Daily Market Intelligence 2-9-17
Daily Market Intelligence 2-8-17
If the market is not reacting to the latest tweet from Trump, it’s now reacting to Fed members statements as Harker talks up 3 rate hikes this year in a speech last night. If we’ve learned anything it’s we don’t … Continue reading
FCX & AA are gaping higher this A.M. Do not chase this strength early in these names, rather I’d look for some back and fill. Spu’s & Nasd 100 look to open @ or over yesterday’s high. If this does … Continue reading
The Pound is weaker off a British court decision to send Article 50 for Brexit back to Parliament for approval. Nasdaq is the stronger of the Indices on the spreads with AMZN & BABA both up in pre-market. 30 Yr. … Continue reading
GBP/USD…traders that honored the ORH weekly Pound formation and did an opening range trade last night should use a breakeven stop @ 123.70, last night’s Asian opening print. GBP/USD will need a couple of closes above 125.15 to accelerate. Alternative … Continue reading
Daily Market Intelligence 1-23-17
Daily Market Intelligence 1-20-17
YRA Harris …last nights Notes From the Underground May is expected to reveal a more defined Brexit plan but I think the market has already pushed the British pound so low that there’s a greater risk of a pound rally. … Continue reading
Lots of moving parts this A.M. VIX…resistance starts @ 12.80 into 13.22 its 50 DMA Euro traded @ 107.20, a level I’ve been highlighting for the past few weeks. Sustained price action above runs out all the Dollar Bulls. DXE..is … Continue reading