Daily Market Intelligence 5-30-19
Daily Market Intelligence 5-22-19
Chips are leading today’s rebound. Dollar is being bought against the majors with those dollars being placed in U.S. Equities. Spoos are unchanged on the week, the 50X3 will take a print into 2869-70 to turn up. This would be … Continue reading
Daily Market Intelligence 5-20-19
U.S. Indices have completed this swing to the top of value. This matches up with names like Amazon and other big cap tech. It simply means were at levels across the board that will be tough to add risk until … Continue reading
The world looked bleak; the room bought early. Fearless leader obviously didn’t like the feedback he was getting from his posse. Big call buying was followed by positive tweets. I bought Spy’s and sold too early. I’ve since rolled … Continue reading
Daily Market Intelligence 5-15-19
Amazon…1856 is near resistance. Spoo’s…25X3 has a descent pattern after being tweeted back up last night. Sustained price action under 2810 is needed to roll over again. Hard to know whether the Index reaction is just an oversold bounce or … Continue reading
Daily Market Intelligence 5-14-19
The early show was run by AMZN running its daily ORL stops and holding. Oil ran it’s weekly stops @ 62.99 bottoming at its 50 WMA. Above 63 late day will be supportive of the Indices. Energy names have blown … Continue reading