The short end of the curve is leading the Bond rally. This puts the money for nothing scenario back in play with easy monetary policy. Mexican Peso has been rallying all week knocking on the door of an Outside reversal … Continue reading
DAX & Euro Stoxx 50 are showing Bearish daily patterns. The game in the Spu’s is still @ 2386. EUR/USD..108.27 is today’s 200 DMA. Expect price rejection the first time in. GBP/JPY…which has been leading the risk on rally … Continue reading
Daily Market Intelligence 5-11-17
30 yr. Bonds…151.14 is today’s 50 DMA matching Monday’s ORL level. Sustained price action over this level is needed to signal further weakness in the Spu’s Spu’s…yes, there is a potential double top @ 2400. I’m not going to … Continue reading
Daily Market Intelligence 5-9-17
Gold..today’s ORH # is 1236. Euro…needs sustained and closing price action below 109.48 ( today’s ORL#) for lower. Euro Currency Futures..EU6M7 currently trade @ 20-22 ticks over Cash. I write cash levels. Both the Euro & Swiss have retested the … Continue reading
The Indices and Bonds are range bound. Europe is in park, likely through the weekends French Election Let the day set up to see which one will lead.
Daily Market Intelligence 5-3-17
30 Yr. Bonds…151.11 is the 50 DMA.. Bonds are working on a potential ORL day with a close below 151.28 KRE…this is a buy against today’s low. DXJ…Japan is looking good. SPU/Bonds & Nasd 100/Bonds are showing ORH … Continue reading
Daily Market Intelligence 5-1-17