Japan led early. Euro rallied right out of the gate with the current correlation of strong Euro = strong Indices. Currently in no mans land. GBP/USD went from matrix to matrix yesterday, and is now consolidation. Equity/Bond spreads have 3 … Continue reading
Euro…taking a little breather @ Month end up 6 figures. Pound is up $7.30 on the month. Spoo…keeps probing the bottom of the breakdown gap from February and backing off. Spreads are in a congestive pattern. Nasd/Bonds not backing off … Continue reading
Daily Market Intelligence 7-31-20
Daily Market Intelligence 7-31-20
Mid-Week Shuffle with Oil inventories, Metals Expirations and FOMC AMD @ new all time High SHOP up $70 @ all time high KODK..up 50% Porter Bibb knows his subject matter. GBP/USD..is the strong currency today. Working on a weekly and … Continue reading
Daily Market Intelligence 4-15-20
Silver would need two closes over last night’s high to continue higher. Gold is trading from one level on the sheets to the next. Aussie would need to hold above 63.36 after today’s G-7 call to remind firm. GBP…will react … Continue reading
Oil…20 dollars is the current floor. Closing below all bets are off for some semblance of order in the Oil patch. Short term closing level is 21.84 to maintain above. Everything is a point to point trade. The Room has … Continue reading
Daily Market Intelligence 3-30-20
Mid-Week Shuffle is in full swing. Individual names within Tech and Biotech will fare better than most other sectors. Gold/Bonds…was a great tell Monday. Time to leave this gestate and monitor for the next big move. Spoo’s..2500, the level the … Continue reading