Daily Market Intelligence 2/3/23

Well he spoke hawkish but the streets and mutual fund first on month buyers took it as Risk on. Once the Dollar started getting smoked the hand was played. 5/30 yield curve showed ORH early in the A.M. before electing … Continue reading →

The whole game is the Nasd Pit gap trade!!!!!!! This matches up with Meta @ it’s 50 retrace of the whole down. I’m not writing a dissertation now. It’s a sell before you buy level with very tight stops first … Continue reading →

Gold/Bond or Equity/Bond it’s a relative strength trade. Gold is at a decision level in dollar terms. Gold*(Suisse/Yen) is at the same type of level. The braintrust met for a few minutes and thought the ECB meeting Thursday A.M. could … Continue reading →

Daily Market Intelligence 1/31/23

Buyers remorse, last chance to exit before tomorrow. Gold, Spoo, Oil, Copper put in reversals I’ve been looking for. Marginal new lows form last night should be considered Bear Trap territory the first time in. Euro & GBP look like … Continue reading →

I’ll need to see a 4025 print in the Spoo to think Friday’s high was it for a while. 4060.61.75 print is needed to fill the Pit break down gap. Nasd 100…12,022.25 is the 200 DMA, which is currently just … Continue reading →

Yes the Indices are short term extended. It’s al about where a Break holds today. Spoos should hold up in to the mid low 40’s the first time down, with 4037.50 the reversal # on the 50X3. Beans are holding … Continue reading →

We had a good game plan this A.M. Now we’re at the other end of the value spectrum late on a Wednesday. Nothing has changed technically and we’re not chasing any direction. Everyone is waiting to trade TSLA. Nasd 100 … Continue reading →

Tesla is running the board today. This is the second breakaway gap since the bottom. You’re @ potential double top land on all point & Figures!! Let the early show play out. Looking at the Natty price there is a … Continue reading →