Daily Market Intelligence 4-11-19
I listened to Crudele’s interview with Jim Rodgers last night. In that vein will the ECB press conference be any different this time? Just after 7:30 CDT in previous Q&A’s the Euro broke out of the opening range on the … Continue reading
Yields on both sides of the Pond are pressing lower in to Draghi speech and press conference @ 7:30 CDT. DAX & U.S. equities are pressing higher as well. U.S. is driven by the strength of Chip earnings. Euro traded … Continue reading
Spu’s …so far the bounce was 5 points shy of putting in a reversal. I need to see a close over 2700 for stabilization. Nasd 100 could rally back to its 200 DMA @ 7077 on good AMZN earnings. AMZN…1678 … Continue reading
Bank Of England leaves rates unchanged. Waiting for the ECB press conference @ 7:30 CDT. China names are up
Euro..showing an ORL pattern by sustained price action below 116.64. Typical ECB price action. Look for a stronger dollar across the board going into today’s FX close. DJI & Midcap were bought all A.M. against Nasd names. Disney, Rails, Insurers … Continue reading
Facebook..give it time to digest to see possible bottoming action. Monthly and quarterly momentum lies in the mid 160’s. This is the long-term trend hold area. PayPal …has the same 2-day island as FB. PYPL has a greater chance to … Continue reading
Daily Market Intelligence 6-14-18
China is buying Grains Mexico is retaliating against Trump. ECB confirms discussion of QE taper. European rates spike TWTR is offering a 1 Bil convertible. Watch for the gap fill. UNH…raises qtrly dividend 20%. Spu’s…weekly resistance levels are on the … Continue reading
Waiting on the ECB. Below is the Active daily Continuation chart for Bunds. You can clearly see the rollover gap on this look. Spu 50 DMA is 2739.63