Spu’s …Point & Figure chart shows 2817 will be support and the closing downside pivot. DAX…is showing a possible ORH day on the back of a stronger Dollar. Sustained and closing price action above 12,760 is needed to believe the … Continue reading
It’s Wednesday..be mindful of chasing strength late day! Spu’s have come back to initial closing resistance. Both the Spu & Nasd 100 Long-term Point & Figures show that we’re into a level that one should not chase strength. The bottom … Continue reading
Looking to see if the Indices hold an initial break after payrolls. Since its the first of the month, will we see early Fund buyers? Index strength after the New York opening should not be faded. DAX is caught between … Continue reading
DAX is closed today. Italian 10 yr. rates are in the forefront of today’s trading. German/Italian 10 yr. spreads are at a key qtrly closing level @ 119.55 Sustained and closing price action through this level should lead to additional … Continue reading
Daily Market Intelligence 5-18-18
Spu’s…Today’s 200 DMA is 2615.46 DAX is trading above its 200 DMA with the Euro Stoxx 50 butting up against it. GBP/USD is hanging right on its 200 DMA @ 135.40 with a very oversold condition. Here you have some … Continue reading
I’m in sell rally mode. AMZN…price action into 1529 should be used as a level to match up for bounces in the Indices Spu’s…2647 would be a low risk level for today. DAX has been gaining on the U.S. Both … Continue reading
Here is what I see. Mixed board..DAX & FTSE are nearing their respective 200 DMA’s Trump is tweeting down the price of Oil. AMZN received a PT upgrade to 1800. USD/MXN weakened with a Risk off board yesterday to it’s … Continue reading
Daily Market Intelligence 3-16-18 Daily Market Intelligence 3-27-18