Daily Market Intelligence 6-23-16
With a Risk On board the wheels are coming off several trades. Yen…is trying to top after retesting 97.00 Futures. Lower yen is typically Risk ON. GC/EURO GC/Swiss Franc.. I’m a little surprised that the Oil is not higher. … Continue reading
30 Yr. Bonds… GBP/USD…we’ll see how much more squaring up there is before London’s close as the truce in the Brexit campaign could last through the weekend. GOLD.. Spu’s need under 2062 to weaken and above 2078 to rally. … Continue reading
Daily Market Intelligence 6-16-16
Oil Patch…names with definable risk PXD APC… CSX…holding support. This is good as long as there is no close below 26.50 XLF…while i don’t think this ETF is worth the margin money to own, it is holding.
Daily Market Intelligence 6-10-16
Daily Market Intelligence 6-10-16
Daily Market Intelligence 6-9-16
It’s a commodity led rally which is still trumping yesterdays late day profit taking in tech. Nasd 100 needs sustained price action under 4505 to weaken. Spu’s will need under 2100. Silver Gold NUGT… AUD/USD Canadian Dollar Futures … Continue reading
Oil & Aussie are leading with GBP/JPY right back at the 50 DMA. AUD/JPY & CAD/JPY after some initial selling last night are following through with their respective ORH patterns. Aussie hit cloud resistance at last nights high. Unless you … Continue reading