Bunds, U.S. Treasuries & Gilts are being liquidated with all those dollars buying equities. Today it’s been Energy & Banks seeing some of the biggest gains with tech taking a breather @ Nasd 100 resistance.BHP & FCX are looking like … Continue reading
Daily Market Intelligence 6-27-16
Daily Market Intelligence 6-10-16
Presently we have a 2 day island top in the Spu’s & Nasd 100. This is a bearish formation. We need a close today under 2039 to confirm more Risk Off. Closing over the gaps in the Spu & Nasd … Continue reading
AUD/USD…75.40 (75.10 ish +- a couple in the Futures) is this qtr’s macro level. Good above/Negative below We’ve already seen a couple off big equidistant swings off this level. The pattern, if completed, is bearish Aussie. This could take into … Continue reading
Stocks… Spu’s…the P&F breakdown level is 2064. UNH…114 is near support. Resistance and the upside momentum level is 118.00. FB…yesterday’s low was important for FB could not fill it’s earnings gap @ 104. This shows strength with definable risk parameters … Continue reading
Stocks… Spu’s…short term sell stops are below 2064 support which if elected would open the way for a retest of the 200 DMA and unchanged on the Year in the Mid 50’s. Nasd 100…4659-65 is now resistance, yesterday’s ORL level. … Continue reading
Stocks… Spu’s…only come under pressure with price action below 2112. This needs closes below 2080 to do any serious damage to the uptrend. IWM…124.00 is momentum. Above, look for an initial 2 dollars. FXI…. 51+- a few is resistance and … Continue reading
Stocks… Spu’s…I doubt it can get back into the 60’s again. Only a close below yesterday’s low changes the bigger pattern. Bonds … 30 Yr. Bonds… 157.19 was last week’s close (1st natural resistance) I’d need to see sustained price … Continue reading
Stocks… DAX …remains firm over 11,900. Nikkei…June needs price action under 19,500 to show any signs of profit taking going into the end of the qtr. RIG…needs new price action over 15.40 for higher. TRN…Trinity has had a nice run. … Continue reading