Tech remains the place to find alpha. CELG…pay for your trades right in here @ 94.40-80. Long Gild with a stop at today’s low. In the room we’ve been active in FB and SQ for day trades. CME acts great … Continue reading
Forecast Our August view of the market condition was that the Indices would remain in a Bullish trend. We maintained a Risk On bias with a focus on large cap technology. Currently, we are of the opinion that Industrials … Continue reading
Daily Market Intelligence 8-7-18
Facebook led early. NVDA, SMH & AMZN will be the feature this afternoon. All have potential ORH patterns NVDA…ORH pattern working above 253.06 AMZN…
Gold.. I have no reason to own it. 1205 can stall the fall. The qtrly chart shows mvg avg support around 1180. EURJPY is getting hung up @ it’s 50 DMA. This is stalling the Euro selloff. Today is typically … Continue reading
Daily Market Intelligence 8-3-18
Nasd 100 is putting in an ORH pattern led first by AAPL and now AMZN MSFT, SMH & SHOP are notable preformers. FB is up although lagging. This should test 181 at some point. EP/ENQ…Spu/Nasd shows Nasd has regained leadership … Continue reading
Facebook..give it time to digest to see possible bottoming action. Monthly and quarterly momentum lies in the mid 160’s. This is the long-term trend hold area. PayPal …has the same 2-day island as FB. PYPL has a greater chance to … Continue reading
Daily Market Intelligence 7-18-18
Daily Market Intelligence 7-13-18