Oil…44.00 +- a few ticks is the next matrix level. CVX…102.46 is today’s ORL#. Today’s high @ 105 represents a weekly double top. The profit taking in the energy complex has not run it’s course. Oil is completing the ORL … Continue reading
Oh Joy!!! 7 hours later internet is back up and my networks are reconfigured. OIL…45.92 is today’s ORL# XOM…92.44 is today’s ORL# Spu’s are holding up surprisingly well given the weakness in Oil. Given that the U.S. Equity Indices are … Continue reading
FTSE….putting in a topping pattern. Price recovery over 6418 is needed to keep the pattern positive. Spu’s… It’s the mid-week shuffle. U.S. energy names will be under pressure early.
Daily Market Intelligence 7-6-16
Euro…Finally looking to give it up IUSDCNY…Offshore Yuan CME…potential ORH day Nasd 100.. 4386.25 is today’s ORL # There have been few places to hide today. PSA,XLU,XLP,WTR,MO,MRK,PFE,UNH,STZ & PG So far there has been no bounce after London’s close. This … Continue reading
Spu’s… 2081.50 is today’s all session ORL # coming into 2079 support. This is not a level to initiate shorts the first time in. Oil…needs price recovery back over 47.90,today’s all session ORL #, to firm up. Weekly momentum support … Continue reading
Daily Market Intelligence 6-30-16
Welcome to the Mid-Week Shuffle DAX…9750 is resistance and the upside closing pivot. Spu’s..the bigger swing Fibs come in @ 2050. I don’t think you’ll get quite that high today. Spu’s are basically unchanged on the year. Gold…it would take … Continue reading
Daily Market Intelligence 6-29-16
Daily Market Intelligence 6-27-16