Daily Market Intelligence 7-26-16
DAX… held its 200 DMA and is headed for a retest of 10,314 the Pre-Brexit close. ​Oil…the weekly chart in Oil is rolling over.Sustained price action and a close over 44.70 is needed for the pattern to turn up. 42.75 … Continue reading
You’re seeing an early bid to defensive names; Utilities (XLU), AWK, & MCD in a chase for yield. AXP & AIG are being bought off relative strength indicator, meaning these Financials have neutral RSI’s while many momentum names have already … Continue reading
Daily Market Intelligence 7:22:16
Crude…46.12 is resistance with a close over 46.60 needed for signs of a bottom. 44.40-60 remains support and the closing downside pivot. Bund…165.30-50 is support and the closing downside pivot. 30 & 10 Yr. U.S. Treasuries and flirting with their … Continue reading
Daily Market Intelligence 7-20-16
Full Moon Trading…. Market timers are looking for profit taking with a mid-week high. The Dollar is strong this A.M. with the Pound vulnerable under 131.50. DXE…The dollar is finally breaking out of this pattern to the upside. The capital … Continue reading
Daily Market Intelligence 7-14-16
Daily Market Intelligence 7-8-16