Look for a couple of flows today. The first into London’s close and the second will revolve around the late afternoon options markings. Spu’s would need under 2650 and Nasd 100 under 6390 for downside. IYT…is lower on the back … Continue reading
Daily_Market_Intelligence_12_15_17
Transports are a drag. Spu medium term Point & Figure put in a reversal. It doesn’t have to do anymore damage than what has already transpired. Spu’s…25X3 Point & Figure IYT…
Daily Market Intelligence 11-30-17
Dow Dow and more Dow. DJI/Nasd 100 is close to confirming more upside. This is a big rotation with profits being booked in Tech. IYT had a big hold at its 50 DMA this A.M. It will take closes over … Continue reading
Daily Market Intelligence 11-16-17
European bourses did not get to the low risk buy levels. I can make a case that there isn’t much downside left.U.S….It all about the rotation.XLY Consumer Discretionary & XLB Materials are trying to bottom. TSLA…316.50 fills its daily gap. … Continue reading
Oil has tried it both ways. Today’s ORL # is 56.83. The early low was one of those scene of the crime #’s I like to talk about that produced the bounce. Closing below today’s low would have me saying … Continue reading
Daily Market Intelligence 11-3-17
Euro…117.52 is today’s ORL # and Cloud breakdown level. By remaining below you’ll also trigger an ORH in the Dollar Index. Euro did not give me my sell level. U.S. Ten/Bund spread has been leading Dollar strength all A.M. IYT…Transports … Continue reading