Wednesday has come and gone. The long end of the curve ran short-term movements. Trading the names and sectors has been akin to Bizarro world where everything is opposite the next day. Not so in Coffee, Soybeans or Lumber, which … Continue reading
Spoo…4363.25 is the pit gap and support. Potential double top on the Point & Figures. Nasd 100…15K will be pivotal GoldinEuro got hung up last night at the top of the cloud. Indices ran weekly ORH buy stops against the … Continue reading
Daily Market Intelligence 12-30-19 Daily Market Intelligence 12-30-19
30 Yr. Bonds… GBP/USD…we’ll see how much more squaring up there is before London’s close as the truce in the Brexit campaign could last through the weekend. GOLD.. Spu’s need under 2062 to weaken and above 2078 to rally. … Continue reading
Stocks… Spu’s…2095 is the first objective. ISRG…put in an ORH day. 498 is support. 503 is 200 DMA resistance and the weekly upside momentum #. Bonds … 30 Yr. Bonds…150.06 is 200 DMA resistance. FX… GBP/JPY…it will take a couple … Continue reading
Stocks… EPI…India is the higher volume ETF vs PIN. Investors wishing to add India should leave a resting order to start scaling in EPI @ 21-20. PIN..I’d look to start a position @ 20 and then be willing to scale … Continue reading
Stocks… Nasd 100…Point & Figure break out is above 3625. Sustaining above leads to an upside breakout. Bonds 30 yr. Bonds… 136.27 should be monitored for tone on the SPU/BOND spread. FX… EUR/JPY…138.06 is 200 DMA support and is over … Continue reading
Stocks… Nikkei…is putting in an ORl day. This is not a pattern I’d look to take given the current RSI’s which show it’s getting oversold on the daily chart. Nasd 100…3590 will be pivotal. We’re in Rally mode by maintaining … Continue reading
Stocks… Spu’s…could trade into the mid to high 1890’s Nasd 100…3694-3700 is resistance and the closing upside pivot. VIX…14.40-50 is first resistance and the 200 day mvg avg. 15.50 is an exit zone for the bulk of any long volatility … Continue reading