Risk spreads are holding. Hong Kong and India are up along with select China names. Euro is trading at its 200 WMA, the same level it’s been gravitating to since October. U.S. names and Indices will be brutal today. I’d … Continue reading
Daily Market Intelligence 12-21-18
MON…a close today over 124.80 puts in an ORH pattern. today’s low of 123.79 is momentum support. I have no desire to chase the Grains or the other Agri names, however this one has potential if the pattern fills out. … Continue reading
Stocks… EPI…India is the higher volume ETF vs PIN. Investors wishing to add India should leave a resting order to start scaling in EPI @ 21-20. PIN..I’d look to start a position @ 20 and then be willing to scale … Continue reading
EWA,EWW,EPI are attempting upside break outs. FDX,BRKA, DOW & MLM are three names that look particularly good. BLK…looks to have put in a trad able low yesterday @ 295. BHP…today’s low is the risk for any new longs. A close … Continue reading
Stocks.. BAC…is putting in an ORH week with a close over 15.79. While the pattern looks good I am not a fan of chasing this strength. LNG…as long as this holds above 42.40 close I’m a fan. Spu’s…a … Continue reading
Stocks.. VNM…needs to maintain above 18.90 and close over 19.15 for higher. FXI…needs a close over 32.90 for bottoming action. EWZ…needs a close over 44.50 for bottoming action. EPI…could get as high as 16.95 Nikkei..14,150 is weekly resistance. 13,900 is … Continue reading
30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading
Today’s low in PIN is the a retest of the 200 day mvg avg. EPI…the 200 day is 19.87 Investors looking to diversify or playing in this pond, manage your risk against these #’s. Closing under these levels would be … Continue reading
Chasing strength has never been my forte, however you are getting upside breakouts in the India ETF’s and the Banking ETF’s. The choices are to buy a little on the close or wait for an opportunity mid week next, which … Continue reading