Here we are gaping gaps. Spu’s…2700-2703.50 is the lower gap. There will be resting sell stops @ the level since this is also the weekly ORL#. The long-term P&F will see a reversal with a 2696 print. Chartists would like … Continue reading
Daily Market Intelligence 5-15-18
Dollar profit taking is having its way with Oil and the associated names. GOOGL..1117 is resistance and the bottom of the gap. MELI ..can reject anywhere into 325 the first time up.
What’s Next? Our current view of the market condition is that it remains a tactical, short-term event driven market. Our long-term risk models indicate that after three months of sideways action, it continues to be a corrective move vs. … Continue reading
Daily Market Intelligence 5-2-18
Sell the earnings pop should be a theme the rest of the week. GOOGL is down 90 dollars from yesterday’s high @ its 200 DMA. Energy is the sector that remains firm. I would not chase this nor would I … Continue reading
Daily Market Intelligence 4-24-18
30 yr. Bonds are trading at the levels from the last FOMC meeting. May 2 is the next meeting. Be patient for rallies. Risk spreads are firm led by the Bond break, not Equity Strength. Metals and the Dollar are … Continue reading
Daily Market Intelligence 4-20-18
Daily Market Intelligence 4-18-18