daily-market-intelligence-12-6-16
Daily Market Intelligence 12-5-16
Euro has a potential ORH day working with a close over 106.91. This is the same level it rallied from November 2015 after Draghi disappointed at an ECB press conference. Equity/Bond spreads are bid. As long as the Spu’s stay … Continue reading
Follow the yellow brick road. Euro currency has bounced between its #’s twice yesterday for 100 point round trips. 105.50-106.50 The last break yesterday in the Oil was into the qtrly pivot @ 48.50. 51.35 is the next level. Tuesday’s … Continue reading
101.50 is my next matrix level. I would not look for the current Dollar strength, Gold weakness or Bond weakness to abate. You can cover directional trades later in the day, however you should not fade this flow.
Be patient in chasing this rally in the Indices out of the box. Let it breathe. Equity /Bond spreads have been going sideways for a few days leading me to believe you could see a two way trade in the … Continue reading
Gold held 1205 last night. Yra wrote about why he likes the Gold. https://yragharris.com/2016/11/20/friends/ there is a lot in the post to chew on over the Holiday. 1205 is 50% of 2105 Fib plus a match at the level. Closing … Continue reading
U.S. Ten Yr./Bund The rise is U.S. rates is taking a breather against the German 10’s. be careful where you sell the U.S. instruments given investors are position squaring ahead of the U.S. Holiday. December Oil futures expire today. … Continue reading
OIL..Crude is starting to roll. January (F) will be front month. The volume is just slightly more in the Jan. than the DEC. contract. January is trading at a 60 cent premium to Dec. Euro…107.60 ish on the Point & … Continue reading
Daily Market Intelligence 11-9-16