Pro Tips

British Pound

Pounds are trying to top although I do not think it wise to chase this pattern without another day or two of price action. 145.60 is the 1985 Plaza accord fib Sterling has been reacting to, making it a tough … Continue reading

Canadian Dollar

Canadian Dollar

A.M. Look 5/3/16

Daily Market Intelligence 5-3-16

Oil…CVX

CVX…this is a topping pattern. A close below 100.40 would confirm more profit taking. Whether this is just money management going into month end or more remains to be seen. COP…has the same pattern. I’m sending this because more than … Continue reading

Midday Missive

Spu’s…yesterday into today provided the first reversal on the Long-term Point & Figure since Feb. It would take all new price action over 2094 on this chart for a rally, something I think will be a long time in coming … Continue reading

Comments

30 Yr….we’ve been up into the Gap two nights running only to rollover and die. 162.11 is the weekly close.I thought you’d see some price action into the gap while the U.S. session is open. So far not happening. Failure … Continue reading

A.M. Look 4/29/16

Daily Market Intelligence 4-29-16

Will AMZN save the board?

Crude..living in its own world. My resistance starts @ 46.29. We’re up 8 dollars on the month, there is no reason to think this ship gets turned before tomorrows close. GOOGLE…smells like three day old dead fish Nasd 100

A.M. Look 4/28/16

Daily Market Intelligence 4-28-16

Nasd 100