Daily Market Intelligence 7:28:21
30 yr. Yield…1.973 is the 200 DMA Before you get all excited about about this inflation data there was a good article on Bloomberg cautioning against reading anything into it. If commodity inflation has been the result of China stockpiling … Continue reading
My eyes were dilated today. for an eye exam. A full chart package will come out tomorrow night. Good read per Yra https://scmp.us18.list-manage.com/track/click?u=3775521f5f542047246d9c827&id=35d5c22be0&e=c37c298493 Sell Signals All but Useless in Unchartable 2021 Stock Market https://www.bloomberg.com/news/articles/2021-04-24/sell-signals-all-but-useless-in-unchartable-2021-stock- These participants should use our model … Continue reading
Daily Market Intelligence 4:23:21
Profit taking started just before London. Spoo/Bond made a higher high last night failing just shy of its .618 target. This is the only chart I’m watching for follow through. Spoo’s finally put in that pesky 50X3 reversal last night … Continue reading
Trading will be a gap game today. Spoo Pit chart shows what we’re dealing with. First; would not be buying strength. Second: Spoo does not have to back off when we expect. Russell/Bond is retesting the breakdown from March. Be … Continue reading
Bored, Boring and waiting. I’ll dispense with the usual chart package tonight and leave with today’s discussion. Thank you Yra and Michael Hwung for the thought provoking conversation. https://youtu.be/IFCyfBodFdI
Daily Market Intelligence 3:10:21
https://www.bloombergquint.com/china/china-state-funds-said-to-buy-stocks-to-stem-worsening-rout Thanks for the article Randy! China intervenes and buys stocks. This is not a small thing. Yuan strengthens and metals rebound to nowhere. Gold needs a 1710 print to show bottoming action. Metals and Crypto have the Bond rollover … Continue reading
Grains are firm with Asian buyers. Indices are weak with the Spoo’s just above momentum support @ 3797-3800. 3775 is the reversal # on the 100X3. Bitcoin is sitting on momentum. Further weakness in the Indices could see further liquidation. … Continue reading