Let’s just take a second to comment on the delusional 60 Minutes interview from Chairman Powell; “The time to balance budgets is in time on high employment and economic prosperity” “Yes I watch the markets” “Now is not the time … Continue reading
It will be a late day game to see if the Indices can close higher on the week or suffer another Friday puke. Despite the 66 point range in the Spu’s it’s still an inside week. Don’t buy strength and … Continue reading
Daily Market Intelligence 7-28-16
Stocks… Spu’s…are unchanged on the year. 2069 is closing resistance and the next upside momentum #. SPY…207.30 is resistance. 203 would be a low risk buy. DAX…10,580 is resistance and the closing upside pivot.IBB…needs a sustained price action and a … Continue reading
Stocks… Equity Indices have hit my upside tgt’s. The players are all Long and many instruments are getting short term over extended http://yragharris.com/2014/07/01/euphoric/ Yra wrote this piece last night and it’s well worth reading! This A.M.’s Yellen comments have the … Continue reading
Most of the board is directionally challenged. Simply put a lot of instruments have come a long way and prudent players are pairing back risk in some asset classes going into mid week Fed meeting. There has been a lot … Continue reading
We’re down to one small position. We’ve taken our money and it’s time to be patient. If you want a little food for thought about today’s Fed meeting …read Yra..http://yrah53.wordpress.com/2011/09/20/awaiting/ Today will be a big day on a lot different levels. I … Continue reading
let me just touch on this one more time. The Stock indices have just come down to their respective “Qtrly” outside reversal #’s and held. These are Monster levels!! Closing below these numbers would be cataclysmic at month end. In … Continue reading
We had a swing and a miss in the Corn yesterday. At least it was over fast! Our plan is to keep selling the rallies in the equities. Currency traders should be very wary of selling any kind of weakness … Continue reading
We got the 2 day rally in the equity indices I was looking for. The Spu printed last weeks close, which was the price action I was expecting. The Bulls would like to see a weekly close over 1335 to … Continue reading