Dog Day Afternoon There is nothing going on in the Index world. KIWI got crushed last night against the Euro & Aussie. RBNZ news The early session has been getting going later due to junior traders manning the desks as … Continue reading
Banks will be on the menu this A.M. with the break in the Bonds. BAC after trading to its 200 DMA yesterday is a low risk candidate, using the 200 DMA @ 28.70 for risk management. Many energy names all … Continue reading
The only overnight price action of interest is Aussie,Kiwi and Gold strength. ALNY..is up 18% in pre market on positive trial reports. Time frame trading.
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
Oil…sustained price action below 48.50 is needed for lower NZD/USD…Kiwi is trading right on its 200 DMA @ 71.08. What is more interesting is the Monthly ORH working. Maintaining over 70.56, the monthly ORH #,is needed for follow through. … Continue reading
Daily Market Intelligence 5-25-17
Today’s App currency forwards. Euro…June Futures is trading App +49 ticks to cash Swiss Franc..June Futures is trading App +54 ticks to cash British Pound..June Futures is trading App +29 ticks to cash Aussie…June Futures is trading App -14 ticks … Continue reading
The overnight action was confined to the Aussie & Kiwi being bought against the Yen & Euro. AUD/USD…is trading at its 200 DMA @ 72.54. I’m looking for this to stall out just shy of 73.00 cents where it would … Continue reading
Stocks… Nasd 100…ORH pattern with follow through. Nasd 100…Pit Weekly…the gap starts @ 4519.50 which matches up with the first swing count target @ 4517. This is an exit zone the first time up. SPU with 30 Bond overlay…I’m … Continue reading
30 Yr. …mind the gap…165.20 is the bottom and is an exit zone the first time up. TLT…Lines up just a smidge over 131. A lot of risk assets are expecting a dovish Yellen. FANG stocks and the KIWI have … Continue reading