DAX is leading Index strength. 30 yr. Bonds are running the show. Follow the Bonds. Spoo…all about the Pit Gap resistance and the weekly point of control “4120.50” Copper has lost momentum against the Yuan. It needs to set up … Continue reading
Daily Market Intelligence 5-19-20
Daily Market Intelligence 10-3-19
Bunds are gaining on the Italian 10’s Pulte is gaping up into Monthly resistance. Lulu is @ 165 back @ all time highs. Look for another back and forth scrum in the Indices. I would expect reduced volumes. Don’t over … Continue reading
Daily Market Intelligence 10-19-18
Nasd 100 was trading unchanged on the month until Italy passed a budget last night which was construed as an up yours to the EU. What ensued was Dollar buying. Those dollars went into U.S. Treasuries. BUND/FBTP spread blew out … Continue reading
Daily Market Intelligence 5-29-18
Putin is speaking about raising Oil production. The Long term P&F put in its first relief reversal in 10 dollars marking a near term top. Energy names will be under pressure with an ORL week ( topping pattern) in crude. … Continue reading
Wheat is up into its first resistance zone. A trip to the farmers market here in Chicago revealed that plantings were over a week behind normal schedule. Lumber..is overbought on all time frames. That does not mean I’d consider fading … Continue reading
Daily Market Intelligence 5-17-18