Daily Market Intelligence 9:15:21
Spoo stopped in no particular place other than into mvg average support. Same for Nasd. Dow Futures held its 50 DMA, which I find more compelling for risk management. Gold is gaining on Platinum. Maybe a sign of weakening industrial … Continue reading
Late day we took a small flyer on some puts in the QQQ for Friday just because it’s Wednesday. We chose the Puts so its a pass line bet. You either win or you lose the premium, but the loss … Continue reading
Debt instruments on both sides of the pond have rolled to December. I do not follow the December contract for another couple of weeks in the U.S. Having the wrong month will give you an erroneous view of the spreads. … Continue reading
Russell Napier and Yra https://youtu.be/qr5s-9BJGGY Gold rallied to the scene of the crime. I have no trading bias. Spoo/Bond has not backed off. Russell; looking at the Matrix # for upside bias. The less you do the happier you’ll be!
We spent some time in the room speaking about Gold and the Equity rotation ahead of tomorrow’s inflation data. Follow the Bonds early. Higher Yields will hit the Gold and provide a further bounce in the Dollar. Euro… use 116.00 … Continue reading
Daily Market Intelligence 7:30:21
China steps in last night to add liquidity. Yuan and names rallied and so did the related Yuan commodity trades. Gold…December (Z) is front month, trading app + $5 over August. Yuan…6.4609 is the weekly ORL. Yuan has elected its … Continue reading
Daily Market Intelligence 7:28:21
Spoo…4363.25 is the pit gap and support. Potential double top on the Point & Figures. Nasd 100…15K will be pivotal GoldinEuro got hung up last night at the top of the cloud. Indices ran weekly ORH buy stops against the … Continue reading