Pro Tips

Daily Market Intelligence 7/26/16

Daily Market Intelligence 7-26-16

Spu’s…

So far we have a classic opening range trade working. Long only investors need to pay attention to this pattern late day. Expect weakness to prevail into London’s close as the Long side of SPU/DAX is seeing profit taking.

A.M. Look 7/26/16

Gold…is still holding matrix support @ 1307 (Q). Below it will get weak fast. Those buying Gold against the trend line or for a longer term play should keep a tight leash on this. It would take a close over … Continue reading

A.M. Look 7/25/16

DAX… held its 200 DMA and is headed for a retest of 10,314 the Pre-Brexit close. ​Oil…the weekly chart in Oil is rolling over.Sustained price action and a close over 44.70 is needed for the pattern to turn up. 42.75 … Continue reading

Daily Market Intelligence

Daily Market Intelligence 7-25-16

Midday Missive

You’re seeing an early bid to defensive names; Utilities (XLU), AWK, & MCD in a chase for yield. AXP & AIG are being bought off relative strength indicator, meaning these Financials have neutral RSI’s while many momentum names have already … Continue reading

A.M. Look 7/22/16

The overnight feature from the London session was the failure of the Pound to hold a rally. In fact its putting in another bearish reversal keeping the FTSE strong. The Equity Bears took a run at it yesterday and were … Continue reading

Daily Market Intelligence 7/22/16

Daily Market Intelligence 7:22:16

VIX

Midday Missive

Equity/Bond spread keeps on going led by the treasuries. I’m not looking for much of any trade in the Indices, although I’d imagine the Bears will come out of hiding today to give it a go after London’s close. This … Continue reading