Daily Market Intelligence 5:18:21
Discovery A is in play with the AT&T deal. Soros picked up the leavings on the selloff and will now be rewarded. Crypto succumbed to Musk rumors over the weekend that he sold his Bitcoin. He’s since, recanted that story. … Continue reading
Daily Market Intelligence 5:4:21
The specter of higher rates is having a deleterious effect on the metals. Gold needs a 1760 print for a reversal on the 100X3. Grain charts set up differently on the DC (K) and the ADC (N). It’s hard to … Continue reading
30 Yr. Bond Futures are sitting on their 200 WMA with the daily Yield @ its 50 DMA; waiting to discern new direction. Copper and the miners are up. Gold is enticing, however I’m not interested in chasing strength. Will look … Continue reading
Spoo & Nasd are a big gap game this A.M. This is the setup I was looking for earlier in the week. Nasd will require sustained price and closing price action under 13,710 for a correction. Spoo…Overnight high was close … Continue reading
Hot off the press podcast courtesy of Financial Repression Authority https://youtu.be/_JissLBlBE8 Crypto is in correction mode with the rest of the board stuck. 30 yr. Bonds and the Euro are into inflection levels. Gold hit it late yesterday and again … Continue reading
Indices held last night. Spoo… the 50X3 shows a break to nowhere. 25X3 shows consolidation. Nasd held. Oil is neutral. Platinum has rolled to July(N) Gold has rolled to June (M) If you use an Active daily Continuation you should … Continue reading
Copper is losing its shine to Gold. Most China related indices are trading @ their respective 200 DMA’s. U.S. Indices had an overnight bounce to nowhere. Spoo will need to sustain over the 200 period 3890 on a 240 minute … Continue reading
Yields remain the story and will through today’s testimony. Euro…118.56 ( 200 DMA) is the hold level. Oil held a descent spot for a bounce. Gold is picking up against FX, broke down against the Russell and is a day away … Continue reading