Daily Market Intelligence 12-5-16
GBP/JPY…Daily..albeit the daily is getting overbought this cross is spiking through its 200DMA and last qtr’s high. 143.25 needs to hold to keep the pattern intact. 2 yr Fib retracements do not appear until 151.66 GBP/JPY..Qtrly Equity Indices look to … Continue reading
Stocks… Nasd 100… 4400 +- a couple is support ( last weeks low). Nikkei…needs to close back over 20,500 for upside momentum. Bonds … 30 Yr. Bond…(M) June needs to press and sustain above 153.05 resistance for higher. App. 151.24 … Continue reading
Stocks… Equity Indices will be all about the mid-week shuffle. They’ve tried up early week. We need to see where they hold late week. Bonds … Bunds…155.74 is the key feature. Maintaining and closing below this level would mark the … Continue reading