Tag Archives: Crude Oil
A.M. Look 1/23/19
China and Japan announced stimulus last night. That flipped the board from risk off to risk on. Oil Inventories are tomorrow/not today. Wednesday rules apply
Midday Missive
Nothing like a little Full Moon trading. A full pattern retest in the Spu’s would see a 2626.70 retest matching its 50 DMA. It’s as good a level to cover shorts and play for a bounce for daytraders. Longer-term we … Continue reading
A.M. Look 1/22/19
Indices are mostly trying to back and fill to their respective 50 DMA’a. Spu’s have a pit gap @ 2645-47. Price action into 2630 is needed for a reversal on the long-tern P&F. Looking for a gap fill over the … Continue reading
A.M. Look 1/16/19
United Airlines beat giving a bid to the rest of the sector. BAC beat trading 4% higher. Equity Bond spreads are positive. 30 yr futures have room to 144.10 the bottom of the weekly cloud. Oil went to P&F resistance … Continue reading
Daily Market Intelligence 1/16/18
Daily Market Intelligence 1-16-19
Midday Missive
Tech and Healthcare. Service names have been on fire since the open. WDAY,CRM,ADSK,SHOP I have no interest in contra trend trading until the Spu’s trade into 2626-30, a place you could manage risk. Microsoft has broken back above its 200 … Continue reading
Midday Missive
Oil is running the show. 51.37 is today’s ORL# Stops were just run. Spu’s have yet to rollover in the P&F NFLX is above its 200 DMA with three gaps higher, which in classic technical trading is a potential exhaustion … Continue reading
Midday Missive
AAPL..141.83 is 200WMA…140.88 50 MMA Eventually AAPLE should retest 127-122 gap GOOGL ran the early rally to nowhere by sweeping the tops above its 50 DMA and rolling over. Expect market weakness into the afternoon session. Oil failed!
Daily Market Intelligence 1/3/19
Daily Market Intelligence 1-3-19
A.M. Look 12/28/18
The bulk of the charts all have the same pattern as the Spu’s. They are all poked out over their moving averages. Oil inventories are this A.M. A build could precipitate another small bout of Risk Off. From a trading … Continue reading