Daily Market Intelligence 7:23:21
Daily Market Intelligence 7:16:21
Mid week shuffle!!!! The game is afoot across many assets. Spoo…looking for a 4337.50 print for a reversal on the 50X3 25X3 shows that 4350 is not the place to initiate a short. Let the market do the work. 30 … Continue reading
Mid-Week Shuffle strikes back. Spoo…4275 needed for a reversal on the 100X3 Looking at Spoo/Bond on a weekly the low is descent. Spoo will need to bottom and rally to 4325 for a tradable low. Nasd is into some initial … Continue reading
There is lots to discuss after the long weekend. Rosenberg and Bookvar had a discussion posted on Real Vision that needs a very deep look. Spoo’s have gone vertical for 185 points without a 25 point back and fill. Even … Continue reading
Gold and the breakfast club (Grains) have a bid along with the Dollar. Spoo will need a close under 4286 for a high to be in place. Time frame trading and don’t fade the late flow.
It’s a commodity led morning. Oil is trading @ its .618 of the life of Oil. No buying strength into the level. Soybeans have completed a 50% retrace of the break. Be patient. Silver is leading the precious metals, with … Continue reading
Rouble and the Peso stick out in FX land. DXJ, hedged Japan, shows up on pattern recognition. I will review after the opening. Gold has been maintaining against the 30 yr. Bond, Rouble & Peso. Silver keeps closing above its … Continue reading
Spoo’s got hit Friday on Jens Weidmann comments that ECB should start to taper. Typically, indices see a lot of range trading into month end. May Spoo made a wiggle down towards its Pit Gap and opened higher in the … Continue reading
Daily Market Intelligence 6:21:21