There is nothing to do until the NYSE opens. The day will revolve around the Healthcare vote. A pass and the markets will rally as sentiment will be that Trump can pass his agenda. Euro…we’ve been up @ 108.25 … Continue reading
As far as looking at something for Risk off, it’s the Gold Spreads vs the Currencies. GDXJ has held it’s 200 DMA on today’s low.You have defined risk at today’s low. Gold is back above its 200DMA against the Euro … Continue reading
Daily Market Intelligence 10-14-16
Daily Market Intelligence 10-11-16
Daily Market Intelligence 9-22-16
Lawyers,Guns & Money Hunting season is upon up us. All those Packer fans can ammo up and bag one on the way to Lambeau Field. Of the two patterns Ruger shows the most promise and definable risk. If you want … Continue reading
With a Risk On board the wheels are coming off several trades. Yen…is trying to top after retesting 97.00 Futures. Lower yen is typically Risk ON. GC/EURO GC/Swiss Franc.. I’m a little surprised that the Oil is not higher. … Continue reading
Gold/Euro..is breaking out of it’s 1 year range. The Fib extensions give you an idea of how far this can run. Caution back below 11646. EUR/JPY…Is getting close to fulfilling major multi yr. fib extensions @ 115.09 with 111.46 being … Continue reading
Daily Market Intelligence 5-31-16
The board should stay Risk Off through London’s close. 30 yr. Bonds…are now at levels which is an exit zone for longs, however closing over this area will be very negative equities Long Gold/Short Euro…is moving to new yearly highs. … Continue reading