Spu’s…2150.50 will be today’s focal point on breaks. Nasd 100..4583.50 is the same level. Above these #’s the Indices remain bid. U.S. Banking names are all up with JPM earnings leading the rally. Gold…1328.10 is today’s ORL # BOE left … Continue reading
30 yr. Bonds…weekly sell stops are @ 173.24. This will be a big inflection level the rest of the week since it’s the weekly ORL#. The long term Point & Figure will need a print just shy of 173.00 for … Continue reading
Daily Market Intelligence 7-12-16TM
Daily Market Intelligence 7-8-16
The beat goes on with a mid-week extreme in the Bonds & Spu’s. 30 yr….175.06 is today’s Pit ORL# Bund… 167.23 is today’s ORL# Gold has hit targets on a mid-week extreme. I’d expect some back and fill before Friday … Continue reading
The main feature this A.M. is the strength of the Long end of the U.S. curve, matching the strength in Gold and Silver. Silver is leading on the spreads in the precious metals complex which is a bullish indicator. The … Continue reading
The early trade in Equities will be run by the U.S. banks which all fared well in the FED stress tests. Many are announcing share buybacks which led to the pop in U.S. futures after the Pit close yesterday.The U.S. … Continue reading
Welcome to the Mid-Week Shuffle DAX…9750 is resistance and the upside closing pivot. Spu’s..the bigger swing Fibs come in @ 2050. I don’t think you’ll get quite that high today. Spu’s are basically unchanged on the year. Gold…it would take … Continue reading