Dow names are leading. The board remains a daily rotational game. AMZN will be the canary in the coal mine. If Bezos loses a Billion dollars in notional net worth, it will be enough to roil the board. Currency traders … Continue reading
Daily Market Intelligence 11-20-17
Daily Market Intelligence 11-14-17
I am going neutral all Equity Indices in tonight’s DMI The risk spreads in the U.S. have not capitulated the way the European spreads have. With the FTSE & DAX trading below / @ their respective weekly ORL #’s, its … Continue reading
Daily Market Intelligence 11-10-17
Daily Market Intelligence 11-3-17
Risk Spreads are breaking down with potential ORL’s. AAPL…166.94 is today’s ORL 30 Yr. Bonds printed their 200 DMA @ 153.07. Bonds have been running the capital flows all A.M. Sustained price action above the 200 DMA after FOMC will … Continue reading
30 yr. 200 DMA @ 152.31 is running the board and the wiggles in the Risk spreads Spu’s…2492.25 is today’s ORL # DJI…22,2795 Oil…shows a potential double top on the 25X3 Point & Figure chart. All I have … Continue reading
Daily Market Intelligence 9-6-17
The whole month has been a low volume track meet. JULY Closes.. DJI…12,8911 Spu’s..2468 Nasd 100…5882.50 Looking at the board right now it’s hard to imagine that the DJI or Nasd won’t put in a higher closing month. Given … Continue reading