Daily Market Intelligence 8-31-17
Daily Market Intelligence 7-28-17
DXY…Dollar Index came within ticks of the next target a shade below 93.00. This is another example of an ORL with a very low RSI having limited follow through. OIL…spent all night looking for new buyers, only to find … Continue reading
I’m not looking for this capital flow to change for the rest of the week. Equity Indices will be quiet but firm. Spu’s closing above 2268 will have me looking for another 20 point s higher. As long as the … Continue reading
Daily Market Intelligence 12-5-16
The worm is turning. This is a topping pattern for the Dollar. Gold is getting to important resistance as the Dollar is trying to turn. Tighten up your risk.
Stocks.. U.S. Indces…yesterday’s Mid-Week low should hold the rest of the week. TSLA…145-146 becomes support. Bonds… FX… AUD/JPY….held support yesterday. This is in a corrective profit taking phase that could reach 88.70 AUD/CAD…95.05 is resistance and the closing upside pivot. … Continue reading
Stocks.. Line…Linn Energy… Those of you that outright bought the stock should be using a 26.70 stop on close. This has yet to break out to the upside. The daily chart turns up with a good close over 27.60 and … Continue reading
A close below these levels would be needed to signal a high for a sell off. Nasd 100…3008 SPU’s…1660 TFM…9931 Midcap..120770 SDS…38.62 (above) since this is a double short. The Midcap 400 is leading the profit taking. The Banking sector … Continue reading
Spu’s & SDS….yesterday’s close is a perfect example of why I prefer to trade Futures Vs. ETF’s. The S&P 500 Futures closed above our break down level. With the Futures, since they trade 23.50 hours a day, you can wait … Continue reading