Daily Market Intelligence 9-1-17
It’s a commodity led rally which is still trumping yesterdays late day profit taking in tech. Nasd 100 needs sustained price action under 4505 to weaken. Spu’s will need under 2100. Silver Gold NUGT… AUD/USD Canadian Dollar Futures … Continue reading
Canadian Dollar
Daily Market Intelligence 4:18:16
We’re at my next target for Canadian Longs. While the Dollar chart shows there is room for another 60 futures ticks, this will take some work into the first major fib @ 126.65 (App 78.95) to set up for a … Continue reading
XLE…there is room for a good run. OXY…pattern is good on both the daily & weekly COP EOG…trading at it’s 200 DMA HAL…held it’s 200DMA on today’s low. Use that for risk management. FSLR…radar for the day. This typically gets … Continue reading
Stocks… Spu/Bonds…held it’s 50 DMA which lines up with 3/1/16 Spu close of 1977.90. Bonds.. 30 yr….162.14-15 is support and the daily gap from yesterday. FX… Euro…short Euro/Long every other currency with the exception of the Suisse Euro weakens further … Continue reading
Gold,Canada & Aussie were all big opening range trades. The last high in Canadian Futures was 73.31 2/4/16. CAD/JPY…is trading at it’s daily ORH#. Price action and a close over 83.80 will telegraph more risk on. Canada strength is coming … Continue reading
CAD/JPY AUD/CHF GBP/USD Canadian Dollar Copper Mexican peso is working on the same pattern. Brazilian Real is putting in a bottoming pattern as well. Gold…this wants to trade the 200DMA @ 1135 for a start. It’s doubtful if it can … Continue reading
BUD…120.19 is the weekly ORH #. DIS…gains upside momentum with a close over 97.19 AMZN…remains firm above 589. CA6H…71.12 Futures is the weekly ORH #.