Spu’s…looking for the upside reversal on the 50X3. It will take a print into the high 30’s. Nasd 100..is into initial P&F congestion matching its 200 DMA in the spread. Mini Dow has the cleanest pattern for higher. Crude is … Continue reading
Daily Market Intelligence 3-29-19
Looking for the rest of the week to be about positioning in names going into Qtr end Friday. Index downside is limited. DAX, DAX/Bund & Euro Stoxx 50 are treading water just above their respective 50 DMA’s. Nasd/Bond has regained … Continue reading
Daily Market Intelligence 3-26-19
Daily Market Intelligence 3-22-19
I bought PFNX today. A starter position. I had a price order in and in went vertical. Long FB 165 Calls @ .84 cents for Friday. 165 lines up with its 200 DMA. Oil is at its next big macro … Continue reading
May (K) Oil is trading app +24 cents over April (J) Inventories come out @ 9:30 CDT. 58.17 is rough support in April. The bigger averages and momentum support come in @ 57.36. This will be the only instrument in … Continue reading
It’s a gap and go in the Indices. Spreads have broken out to the upside. We’re in buy the break mode. The Spu long-term P&F takes 90 points to reverse. Initial swing count is in the 2870’s. Euro has to … Continue reading
Daily Market Intelligence 3-14-19
ACB…Aurora added Nelson Peltz to its board now trading 7% higher. I will look at this late day given its Wednesday and I don’t like chasing late day strength in a Bull Market. Gold and Platinum rallied against the Euro, … Continue reading