Today through tomorrow will be Tweet driven trading. Nasd 100 low was the target and the closing downside pivot. Spoo’s filled out its 50X3 last night. Euro filled out its 25X3 last night. Overnight headlines are driving the board. ECB … Continue reading
Bank Of England leaves rates unchanged. Waiting for the ECB press conference @ 7:30 CDT. China names are up
Draghi is still speaking. The Bunds have flushed to the downside taking yields higher in the Italians and Oats. Our short end followed however the Long end is still in hover mode. Curve is flattening with the press conference. I … Continue reading
We have a potential Wed-Thursday low in the Indices. This is important mid-week price action for the technical model to repair itself. It will still take another couple of weeks to confirm a directional change. I view the board as … Continue reading
Waiting on the ECB and more earnings. Euro..200 DMA is @ 108.36 a level that should bounce the first time down. The early show will be run off the 7:30 CDT press conference. The latter part of the day will … Continue reading
Spu…SEPT…2177.50 is today’s ORL# Nasd 100..can’t happen. DAX…10,657 is today’s ORL# matching the pivot @ 10,650 Euro Stoxx 50…3063 is today’s ORL # matching the 3060 matrix #. 3038 is today’s support. Draghi is still speaking.
Daily Market Intelligence 7-1-16
Stocks… Spu’s…will need under 2076 for downside. The upside remains the same. DAX…held it’s 200 DMA on yesterday’s low. Bonds… FX… Euro…106.20 is resistance. Above, there is not much until 107. With a positive take on easing Euro could … Continue reading
The resting sell stops are @ 142.36. Electing those stops will lead to more weakness in the Euro today. We’re still working an order to buy the cross at 141.25. The cross could go as low as 140.40 and still … Continue reading
Stocks.. TSLA…176-171 is where to look for a bounce. This is a low risk level to buy before you sell. Visa & IYT…both put in ORH days. An early holed will see more buying. Bonds 30 Yr. Bonds…135.04-134.29 is the … Continue reading