Daily Market Intelligence 4-27-17
Spu’s…medium term P&F..25X3 This is a range bound pattern. Until there is a clear break out above or below the current week range, sell rallies and buy breaks. Spu’s & Nasd are holding their weekly gains. AMZN ..put … Continue reading
Daily Market Intelligence 4-20-17
Daily Market Intelligence 4-17-17
Pretty much the entire board is green with the exception of the FANG names. Not a good idea to fade this oversold rebound in the Indices today. AMZN..is today’s big loser. 878.60 is the most obvious bounce level. The Long-Term … Continue reading
Daily Market Intelligence 4-6-17
AMZN…Should pause up here. Oil Inventories have capped the rally for a bit. Spu/Bond spread is into mvg avg resistance. The market needs to breathe in here before you get another move. The early game is over.
Daily Market Intelligence 3-30-17
Rule #1..never chase closing direction on a Wednesday. AMZN has been leading all day followed by GOOGL It looks to be a chase higher into the close with the Nasd 100 setting up for a close over my upside pivot. … Continue reading
Patterns of note. AMZN…is above it weekly ORH# @ 862.80 AAPL…is above it weekly ORH# @ 142.80 IBB…weekly ORH# @ 298.20