Risk spreads are holding. Hong Kong and India are up along with select China names. Euro is trading at its 200 WMA, the same level it’s been gravitating to since October. U.S. names and Indices will be brutal today. I’d … Continue reading
China took the lead last night with South Korea, Taiwan, SHCOMP & Hong Kong higher. A Davos Bloomberg interview with the man tasked to reform Brazil was very upbeat. saying he would close the budget deficit by year end. Nasd … Continue reading
Daily Market Intelligence 1-25-19
Stocks.. GOOG…is good as long as it does not print 864 PIN…by maintaining over yesterday’s high, this tgt’s 18.46 next. FXI…38.90-39.02 is the next resistance area. Once above look for another dollar EWW…maintaining above 66 gets this moving to … Continue reading
30 yr.Bonds…expire today. 146.05 was the Oct. low and close to our last short exit. closing under that level will keep the Bonds under pressure until year end. We’ll monitor the price action for a possible short in the 30 … Continue reading
These instruments are attempting ORH days. A close for the FXI ( China) over 36.88 and 17.52 EWH (Hong Kong) will complete these patterns. EWZ ( Brazil) A close over 65.38 would complete the ORH pattern here. Closing over 65.60 … Continue reading
The markets are living in a technical world. Gold…retested it’s Friday ORH break out last night and held for now. The point & Figure charts show, by not sustaining above this area, it is vulnerable to further sell offs. It … Continue reading
SPU’s…price action over 1366 will have us seeing more “Risk On”. We need to see price action back under 1360 to entertain keeping our short S&P’s and long SDS. We’ll monitor this for a little while this a.m. We’re not … Continue reading
The value shoppers have been out all day. The Spu’s can trade 1358 and fail. Closing above the low 60’s will have this analyst looking for prints in the 1400’s. The Spu’s are 50% either side of nowhere right now. … Continue reading
The OIL inventory #’s come out in 15 minutes. A big build in inventory could see us get filled in the Oil Futures. Game Plan…. “If we “do” get filled and it HOLDS the level!”…. sell the first 70-80 cent … Continue reading