U.S. Financials will be in focus today. WFC, C, FHN, USB, and PNC among those reporting earnings today.DAX…European Financials are trading weak keeping the 200DMA resistance @ 10,078 intact. Closing above is Bullish. 10,729 was the 2015 close. Bunds…166.19 is … Continue reading
Daily Market Intelligence 7-13-16
Bunds, U.S. Treasuries & Gilts are being liquidated with all those dollars buying equities. Today it’s been Energy & Banks seeing some of the biggest gains with tech taking a breather @ Nasd 100 resistance.BHP & FCX are looking like … Continue reading
The beat goes on with a mid-week extreme in the Bonds & Spu’s. 30 yr….175.06 is today’s Pit ORL# Bund… 167.23 is today’s ORL# Gold has hit targets on a mid-week extreme. I’d expect some back and fill before Friday … Continue reading
Daily Market Intelligence 7-1-16
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 6-10-16
Daily Market Intelligence 6-9-16
Bunds… have completed a three month journey to fill its gap from last quarter three trading days shy of Wednesday’s expiration. On three separate occasions this qtr. I thought we’d see a conclusion to this journey only to be proven … Continue reading
Daily Market Intelligence 6-1-16