EURO…I’ve been waiting for a confirming close under 111.00 to sell Euro. EUR/JPY.. . GBP/USD… GBP/JPY…158.69 is weekly resistance. Spu/Bonds…Risk was on during early Wellington and never subsided As a day trader I’d look to fade the entire board for … Continue reading
Gold/Euro..is breaking out of it’s 1 year range. The Fib extensions give you an idea of how far this can run. Caution back below 11646. EUR/JPY…Is getting close to fulfilling major multi yr. fib extensions @ 115.09 with 111.46 being … Continue reading
Daily Market Intelligence 6-10-16
Daily Market Intelligence 4-27-16
Daily Market Intelligence 4-27-16
Stocks… Spu’s…2016-18 is the level for shorts to give it a go. Equity Indices would be extremely overbought right into the gap and the 200DMA just shy of unchanged on the year. Nasd 100…4424.70 is today’s 200 DMA. DAX…9850 … Continue reading
Stocks… Spu’s….are a two way time frame trade. Closes below 1929 is needed to break. Bonds.. 30 Yr…164.05 is today’s ORL # in June Bonds. They are weak by remaining below. FX… EURO…108.61 is the 2015 close, matching the .618 … Continue reading
Stocks… Spu’s….1931 is un changed on the month. There have been two 10 point rallies since the Asian opening which have been met with selling. Bonds.. 30 yr….(June M) 165.28-165.02 is near resistance and today’s upside pivot. FX… EUR/JPY…is oversold … Continue reading
Stocks… Spu’s…near term sell stops are under yesterday’s last night’s low of 1928.50. Nasd 100…4265-75 is the next oversold bounce level. XLE…54.26 is the 2011 low. Ultimate fib support is closer to 50. XOM…the pattern is hardly an advertisement to … Continue reading
Stocks… Spu’s…2065.50 is the weekly ORL # and today’s 50 year line. Do not over trade this level. This will be an end of day game to see if the chart patterns can be saved. Nasd 100…4620 is the weekly … Continue reading