Daily Market Intelligence 6-7-16
It’s going to be a commodity summer! If you’re not in the JJG or the Grain Futures concentrate on the related names. Wheat… AGU…95.30 is weekly resistance. POT… cloud resistance has come up a little to 17.35. MOS…Buy the next … Continue reading
Another break to nowhere in the Oil. I’d like to get some bought for a bounce near 46.65 risking 25 cents. Sustained price action over 48.50 leaves way to old resistance @ 49.40-62. I love Pot and MOS is showing … Continue reading
AAPL…@ 121.88 is trading @ it’s 200 DMA. MSFT…is not breaking. 30 Yr. Bonds…155.15 is the ADC 200 DMA. Further weakness under 155.10 is needed for further Dollar buying. The Bonds will drive the banks and the dollar. MON,MOS & … Continue reading
Stocks… EWG…needs to maintain and close above 28.03 by the end of the week for higher. EWP…closing and maintaining over 35.50 is the upside breakout for Spain. As long as this ETF holds 34.75 things are looking up. EWZ…47.95 is … Continue reading
JJG…as long as this maintains above 51.40 this formation is positive. A close over 53 will lead to a rally towards 54.40. CORN (FUND)…this is a weekly trend line break out above 41.70 going back to last August. CN…(July Corn … Continue reading
Hal…Halliburton is looking up. The real stop on this stock is 39.50, however we think you can manage a long against 41.60. This is trying to break out on a monthly chart by remaining over 42. SLB…This is good as … Continue reading
MON…95.23 is the ORL # with stops below MOS…56.63 is the must hold level, otherwise you‘re looking at another buck down. POT…a close below 40.69 would be negative. ADM…has rejected the 200 day@ 28.63. Closing under 28.05 would be negative … Continue reading
Nasd 100 Futures…a close above 2775 will have us close out our Long QID trade. This can still trade the 2839 Fib level. Spu’s…needs price action & closes back under 1400 to be negative. 30 Yr. Bonds…need some sustained action … Continue reading
The game for the next 2 weeks is going to find low risk Alpha. “Find the names where you can codify your risk ” ( Have a defined stop) and see if you can ride the capital flow trade into … Continue reading