Euro Stoxx 50 is the weakest of the major indices this A.M. Nikkei broke out to the upside in early Asia and rallied to its next resistance last night. In general it takes a couple of days for a … Continue reading
The failure of the 30 Yr. Bonds to run the unemployment stops @ 173.23 is running the Equity/Bond spreads which are all presently trading above their 200 DMA’s keeping the Equity Indices firm. DAX…as long as the Futures remain above … Continue reading
DAX is leading. HEDJ …running above its 200 DMA matching the DAX/BUND breakout above its 200 DMA yesterday. VGK…testing above its 200 DMA, below is a link to the ETF components.https://finance.yahoo.com/quote/VGK Clearly I let boredom and a lack of price … Continue reading
Daily Market Intelligence 8-9-16
Daily Market Intelligence 6-1-16
Stocks… Spu’s…2060.75 is the must hold level. 2060.75 is the level to key off of. This is the weekly ORL#. This will act as support and the closing downside pivot with resting sell stops below. Price action below here will … Continue reading
EURO…124 + a few was a good initial high. Looking at the Dollar index the worst of the short covering rally could be over. DAX…had a descent break and DAX/BUND spread is coming into the 200DMA support level. The worst … Continue reading
Stocks… Spu’s…the first swing count is 2120. DAX…9860-10,050 is an important resistance zone. Bears will try to sell into this level looking for a market correction. I doubt the bears get much. For Bulls, they have to be patient. The … Continue reading
DAX/BUNDÂ has it it’s downside objective of a 2 yr 50% retrace, along with the EFA hitting the 200 WMA @ 58.68. These are first cover and potential bounce levels, matching the double bottom in the Spu’s Point & Figure … Continue reading