Oil…20 dollars is the current floor. Closing below all bets are off for some semblance of order in the Oil patch. Short term closing level is 21.84 to maintain above. Everything is a point to point trade. The Room has … Continue reading
Daily Market Intelligence 4-2-20
Daily Market Intelligence 3-30-20
Daily Market Intelligence 3-27-20
The news flow just keeps getting stranger and stranger. Science deniers abound. The most sentient commentary came from Blackrock overnight. “The longer we quarantine and bite the bullitt the stronger and faster the recovery will be” The reaction to unemployment … Continue reading
Mid-Week Shuffle is in full swing. Individual names within Tech and Biotech will fare better than most other sectors. Gold/Bonds…was a great tell Monday. Time to leave this gestate and monitor for the next big move. Spoo’s..2500, the level the … Continue reading
Nasd/Bonds broke out above the past two weeks momentum resistance. Spoo/Bonds are just above. It’s a long day with looming bad news over the weekend. Let the games begin. Spoo’s…2500 was the launch level in 2017 for this past Bull … Continue reading
CQG data is massively behind on my system. Missing 3 100 point swing reversals on my 100X3 PNF from last night. The 50X3 seems to be on. I’m hoping this will fill in. Spoo/Bond has done nothing more than catch … Continue reading
Daily Market Intelligence 3-19-20
Spoo’s …up a hundred, down a hundred, up 60. That was in the past couple of hours. two years worth of price action in 12 hours. The only overnight sentient content was a Bloomberg interview with Mervyn King, Former head … Continue reading