Bunds and U.S. Treasuries are bid against the Italian & Spanish debt. Gold has bounced with lower yields as well as major currencies against the Dollar. Short term P&F resistance comes in @ 1289. Euro..would need to sustain over 117.90 … Continue reading
Daily Market Intelligence 8-28-17
Both the Bunds and the Italian Bonds have hit downside targets. I don’t think there is a point left in the U.S. 30 without a descent bounce. Obviously this could take into next week to materialize. Just don’t lean on … Continue reading
Rule #1..Don’t buy closing strength on a Wednesday. Yup I violated it! A potential dollar hickey in the SSO is not career ending. It’s very early in the Mid-Week shuffle. Spu..2416 needs to hold and rally. I need to see … Continue reading
YUM Brands… Oil…followed through to its next # set and reversed. There is nothing to do with this. Gold…traded the 1205 Fib I’ve been looking for since the beginning of Oct. Not touching it at weeks end. Nasd is ok … Continue reading
Can the Equity Indices stabilize today? The Bund (165.33) & Italian 10 Yr. into (140.25) are both at initial extremes. Both need another 30 ticks for additional follow through. Bund would need a close over 165.65 BTP would need a … Continue reading
Daily Market Intelligence 6-14-16
Currencies…we’re not touching anything until Monday, mid morning. Euro/Gold & Suisse/Gold…are hanging around the 200 day again. This will make trading the Gold difficult, so we’ll just leave our stop alone. The worst thing that happens is we make some … Continue reading
Watch for general market tone….These are Risk Indicators