The world is trading off the Italian 10’s FBTP led the rally in Gold & Currencies and now the break. Spoo’s have put in a short term reversal on the 25X3 50X3 tops with a 2960 print. Nasd 100 Globex … Continue reading
Oil rally has not yet turned the very long-term 100X3 P&F up to confirm this weeks low as an interim bottom.Oil is trading unchanged on the week. The 25X3 Point & Figure shows it will take sustained price action above … Continue reading
Rotation out of FANG names into Insurers, Banks Industrial and Transports. Midcap has an ORH working along with the XLI & IYT. Amazon hit its first downside objective @ 1704 Resource plays abound with Russia, India ” which had negative … Continue reading
The early show was run by AMZN running its daily ORL stops and holding. Oil ran it’s weekly stops @ 62.99 bottoming at its 50 WMA. Above 63 late day will be supportive of the Indices. Energy names have blown … Continue reading
Long Cron 22.5 H15 Calls @ $1.13 LONG VIPS @ 7.74 Big rotation in to China led by YY this A.M. China ETF’s are on the move. Midcap Russell It’s a big name game. Midcap and Russell are being sold … Continue reading
Spu’s 2783 is the daily ORL DJI,Russell & Midcap have elected the ORL stops and are not rebounding. V,MA pretty much everything has wet the bed. Not looking to be long anything. FYI I sold ROKU and I can hear … Continue reading
Indices were sloppy last night with one pop after GLOBEX reopened. The lows in Nasd and Spu were as good as any. Russell and Midcap are teetering on Mvg averages. Looking for a two way trade. It’s Wednesday.
Daily Market Intelligence 2-27-19
Lots of politics on our plate for the week leading into hopeful outcomes from world leaders at G20 Friday. Spanish and Italian debt futures are in rally mode. (Risk On) Oil put in a lower low by a few ticks … Continue reading
Indices are range bound. Pot stocks..Oops..exited a little early. Russell & Midcap are trying to find a bottom. Nasd 100 low was its 200 DMA again last night. Patiently watching the show for opportunity