Euro…113.32 is the 200 WMA Midcap 400 is the one U.S. Index that is still trading unchanged on the week. Amazon is just shy of a 30% retrace from the XMAS low. SOXX…is close to breaking down. SMH broke down … Continue reading
Oil is breaking out of its recent rang to the upside. AMD weekly ORH level is 22.03 The early show saw the MIDCAP and RUSSELL elect their respective ORL stops and reverse Trade the names off their own technicals. The … Continue reading
Amazon led early to test its 200 DMA. IBB elected the buy stops above its 200 DMA EXEL failed to extend as UNH hit its target @ 261. MSFT gaping above its 200 DMA seems to be the value trade. … Continue reading
Midcap & Russell have been bid all A.M. XRT, XLB & XLB are bid with Consumer Discretionary breaking out (XLY) GOOGL is bid above 1059 ROKU garnered more favor this A.M. as traders coming back bid up the name. It … Continue reading
Chips are getting mauled. There will be no help from retail. AAPL will gap down electing qtrly sell stops on the opening. It will take recovery over 183.42 and a close over 185 to stabilize. Spu’s will need 24 points … Continue reading
Daily Market Intelligence 7-31-18
Spu’s & Nasd 100 put in lower lows from Friday. Spu’s failed to get low enough to put in a reversal on the long-term P&F. Spu/Bonds held the short-term averages. Spu’s & Dji are strong against the Nasd 100, Midcap … Continue reading
Short-term traders…the only thing you can do today is get yourself into trouble. Spu’s are 20 points either side of nowhere. Midcap & Russell have been outperforming the S&P & Dow. Price action has been compressing. Late day U.S. Equity … Continue reading
Daily Market Intelligence 5-15-18
Hey Bubba ..Tweet me up. DJI,XLF, IWM MidCap et al. are @ their 200 DMA’s. IYT just above. XLU..ORl day. Spu…gapĀ 2517.70-80 is the next gap. The Spu/Bond spread hits it 200 DMA closer to 2500 Futures Spu’s… DJI…