Daily Market Intelligence 8-16-19
Spoo’s rolled over on the 25X3 confirming the upside congestion area. It will take a print into 2894 ish for the 50X3 to confirm the high. Gold is stretched and stretched against the currencies. It will either consolidate at this … Continue reading
Italian Bonds were bought against the rest of Europe. In FX land i have my doubts that this Dollar sell off gets much farther, although the KIWI looks to probe 67.11 (its 200 DMA). Indices…no desire for the short side … Continue reading
Mid-Week Shuffle Gold is soft against the Currencies and Copper. Spoos put in a reversal last night on the 25X3. The range is fairly wide. It will take below 2965 or above 3K to get a new signal. 30 Yr. … Continue reading
The world is trading off the Italian 10’s FBTP led the rally in Gold & Currencies and now the break. Spoo’s have put in a short term reversal on the 25X3 50X3 tops with a 2960 print. Nasd 100 Globex … Continue reading
Tomorrow’s news Today…Money for Nothing https://zoom.us/recording/share/EjMRZep10f9LfXeStQNjKGBg04LdNAx3u1gZjUtkwhCwIumekTziMw FBTP…in yesterday’s conversation with Yra & PAX laid out the price action for the next target. I certainly didn’t think they’d be up 180 points to the level overnight. Gold…tagged the 1440 level twice … Continue reading
Money for Nothing Negative yields will keep a bid on breaks to Equities. Utilities saw the early bid followed by Fintech names. Auto parts names all rallied early as a defensive trade with Utilities. Indices are not worth trading. Bonds … Continue reading
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