Spu’s will need to trade and stay below 2617 for lower on the medium-term P&F. 2657-62 is the lowest risk sell level. In early 2001 the Spu’s put in a Tuesday high which is atypical and broke 400 Points. It … Continue reading
Daily Market Intelligence 4-24-18
30 yr. Bonds are trading at the levels from the last FOMC meeting. May 2 is the next meeting. Be patient for rallies. Risk spreads are firm led by the Bond break, not Equity Strength. Metals and the Dollar are … Continue reading
Here is what I see. Mixed board..DAX & FTSE are nearing their respective 200 DMA’s Trump is tweeting down the price of Oil. AMZN received a PT upgrade to 1800. USD/MXN weakened with a Risk off board yesterday to it’s … Continue reading
It’s an Amazon show. Semi’s are soft with aluminum producer Alcoa up leading BHP, VALE & FCX firm. Spu’s would require a 2696.50 print for a pressure relief reversal. I have no interest in being short. 30 Yr. Bonds are … Continue reading
Spu’s 2687 is today’s 50 DMA. VXX…43.22 is the top of the gap from 3/21. match this level up with an initial high in the Indices. 30 yr. Bonds are trading on its 50 DMA. Bonds have to remain under … Continue reading
Daily Market Intelligence 4-13-18
Daily Market Intelligence 3-28-18
Nasd 100 is trading just below its 50 DMA @ 6835. Spu’s are into a level that can hold, just as the 30 Yr. Bond is filling its rollover gap. There will be gaps in the 30 yr. above and … Continue reading
Oil needs to hold a pullback after inventories into 63.50 to keep a Bullish bias. 30 Yr. Bonds…Sell a rally into 144.25 with a stop over 145.00. Looking for a rollover gap fill at some point. The game is in … Continue reading