Daily Market Intelligence 8-16-16
We’ve caught this trade 3 times this year from both sides. Things are over extended, particularly the Tech sector. I am pulling the chips off the table and watching for the Long term traders. Sell the SSO and TBT at the Market. … Continue reading
Per Langer’s A.M. matrix..1305 SPU & 12312-14 Sep 30 yr. (30% Fib retrace on the year) will be pivotal for the rest of the day. New strength in the S&P above 1305 and all new weakness below 123.12 is needed … Continue reading
You saw a nice reaction off the LEI’s ect. in the spread. The low in the bonds and the highs in the spu today are significant #’s. Price action in the S&P below 1334-5 and above 124.13 in the 30 … Continue reading
The yen crosses are telegraphing more risk on trading early. A weekly close over 116.94 in EUR/JPY puts in an outside reversal pattern to the upside. This area along with 123.80 in the USD/SGD ( Singapore Dollar) needs to be … Continue reading
Yesterday saw some good lows for now in the currencies,oil and the metals. This was the main reason we were pealing off positions in the SPU/Bonds and covering our Euro and Aussie shorts. The currencies were done more as a … Continue reading