Daily Market Intelligence 1-02-18
Risk spreads are just breaking out from a one month congestion pattern. Risk to own the indices is Friday’s low of day. Once again we have breakaway weekly gaps in play with DJI,SPU & NASD 100 Whether we get another … Continue reading
Daily_Market_Intelligence_12_15_17
Daily Market Intelligence 12-11-17
Daily Market Intelligence 12-8-17
The most important chart is the Spu 50X3 P&F which completed another reversal @ last night’s low. Oil had a similar pattern yesterday. When i see this type of pattern a market typically reverses direction first before following through in … Continue reading
Long Dow Jones names/Short Nasdaq 100 The spread has a long way to go. The spread says the shorts aren’t going to get a lot of love fighting the positive capital flow into Dow names DJI/Nasd 100..daily … Continue reading
Spu’s are trading basically where they opened up yesterday in the mid 2630’s. The long-term 50X3 P&F has not had a 50 point reversal since 2437. 200+ points. The medium-term 25X3 P&F completed a reversal a few minutes ago. … Continue reading
Dow Dow and more Dow. DJI/Nasd 100 is close to confirming more upside. This is a big rotation with profits being booked in Tech. IYT had a big hold at its 50 DMA this A.M. It will take closes over … Continue reading
Dow names have been leading again today. Natgas names should remain strong into this afternoons Futures expiration. Agri names BUNGE, AGU, POT & MOS have been bought on today’s rotation. SQUARE could rebound as high as 44.50, its momentum breakdown … Continue reading