Pro Tips

A.M. Look 11/29/16

TIF…Tiffany is the big pre-market winner today. People are obviously spending money. Oil..is lower on Russia’s refusal to attend OPEC. Mvg avg support comes in @ 45.60 today. Below there is room for a move to 44.54 its 200 DMA. … Continue reading

Daily Market Intelligence 11/29/16

Daily Market Intelligence 11-29-16

The Late Show

OXY,PSX,XLE are putting in ORL days. XOM has abutted its 200 DMA resistance and failed to follow through. Those with energy portfolios should review their holdings.

Midday Missive

GOOGL…has been bought all A.M. against AMZN. 800-801 is mvg avg and Fib resistance. ​UNH… is in profit taking mode breaking below its momentum level it’s remained above since the election, keeping healthcare on the defensive​. There has been a … Continue reading

A.M. Look 11/28/16

The correction in the currencies abated going into London’s opening with the strength of the Bund vs the U.S. 10 yr. continuing to bring out sellers in the Euro. Yen had the biggest straight dollar correction, with the crosses against … Continue reading

Daily Market Intelligence 11/28/16

Daily Market Intelligence 11-28-16

Equity Indices

Spu…today’s all session ORL is 2191.75. Russell has a stranded close with an extremely overbought condition. Nasd and Dow do not have the same patterns. A Nasd low into 4817 is a low risk buy again with a closing stop … Continue reading

Euro…

101.50 is my next matrix level. I would not look for the current Dollar strength, Gold weakness or Bond weakness to abate. You can cover directional trades later in the day, however you should not fade this flow.

A.M. Look 11/23/16

DE..John Deere is up 10% to new all time highs after earnings. LLY…has imploded below its 200WMA @ 67.42, which is pressuring IBB. IBB…put in an ORL yesterday holding its 50 DMA @ 279. 273.45 it’s 200DMA needs to hold … Continue reading

Daily Market Inteligence 11/23/16

Daily Market Intelligence 11-23-16