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
Daily Market Intelligence 5-30-17
Gold…50X3 P&F…is trading near the top of value on the P&F charts. There is a gap @ 1276.90 on the daily continuation. Gold..100X3 P&F Gold/Yen is trading at its 200 DMA. Gold/Yuan is through its 200 DMA Gold/GBP is trading … Continue reading
It’s a Risk On morning led by the FTSE, which needs one more good close up here to target another 400 Points of rally. HD is up 3 dollars. I’m looking for the Bund & Bond rallies to keep failing. … Continue reading
Both our 30 yr. and the Bunds have similar patterns. Both are trading mildly oversold doing corrective bounces. 151.11 is today’s 50 DMA in the 30 Yr. It’s as good a place as any to expect price rejection. Indices…waiting … Continue reading
Daily Market Intelligence 5-11-17
Gold..today’s ORH # is 1236. Euro…needs sustained and closing price action below 109.48 ( today’s ORL#) for lower. Euro Currency Futures..EU6M7 currently trade @ 20-22 ticks over Cash. I write cash levels. Both the Euro & Swiss have retested the … Continue reading
Daily Market Intelligence 4-24-17
Daily Market Intelligence 4-17-17
Bunds…have reached their first target @ the 1/2 of the gap and its 50 DMA. Gold…June (M) Gold is trading app 2.5 dollars over April (J). This makes a difference when you’re determining the correct 200 DMA 50X3 … Continue reading