Daily Market Intelligence 6-20-16
Nikkei & Dax have led the Indices lower. DAX…9840 is first cloud support. I will be still be quoting June prices in the Indices until next Tuesday. AAPL is trading lower and price action and a close below 98.50 will … Continue reading
We’re starting to see some profit taking in the Grain complex. How far it goes remains to be seen. Just mind your risk.
The Equity indices are grinding higher with the Equity/Bond spread running out of downside momentum. The Spu’s can grind up and run the short term pattern buy stops above 2105. I have no interest in shorting indices unless its at … Continue reading
Daily Market Intelligence 6-6-16
Daily Market Intelligence 5-31-16
BHP is leading the miners for the past 2 days. I took a look yesterday but was sanguine the precious metals. Some asked about reloading on Long NUGT which didn’t jive at the time with my view that Equities would … Continue reading
Daily Market Intelligence 5-26-16
30 yr. 164.02 is right into mvg avg support. I think this flow is over. AMZN & GOOGL held their respective opening ranges providing the catalyst for a short covering rally in the Indices. The next few hours will be … Continue reading