Daily Market Intelligence 11-24-21
It’s a commodity led morning. Oil is trading @ its .618 of the life of Oil. No buying strength into the level. Soybeans have completed a 50% retrace of the break. Be patient. Silver is leading the precious metals, with … Continue reading
Daily Market Intelligence 4:30:21
Daily Market Intelligence 4:29:21
Canadian Dollar is attempting to bottom. Futures show short term resistance @ 78.38.Closing over this level Friday puts in an ORH week, a pattern worth going with.CAD/JPY has the same pattern.Index traders..Time Frame trading CA6M8…Canadian Dollar Futures CAD/JPY..Weekly
The Financial names are up 2%. Goldman is within striking distance of its 2017 high @ 255. Spu’s…the long-term Point & Figure shows that a move into the 2620’s or low 30’s should be viewed as another buying opportunity with … Continue reading
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
Oil & Aussie are leading with GBP/JPY right back at the 50 DMA. AUD/JPY & CAD/JPY after some initial selling last night are following through with their respective ORH patterns. Aussie hit cloud resistance at last nights high. Unless you … Continue reading
Daily Market Intelligence 6-7-16
EWW…Mexico is moving with the Oil. 2 days over 52.72 will see this test the year high. CAT… DD…DuPont NFLX…electing stops above it’s 200DMA and attempting an ORH weekly pattern. PCLN…after printing it’s 200DMA this is having good … Continue reading