/Short U.S. Equity Indices is the current theme. A Hindenburg omen was generated yesterday. https://stockcharts.com/articles/dancing/2016/11/hindenburg-omen.html Without a confirming McClellan Oscillator confirmation, this typically portends a sideways to lower trade for the next 30 days. Chop City for Index traders. … Continue reading →

A.M. Look 5/5/17

Posted on 05/05/2017

Crude RSI is @ 17%. Watch this for signs of bottoming after last night’s low volume spike low. Think you just have to be patient and wait for NYSE to come in today.

Daily market Intelligence 5/5/17

Posted on 05/04/2017

Daily Market Intelligence 5-5-17

Midday Missive

Posted on 05/03/2017

Gold and Silver are oversold. So is GOLD/EURO.   The above have been breaking with a risk off board today. Keep it tight if you’re trading the metals.   EUR/AUD…147.17 is cloud and 200WMA resistance. TSLA… look for a bounce … Continue reading →

A.M. look 5/3/17

Posted on 05/03/2017

The Indices and Bonds are range bound. Europe is in park, likely through the weekends French Election Let the day set up to see which one will lead.

Daily Market Intelligence 5/3/17

Posted on 05/02/2017

Daily Market Intelligence 5-3-17

A.M. Look 5/2/17

Posted on 05/02/2017

Still waiting for the DJI & Spu’s to garner some interest. Overnight the Nikkei followed through higher. Europe is in park with the Spu’s. Soybeans have another nice bid overnight as residents of the Midwest are still wearing hip waders. … Continue reading →

Daily Market Intelligence 5/2/17

Posted on 05/01/2017

Daily Market Intelligence 5-2-17

The Late Show

Posted on 05/01/2017

Spu’s are starting to pick up. I’m looking for an upside breakout on the medium & longer-term Point & Figure today It’s going to continue t be a one way street. “To the Moon Alice”..Ralph Cramden AKA Jackie Gleason.