Tag Archives: Financials
Midday Missive
This is a spread correction Long DJI/Nasd 100. Long Russell/Short Nasd Gaps were filled in many of the Banks a Low of Day. Pick your poison time. This is a spread correction Long DJI/Nasd 100. Long Russell/Short Nasd Gaps were … Continue reading
A.M. Look 12/4/17
The Financial names are up 2%. Goldman is within striking distance of its 2017 high @ 255. Spu’s…the long-term Point & Figure shows that a move into the 2620’s or low 30’s should be viewed as another buying opportunity with … Continue reading
Daily Market Intelligence 12/4/17
Daily Market Intelligence 12-4-17
A.M. Look 11/16/17
NIkkei has been running the board for the past week. 22,000 to 23,000 followed by a 5 day sell off to 22,000. Nikkei held early and rallied last night. It is now getting close to the breakdown level of 22,770. … Continue reading
Daily Market Intelligence 11/16/17
Daily Market Intelligence 11-16-17
Midday Missive
Spu’s..2552 is initial mvg avg support matching 12 in the VIX.There are a lot of Financial names struggling.CMA,GS,NTRS,KEY,LUK,MS,NAVI,PFGOne would reasonably expect this flow to continue into London’s close. Pay attention to what you’re involved with.This is just a prelude to what … Continue reading
Midday Missive
British Pounds are breaking down with the Euro gaining on the crosses. IBM has room for another 2 dollars of downside. Dow names and Financials should remain your focus.
A.M. Look 10/20/17
Bond Futures down = stronger Financials. Risk spreads are following through for new all time closing highs. Don’t fight the flow! I neglected to mention that November Oil expires today. I’m sure some of last night’s weakness can be attributed … Continue reading
Midday Missive
The Financials are hanging in despite the Bond rally which is running the correction in the Risk Spreads. Bottom Fishing is Ok in the Financials, in particular Citi, agains today’s low. MS…Morgan failed its gap @ 47.74 as well. This … Continue reading
The Late Show
Long Energy,Financials & Healthcare have been the focus all day. ORH Patterns APC,CVX,CXO,NFX,OKE,PSX,PXD,RRC,SWN,XEC Of these RRC,XEC,PXD,NFX,CHK & COG have a reasonable RSI The other names have been rallying for a few weeks and I would not chase these patterns at the top of … Continue reading