Daily Market Intelligence 8-1-17
Daily Market Intelligence 7-28-17
LRCX,AMD,NVDA,SMH I’ve been reticent to take profits in these names as I felt it would be difficult to reload. I’m not happy about it now. If you bought weekly puts against the names You’re good. If not, … Continue reading
OIL…it will take 2 closes over 48.50 for a convincing upside breakout to retest the upper end of this years range. Euro…held a retest of the yearly ORH # @ 116.17. Sustained and closing price action below this level … Continue reading
What’s working is the Chip names AMD,LCRX,NVDA STX…40.10 is closing FIb resistance. The board is very name specific today. The Indices will remain a tough trade into Mid-Week LNG…held its 200 DMA on today’s low for the second … Continue reading
Daily Market Intelligence 7-20-17
Daily Market Intelligence 7:12:17
BUD…those that bought should use a break-even stop or 110 Stop On Close. AMD,NVDA & LRCX continue to do well. NVDA should run into initial near term resistance @ 149.50. Those involved with a specific name should give me a … Continue reading
Both the Bunds and the Italian Bonds have hit downside targets. I don’t think there is a point left in the U.S. 30 without a descent bounce. Obviously this could take into next week to materialize. Just don’t lean on … Continue reading
Bud is attempting an ORH day off a very oversold condition. Initial resistance is the 200 DMA @ 112 DB…Deutsche Bank has been leading the world Financials. The longer-term charts will be sent tonight shows room to 23. Euro has … Continue reading