Spu’s show a potential double top on the Long-Term P&F @ 2874 target. U.S. session Risk spreads in the Spu & DJI are off their highs. Nasd/Bonds keeps trading around its 50 DMA Euro…is trading around its 50 DMA. Closing … Continue reading
Daily Market Intelligence 8-20-18
Mid-Week Shuffle Spu’s will need sustained price action under 2817 to roll over. Spu/Bonds into a must hold area. Turkish Lira rallied into resistance. Rouble is getting smoked with Oil. Gold..no buyers! Yra’s Notes went over this in last night’s … Continue reading
Daily Market Intelligence 8-15-18
Spu’s…are caught between 2820-2844. You’ll need a breakout of this range to see further price movement. Given its August, caution should be exercised at the extremes. Pressing direction at the extremes looking for follow through is unwise. Oil..is the poster … Continue reading
Daily Market Intelligence 8-14-18
Daily Market Intelligence 8-9-18
Bank of England raised rates. Dollar is stronger across the board. Euro has a pattern which could follow through to the downside Nasd 100 is putting in a flag on the long-term P&F. Indices are into bounce zones. HON…I’ll be … Continue reading
Oil.. the long-term P&F takes three full dollars to turn direction. The break from 70.40 shows that this will be key closing resistance going forward. EIA inventories @ 9:30 CDT BIDU…missed earnings, making new lows for the past several months. … Continue reading
Spu’s & Nasd 100 put in lower lows from Friday. Spu’s failed to get low enough to put in a reversal on the long-term P&F. Spu/Bonds held the short-term averages. Spu’s & Dji are strong against the Nasd 100, Midcap … Continue reading