Spu’s …so far the bounce was 5 points shy of putting in a reversal. I need to see a close over 2700 for stabilization. Nasd 100 could rally back to its 200 DMA @ 7077 on good AMZN earnings. AMZN…1678 … Continue reading
Daily Market Intelligence 8-31-18
Daily Market Intelligence 8-13-18
Italian 10 yr. Bonds are leading the worldwide bid in Treasury markets. Spu’s could retreat to as low as 2778 and not change the upward pattern in the short-term. The Mexican peso is stalling out @ its 200 DMA after … Continue reading
FBTPs’s…Italian 10 yr. Bonds had a relief rally to fill its gap from Thursday night. I featured this chart in the room Friday morning. I’ll review it again today and what it means for the Equity Indices. Today will be … Continue reading
We’ve witnessed some spectacular blow offs in Biotech and the Nasd 100 holds. The Italian 10 yr. rallied into resistance which is translating into some Dollar buying against the Euro. Home Depot, GOOGL,AMZN & AAPL, Visa, Mastercard and CME group … Continue reading
FBTPs’s…Italian 10 yr. Bonds had a relief rally to fill its gap from Thursday night. I featured this chart in the room Friday morning. I’ll review it again today and what it means for the Equity Indices. Today will be … Continue reading
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
DAX is closed today. Italian 10 yr. rates are in the forefront of today’s trading. German/Italian 10 yr. spreads are at a key qtrly closing level @ 119.55 Sustained and closing price action through this level should lead to additional … Continue reading
Italian 10 yr. debt is overnight story. Euro weakened. I took a look at the long-term P&F to add some color to the move. This shows Euro at a level that will take some work to get through. Let the … Continue reading