DAX shrugged off bad Deutsche Bank news (which is trading slightly higher) climbing back overt its 50 DMA @10,520. Mexican Peso has rallied close to its 50 DMA @ 188877 USD/MXN and is starting to get overbought. ​Gold held its … Continue reading
Daily Market Intelligence 10-5-16
FTSE…loves a weakening Pound. The long-term pattern here is mirroring the S&P 500 level @ 2132. I would expect some initial price rejection around this level, however the longer the FTSE stays up here the higher it can go. Trailing … Continue reading
Daily Market Intelligence 9-29-16
Daily Market Intelligence 9-22-16
There were many market participants looking for a rate rise shorting the Gold & Miners as a surrogate trade. I thought it was a good idea to buy the miners for a contrary-trend pop last Thursday mainly off the oversold … Continue reading
Gold…1345 is resistance and the closing upside pivot. Oil…bouncing between the matrix levels. 30 yr. Bonds…(Sept.) resistance and the closing upside pivot is 172.22. 2 closes under 170.19 is needed for lower. SHCOMP attracted buyers last night with a daily … Continue reading
Daily Market Intelligence 9-2-16
Daily Market Intelligence 9-1-16
Daily Market Intelligence 8-31-16