Risk spreads have been doing a small correction. With the Long end of the curve (30 Yr. Bonds) short-term extremely oversold as it approaches its 50 Qtr MA I’M defensive Equity Indices I have Bull VXX spreads out into the … Continue reading
Daily Market Intelligence 10-4-18
Italian politics has Europe in the boil again today. Dollar is up with Bonds seeing the safe haven bid Spu’s…25X3 shows a range bound trade. The pattern says do not sell weakness There will be no room today!
Daily Market Intelligence 10-1-18
Risk spreads are holding their respective short term moving averages. Spu… 2907 is unchanged on the month. 50X3 Point & Figure would need a print just below 2900 for a downside reversal DJI…25,964.8 is unchanged on the month. Nasd 100…7674 … Continue reading
Risk spreads are @ new all time highs. Investors will likely keep the Bonds under pressure into the expected Fed rate rise tomorrow afternoon. 30 Yr. Futures…137.30 should be a descent bounce level. Amazon was upgraded with a 2300 PT … Continue reading
Daily Market Intelligence 9-13-18
Daily Market Intelligence 9-4-18
Month end with thin holiday markets. The dollar has a bid tone. I’d look for the Bonds to see the safety flow going into a long weekend. Spu’s need a 2893.50 print for a reversal on the medium-term P&F. I … Continue reading
Daily Market Intelligence 8-30-18