Late day we took a small flyer on some puts in the QQQ for Friday just because it’s Wednesday. We chose the Puts so its a pass line bet. You either win or you lose the premium, but the loss … Continue reading
Tomorrow our focus will be on guaging early buying interest in the Indices. I’ve been pounding the table for days that Amazon had bottomed. There remains a huge overhead gap that Amazon is going to fill. If you think you … Continue reading
Amazon is trading close to the bottom of the daily cloud , which is initial support. Spoo…shows a consolidation pattern on the 50X3. It will take sustained price action under the 200 hourly @ 4371.80 for lower. Indices are still … Continue reading
Daily Market Intelligence 7:30:21
Daily Market Intelligence 7:28:21
Google, FB, AMZN & AAPL make up 25% of the Spoo. Good luck shorting into earnings. Grains are showing bottoming patterns and buying interest overnight
It’s a big week ahead with the FANG earnings and FOMC Wednesday. Month end is Friday. Natgas & Copper are continuing upward. Copper remains positive after last weeks ORH. Price action below 4.40 will have the Bulls rethink positioning. Bitcoin … Continue reading
Spoo…shows a double bottom @ 4350. It will take all new weakness below to break.AMZN…3697-02 will be pivotal al day.Gold will need to sustain over 1825 mvg avg resistance to go anywhere. Gold/Yen is @ resistance.Gold has the beginnings of … Continue reading
Daily Market Intelligence 7:14:21
Daily Market Intelligence 7:9:21