Pro Tips

UVXY

S&P 500 has been bought against the Russell The rest of the day will be a time frame capital flow trade. The downside in the Spu’s is waning. Those that bought the UVXY 14 calls for downside protection or as … Continue reading

Midday Missive

Bonds are running the show. The stock rotation is at best difficult. DD, DOW & FLR  have good patterns. MO..Altria is putting in a positive pattern. There is a lot riding on this afternoons earnings in AMZN & GOOGL Are … Continue reading

A.M. Look 10/27/16

Bonds are running the spreads… Gilts…the world was positioned for a rate cut in Britain. OOOps! better than expected data has traders hitting the sell button at the same time. ​Bunds…negative weekly pattern into initial cloud support ​ ​30 Yr. … Continue reading

Daily Market Intelligence 10/27/16

Daily Market Intelligence 10-27-16

Goldman Sachs

GS..Qtrly…is the poster child for a firm benefiting from higher rates. ​GS…Daily​

Midday Missive

It’s the thinnest part of the day. Spu’s have filled their gap and don’t need to do much of anything. Price action below 2134.75 late day will bring out sellers. Healthcare continues to be a drag on Nasdaq Gold…needs to … Continue reading

A.M. Look 10/25/16

AUD/USD…76.59 is resistance matching the 200DMA in AUD/JPY @ 80.17. This is a rejection level the first time up. USD/MXN..the Mexican Peso has been viewed and used by many as a Risk On indicator. Caution is advised into 183855 its … Continue reading

Daily Market Intelligence 10/25/16

Daily Market Intelligence 10-25-16

Midday Missive

USD/CAD…Weekly USD/JPY… ​Spu’s…Couldn’t quite reach its 50 DMA@ 2152.​ Weaker energy prices will make this a time frame trade the rest of the day. Buy Breaks/ Not rallies FEDEX ​30 Yr. Bonds…​the macro levels have not changed. The Equity/Bond spreads … Continue reading

A.M. Look 10/24/16

It will be an earnings driven board with the late Thursday earnings having the most impact. I remain friendly to the market with Equity/Bond spreads positive. The spreads should be firm into Month end. ​Let the day unfold​.