Daily Market Intelligence 10-11-19
Gold…expecting a print into the high 1490’s to fill out the 50X3 point & figure chart. Oil…56.30 ash will be pivotal for direction. This is where the 50 & 200 DMA converge. European Bonds are in retrace mode. Bund is in … Continue reading
Long Euro/Short Pounds,Aussie,Kiwi is in play in FX land. Gold has rolled to DEC (Z) with an app 13 Dollar premium. I’m still focused on August for my signals. It’s going to be a big week for the metals with … Continue reading
Mid-Week Shuffle. EIA this A.M. with FOMC minutes this afternoon. Oil should find initial support into the low 62’s The less you do the happier you’ll be. Hamsters…enjoy. I’ve already mentally checked out until month end. The real game is … Continue reading
Daily Market Intelligence 5-22-19
It was a weak German story last night with the Bund rallying against the DAX which is Risk Off . At some point the Bund will trade another 60 points higher. EUR/GBP was the feature in the crosses. The stand … Continue reading
Equity/Bond spreads are extending their run Nasd 100…a little caution @ 6759 target for a potential double top. Netflix has a potential 3 day Island. An intraday rally to 346.41 negates that possible pattern. Eyeballing NVIDIA for a trade on … Continue reading
Big ranges last night in the Indices. I’d look for a retest of last night’s extremes during the U.S. session. Spu 25X3 Piont & Figure shows a small double bottom @ 2655. Euro..113.00 should be respected as it’s being bought … Continue reading
Euro…is getting messy. 122 will be support and the downside pivot. It needs to hold right here and turn back up to maintain trend. EUR/GBP…is showing a reversal pattern, however its into congestion, similar to the Equity ETF’s late yesterday. … Continue reading
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