The world is seemingly trading off SHCOMP. The move has been vertical. Early strength followed by profit taking. The Qtly shows this Index still well below 2018 high. The Dollar traded with the Indices. The Aussie keeps me from selling … Continue reading
He said She said. Poor messaging from Trump contingent adds to volatility and opportunity. Weekly Nasd/Bonds says it all. I asked the room what number ran the board across all asset classes yesterday. It was the qtly pivot in the 30 … Continue reading
Crude hit a 50% level and backed off. This is the price action you’d expect to see. Now it’s about today’s mid-week shuffle low. How and where it holds is important for a continued rally. Aussie rallied to this years … Continue reading
Gold/Silver is sitting on its 200 DMA & 50 WMA. Looking at this to see if Silver keeps leading. I doubt we’ll get a definitive answer until after Friday’s Payroll # Germany and Taiwan country ETF’s are breaking out to … Continue reading
It’s a disturbing time to be living in the city. Where is American leadership? Fearless leader is cowering in the secure basement of the White House after fomenting incendiary behavior. Looting and home invasions continued citywide last night. Trump’s policy … Continue reading
The matches are in the Spoo’s, Russell & Mini Dow This is an initial extreme. Commodity Currencies have a big bid. Positive outlook for Australian Gold Miners is good for Aussie. Adding Risk without some back and fill is risky. … Continue reading
The match game continues. Aussie $ Spoo’s lined up for directional exhaustion. Copper is showing ORL EUR/AUD…held its 200 DMA and is attempting an ORH. EUR/NZD has an ORH working. Trump-Pence White House should be taking management notes from Jacinda … Continue reading
Silver would need two closes over last night’s high to continue higher. Gold is trading from one level on the sheets to the next. Aussie would need to hold above 63.36 after today’s G-7 call to remind firm. GBP…will react … Continue reading
Daily Market Intelligence 3-27-20
The world is waiting for the G-7 Finance ministers to tell us how they will save us from the bug. RBA cut rates last night. The Aussie is nowhere I’d venture a trade. Crude regained half of last weeks loss. … Continue reading