The Dollar is going to be King for a while responding to interest rate differentials. Euro failed. Grains: Everyone keeps asking me about the Grains. Wheat is a low Risk buy closer to $4.80 Soybeans and Corn need sustained and … Continue reading
Nasd 100 is probing into it’s Pit gap and 6 day Island top from March. Buy breaks not rallies until we get a couple of closes over the high of the gap. DJI…needs a couple of closes above 24,900 to … Continue reading
Daily Market Intelligence 4-2-18
Euro currently is respecting 114.50. I’ll need to see another close over the level to confirm more upside. Aussie & Kiwi reacted well to Chinese Data last night keeping them bid against the Euro. Grains…I’ll take a closer look over … Continue reading
June 30 Yr. Bonds…200 DMA is 156.10 today. I would not be looking for more upside today. Nasd 100 Pit gap is @ 5823 I would not be looking to add Risk today after reaching the Spu target. Grains are … Continue reading
Daily Market Intelligence 1-23-17
Daily Market Intelligence 8-18-16
SHCOMP…had a strong start to the week keeping Asia firm. Euro Stoxx 50…needs to maintain above 3034 its 200 DMA and today’s ORL # for higher. Grains look to have bottomed after holding Friday’s WADSE break. Soybeans need a couple … Continue reading
Soybeans are firm above 9.74 Corn needs sustained price action above 3.38 to gain upside momentum. Markets have had the general Friday-Monday Risk On follow through one would expect with the Yen crosses being bid. I’m paying particular attention to … Continue reading
Daily Market Intelligence 7-14-16