It’s not the high in the Indices. I might as well just say it before everyone asks when the room is open. The most I’d expect is a small back and fill to 8345.75 Nasd. The Risk spreads are lagging … Continue reading
Daily Market Intelligence 9-12-19
Daily Market Intelligence 5-31-19
European led volatility over night on OPEC production increases and Deutsche Bank hiding trading losses. Spu’s require a close over 2784 to attract buyers. Euro retested last months low.
We’re seeing pattern follow through in the names, Indices and the spreads. Spu’s & Nasd 100 have hit their projected targets. I’m a buyer of Spu’s @ 2619. In the meantime let the day set up and look for a … Continue reading
MU…Micron was upgraded by Susquehanna with a 60 PT DB…Deutsche Bank has led in European trading giving a bid to the Financial names in the U.S. Oil…I’m frankly surprised at the veracity of this rally. The 25X3 point & figure … Continue reading
Oil…Point & Figure shows all new strength is needed for higher. I’m not a fan of chasing this strength. 30 Yr. Bonds…the next 10 ticks down can trap new shorts. DB…Deutsche bank is running the European Indices. Copper…has … Continue reading
Daily Market Intelligence 7-7-17
Bud is attempting an ORH day off a very oversold condition. Initial resistance is the 200 DMA @ 112 DB…Deutsche Bank has been leading the world Financials. The longer-term charts will be sent tonight shows room to 23. Euro has … Continue reading
Daily Market Intelligence 3-27-17