French Oats and British Gilts are in rally mode, leading rates lower. They are currently showing ORH Patterns. This brings me back to Friday’s commentary for today’s trade date, where I said I had no interest in being short any … Continue reading
Spu’s…2459.75 is support. This is a Pit session level that has held the initial selloff. I would not rule out another trip to this level during a U.S. session this week. Gold/Euro…Gold has been holding up against the Euro … Continue reading
AUD/USD…Aussie’s 10 day 500 point rally is waning. A cash close today below 79.08 would have me looking for a corrective phase back to just below 78.00. AUD/JPY…a close below 88.59 would corroborate that move. EUR/AUD…is oversold and is … 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
ECB press conference is @ 7:30 CDT. Oil and Gold have hit my downside targets. Bunds…160.00 will be the level that needs to hold in June. Pay attention for his statement has the potential to elect a small short covering … Continue reading
We’re all waiting for the ECB. Earnings Calendar: Earnings Before the Open: BBT, BK, CBSH, CHKP, GATX, HOMB, IIIN, JBHT, KCG, KEY, MTB, MTG, PPG, UNP, WBS Earnings After the Close: ASB, AXP, IBM, PBCT, PFBC, SWKS Other Key Events: … Continue reading
Daily Market Intelligence 1-17-17
Waiting for the ECB @ 7:30 AMZN…needs to hold 758 on a retest for higher Earnings Calendar: Earnings Before the Open: CIEN, FRED, HOV, SAIC, TTC, VNCE Earnings After the Close: AVGO, COO, DLTH, FNSR, LAYN, ODC
I don’t want to be short anything except Oil & Natgas. Spu’s have not put in a reversal all day. A 30 + handle moonshot Some of the Equity/Bond spreads look extremely good which leads me to be a little … Continue reading
Italy,Germany & Spain are leading the board with lower Bond yields in Europe. EWP..Spain runs into resistance @ its 20 DMA @ 26.62. EWI…resting buy stops are @ 23.44 last qtr’s high. If elected, look to tighten up your trailing … Continue reading