Jackson Hole show starts @ 9 A.M. CDT. Today will set the tone for the final 2 trading days in August, The room had a large gathering late yesterday to discuss possible ramifications and potential price action. The most impactful … Continue reading
The names will be a better trade than the indices. Buy names like PYPL NVDA & AAPL on any weakness from Jackson Hole noise. NVDA..Weekly
If you’re short term trading today, Good Luck. It will be a Bot driven event. Euro…118.50 is resistance and the Point & Figure upside breakout level. Spu’s…Point & Figure medium-term resistance is @ 2459 ish. Sustained and closing price action … Continue reading
Daily Market Intelligence 8-25-16
Stocks… Spu’s….2000 is a natural big level # where it would be imprudent to over trade. It is more a psychological level than a technical boundary. Depending upon where you like to take your swing counts from the 2020’s is … Continue reading
Stocks… DAX…today’s resistance is 9378. Sustained action above should lead to a test of the 200 DMA @ 9500. DXJ…put in an ORH day on Abe new stimulus plan. 50.35-66 is short term resistance. Closing over this level tomorrow starts … Continue reading
The PAC boys and the rest of the vultures are circling Jackson Hole. This should be another day filled with something for everyone. Rumors and innuendo should keep trading lively all day. This market is a day traders paradise. Today … Continue reading
Day Traders… I am personally in no mood to bottom pick, however I would pay attention to the 1150 level in the Spu and 139.18 in the 30 Yr bonds to see if any contra trend trades are generated off those levels … Continue reading