The overnight lows are good. Nasd 100 held its 200 DMA and the risk spreads are holding their respective short term averages. Nasd 100..Pit session gap is 7101.25-7116. Spu…Pit session gap 2794.90-27.93.50. The gaps are important from a charting perspective … Continue reading
Big ranges last night in the Indices. I’d look for a retest of last night’s extremes during the U.S. session. Spu 25X3 Piont & Figure shows a small double bottom @ 2655. Euro..113.00 should be respected as it’s being bought … Continue reading
The Pound is weaker off a British court decision to send Article 50 for Brexit back to Parliament for approval. Nasdaq is the stronger of the Indices on the spreads with AMZN & BABA both up in pre-market. 30 Yr. … Continue reading
GBP/USD.. GBP/JPY… Euro Stoxx 50 The Indices are trading oversold and ripe for a bounce. The Brexit news out of Britain is precipitating the short covering.
Spu/Bonds…The spread has moved 10% and is now trading a the Post-Brexit breakdown level and its 200DMA and Its 50 WeekMA. The spread will have to work through this resistance area for higher EUR/JPY…117.95 the Post-Brexit breakdown level Short analysis…Be … Continue reading
Daily Market Intelligence 6-23-16
The board went Risk on last night with the latest Brexit Poll. Deutsche Bank is up close to 4% this A.M. EUFN should be a big winner this A.M. DAX…. GBP/USD.. . 30 Yr. Bonds.. . Gold…1278-80 is near support … Continue reading
Daily Market Intelligence 6-20-16
Presently we have a 2 day island top in the Spu’s & Nasd 100. This is a bearish formation. We need a close today under 2039 to confirm more Risk Off. Closing over the gaps in the Spu & Nasd … Continue reading