Daily Market Intelligence 10-29-20
Buckle up for today’s drama. Stimulus, Will they or won’t they? Spoo’s have given me what I was looking for. Spoo/Bond retested its breakdown level from yesterday. Russell…point of control is 1626.80. NFLX after the close. Looking at the weekly, … Continue reading
Crude hit a 50% level and backed off. This is the price action you’d expect to see. Now it’s about today’s mid-week shuffle low. How and where it holds is important for a continued rally. Aussie rallied to this years … Continue reading
Descent Wednesday high 2883.50 were the Pit sell stops 2947.50 are the Globex Spoo sell stops. 2950 print puts in a reversal on the 100X3 Gold/Bonds held its 200 DMA Spy/GDX rejected it’s 50 DMA Yield curves flattened VIX…ORH EUR/AUD…ORH … Continue reading
The match game continues. Aussie $ Spoo’s lined up for directional exhaustion. Copper is showing ORL EUR/AUD…held its 200 DMA and is attempting an ORH. EUR/NZD has an ORH working. Trump-Pence White House should be taking management notes from Jacinda … Continue reading
Thanks to our friends @ Financial Repression Authority! We’re made stronger by the friends we meet and listen to. Yra has been looking for the Euro to rally. Richard had on a guest who was looking for a weaker Canadian Dollar. … Continue reading
Markets are screaming May Day! Yesterday Yra and I had a conversation with Richard Bonugli of Cedarportfoilo.com. He’s the gentleman that has all those marvelous interviews with top economists and portfolio managers we love to listen to. It started off … Continue reading
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