Daily Market Intelligence 8-18-16
Daily Market Intelligence 8-16-16
SHCOMP…had a strong start to the week keeping Asia firm. Euro Stoxx 50…needs to maintain above 3034 its 200 DMA and today’s ORL # for higher. Grains look to have bottomed after holding Friday’s WADSE break. Soybeans need a couple … Continue reading
Soybeans are firm above 9.74 Corn needs sustained price action above 3.38 to gain upside momentum. Markets have had the general Friday-Monday Risk On follow through one would expect with the Yen crosses being bid. I’m paying particular attention to … Continue reading
Corn…It’s all in the map. Here is the picture, 1st an ADC 2nd a daily. Note the difference in where the mvg averages come in. Both show Corn trying to bottom with 4.01 being a key closing level. Active Daily … Continue reading
Daily Market Intelligence 6-6-16
Daily Market Intelligence 5-20-16
Stocks… Nasd 100…4554 is first resistance. Bonds … 30 Yr. Bonds…157.28-30 is initial support. FX… GBP/USD…155.10 is resistance. Below there is room for a move to 153.80 the 200 DMA. AUD/USD…73.32 is support and the downside closing momentum #. NZD/USD…needs … Continue reading
Stocks… Nasd 100…4074 should be used for early market tone. 4103 is resistance. Closes over 4120 are needed to start a whole new Bull leg higher into year end. SPU’s…put in an ORH day yesterday. Closes over 2022 start another … Continue reading
Stocks… Spu’s…price action under 1960 support is needed to unnerve the Bulls. Nasd 100…4074 should be used for early market tone. 4103 is resistance. Closes over 4120 are needed to start a whole new Bull leg higher into year end. … Continue reading