Daily Market Intelligence 11-14-16
Gold…1243.20 was the Oct. Unemployment Low. If the sell stops get elected under this low over the next couple of sessions, it would be a good place to look for a bear trap. Oil…43.44 is today’s 200DMA. A week ago … Continue reading
U.S. Financials will be in focus today. WFC, C, FHN, USB, and PNC among those reporting earnings today.DAX…European Financials are trading weak keeping the 200DMA resistance @ 10,078 intact. Closing above is Bullish. 10,729 was the 2015 close. Bunds…166.19 is … Continue reading
It’s the mid-week shuffle after a Full Moon and technical models in equity Indices world wide are turning up. Currently the Spu’s & Nasd 100 are into some congestion as mentioned yesterday. A wiggle back to yesterday’s highs and a … Continue reading
Daily Market Intelligence 4-22-16
Stocks… BBY…is showing a seasonal bounce. Sustaining over 31.65 is needed for a move to 33 +- a few. GOOGL…ran the Spu’s yesterday both up and down. I try and put out the obvious matching technical levels in the … Continue reading
There is a big bottoming pattern now forming off the 7:30 ECI #’s. Sunday into Monday should prove interesting for pattern follow through. This is a massive capitulation of Long Dollar positions. The potential lows in the Aussie & Kiwi. … Continue reading
USD/JPY…107.15 (app 93.35 Futures) is Yen resistance and the closing upside pivot. This is the spot to sell the Yen with a very tight stop of app 25-30 pips. You should see price rejection here the first time up. How … Continue reading
Stocks… SPU’s … the point & figure pattern shows a move back to 1928 is possible. Sustained price action above the high 60’s is needed to turn the pattern Bullish. IYT…closing below 148.25 would target 141 a test of the … Continue reading
Stocks… SPU’s…need sustained price action under 1885-7 to break anywhere. Bonds … 30 yr. Bonds…range bound. FX… GBP/USD…Sterling is reacting to the Scottish Independence Polls. It put in an ORL week last week. The Yes camp for devolution is gaining … Continue reading