Be wary of the Indices trading close to their ATH. Do not chase direction until it’s proven. Gold in Euro needs more work into and closing above its .618 to press further. Crypto wants to retest its 50 DMA’s
RBA met and decided against YCC. Aussie is a tough read. I looked at AUD/JPY, EUR/AUD, AUD/YUAN and I can’t get a good read. At least I can’t get a look that would entice me to do anything. Crypto is … Continue reading
Daily Market Intelligence 10-26-21
Daily Market Intelligence 10-21-21
Daily Market Intelligence 10-18-21
Daily Market Intelligence 10:2:21
Google & Crypto lead today’s price. Google will run the early wiggle in the Indices. MSFT…289.57 will be needed for a gap fill. Yuan got a bid to retest its 200 DMA. Surprise, so did commodities, Wheat… 7 dollars is … Continue reading
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 is back @ the old target. Price action here will determine how it will move. I’m looking for the 4220’s before this sell off is over. Dollar is bid and that money is going into Treasuries ( 30 Yr.) … Continue reading
Daily Market Intelligence 7:16:21