Daily Market Intelligence 9-1-16
Daily Market Intelligence 8-25-16
Daily Market Intelligence 6-15-16
Stocks… Spu/Bonds…held it’s 50 DMA which lines up with 3/1/16 Spu close of 1977.90. Bonds.. 30 yr….162.14-15 is support and the daily gap from yesterday. FX… Euro…short Euro/Long every other currency with the exception of the Suisse Euro weakens further … Continue reading
Stocks… Nasd 100…3908 is the next set of macro sell stops (last years low) Initial resistance is around 4000. 3855 is the first tgt on the way to 3600. GDXJ…Gold rallied the 16 dollars after the pit close into NYSE … Continue reading
Stocks… Spu’s…short term sell stops are below 2064 support which if elected would open the way for a retest of the 200 DMA and unchanged on the Year in the Mid 50’s. Nasd 100…4659-65 is now resistance, yesterday’s ORL level. … Continue reading
The DAX looks to have bottomed for a bit. HEDJ… has rejected yesterday’s negative technical pattern. This should go up and test 65.60 if it’s good. Closing over 66.20 should be considered a resumption of the trend. Metals & Miners…Silver … Continue reading
Stocks… GDXJ…above 29 this has room to 30.40. 34.64 is today’s 200 DMA. Spu’s… The point & figure charts show new strength over 2050 resistance is needed for upside. Bonds … FX… Commodities… Gold…is knocking on the door again @ … Continue reading
Stocks… DIG…is breaking out to the upside on a weekly chart. As long as this is above 65.50 and closes today over this level I’m bullish, looking for an initial move to 69. MIDCAP…is attempting an ORH week with a … Continue reading