Pro Tips

Midday Missive

AGU & POT have had big rips above their 200 DMA’s They’ve both just hit mvg avg resistance. I would not be looking for more follow through at this time.

A.M. Look 3/9/17

ECB press conference is @ 7:30 CDT. Oil and Gold have hit my downside targets. Bunds…160.00 will be the level that needs to hold in June. Pay attention for his statement has the potential to elect a small short covering … Continue reading

Daily Market Intelligence 3/9/17

Daily Market Intelligence 3-9-17

A.M. Look 3/8/17

30 Yr. Bonds….147.31 was last qtr’s downside target in the “Z” December 16 contract. The March 17 contract came within a couple of ticks of the level late December. Last night the “M” June 2017 contract, which is now lead … Continue reading

Pattern Alert…Equity Indices

Spu’s…just put in their first reversal in 375 points. It would now take all new closing strength above 2393 for a new leg up. This has to breathe.   Nasd 100…the longer term P&F shows better support closer to 5319. … Continue reading

Daily Market Intelligence 3/8/17

Daily Market Intelligence 3-8-17

Midday Missive

The Agri names have a bit of a bid. POT & AGU have sold off the most and are now trading at their respective 200 DMA’s   SMH …is going sideways. This could take up leadership. Gold..looks sick. Pending a … Continue reading

A.M. Look 3/7/17

Staring at the screen isn’t going to make it any better. Day Traders should wait until the NYSE opens before considering anything.

Daily Market Intelligence 3/7/17

Daily Market Intelligence 3-7-17

Midday Missive

Spu’s have a potential 3 day island top. A 2374.50 print negates that pattern. We filled the close gap from last week on the downside @ 2368.50. You have to be a real believer either way to trade it right … Continue reading