Daily Market Intelligence 6-27-19
Mixed bag. Energy names led by the integrated are ripping. Semi’s & AAPL have been bid all A.M. NVDA was the star stopping @ its 50 DMA. Sector rotation out of defensive names is keeping the Indices range bound for … Continue reading
Sold all of My Long 25 Aug 16 GDX calls @ 1.82 average. Rolled 1/2 into Aug 16 27 GDX calls @ 80 cents Nasd 100/Bond into its 200 DMA Spoo will need a print into the 2921 ish to … Continue reading
“Gold is rallying not on inflation expectations but rather on the perception that Central banks have lost control of their Zero & Negative rate policies.” Yra Bitcoin has just completed a 50% retrace for the life of the contract from … Continue reading
Daily Market Intelligence 6-24-19
We know that the new matrix level posted in the Gold is good. Gold looks best against the GBPUSD & AUDUSD. Gold/YUAN is putting in an ORH qtr with a cloud breakout. FYI…so is Gold/USDDEM 30 Yr. Bonds remain firm … Continue reading
Daily Market Intelligence 6-21-19
Daily Market Intelligence 6-19-19
Daily Market Intelligence 6-17-19
Treasuries were weak after the 2 CDT Pit close yesterday. 30 yr. has room into 153.05 (M). Sustained price action below is needed for further Bond weakness. Nasd 100/ Bonds …mvg avg resistance is next. 5000 is the major multi … Continue reading