Industrials, Transports & Financials Basically a Dow driven rally. THO, ARCN and Yra’s UBS continue to do well It’s Wednesday and we don’t add risk into a strong close. Spreads are positive. Russell put in a bottoming pattern today. The … Continue reading
We spent some time in the room speaking about Gold and the Equity rotation ahead of tomorrow’s inflation data. Follow the Bonds early. Higher Yields will hit the Gold and provide a further bounce in the Dollar. Euro… use 116.00 … Continue reading
Daily Market Intelligence 7:28:21
Daily Market Intelligence 7:27:21
Spoo…4363.25 is the pit gap and support. Potential double top on the Point & Figures. Nasd 100…15K will be pivotal GoldinEuro got hung up last night at the top of the cloud. Indices ran weekly ORH buy stops against the … Continue reading
Daily Market Intelligence 7:23:21
Wednesday Rules apply. 30 yr. Yield and the Futures match up for a descent inflection level @ 1.916 in Yield Spoo’s will require a 4318.75 print to show any weakness. We’ve had a big index rally yet the spreads are … Continue reading
Grains came back last night. Gold is going in crypto as well as in FX terms. GoldinEuro needs to break above daily cloud resistance. Gold/YM hit daily could resistance @ its 50 DMA. On a relative basis its holding up. … Continue reading
Daily Market Intelligence 7:20:21
Spoo is back @ the old target. Price action here will determine how it will move. I’m looking for the 4220’s before this sell off is over. Dollar is bid and that money is going into Treasuries ( 30 Yr.) … Continue reading