daily-market-intelligence-12-15-16
GOOGL…has been bought all A.M. against AMZN. 800-801 is mvg avg and Fib resistance. UNH… is in profit taking mode breaking below its momentum level it’s remained above since the election, keeping healthcare on the defensive. There has been a … Continue reading
Daily Market Intelligence 11-23-16
Daily Market Intelligence 11-17-16
Daily Market Intelligence 8-11-16
European Banks are causing a cascade effect across all asset classes driven by falling Bond Futures. Nasd 100 Globex session has a double top after electing the yearly buy stops. Sustained price action and a close below 4726 will elect … Continue reading
You’re seeing an early bid to defensive names; Utilities (XLU), AWK, & MCD in a chase for yield. AXP & AIG are being bought off relative strength indicator, meaning these Financials have neutral RSI’s while many momentum names have already … Continue reading
The weekly retest low @ 1913.50 in the Spu’s looks good as long as it now remains above 1918. XLU & dividend yielding water ETF’s (WTR & AWK) have been leading all year FB… put in an ORH month and … Continue reading
OIL…remains under pressure. A close today under 74.70 either month is negative. 74.46 is long term mvg avg support. Once below look for a test of the 69-70 decade fib support. This will be a do not sell zone the … Continue reading