Micron (MU) is leading this A.M. 54.30 is the low risk buy zone. Euro put in an oversold bounce. It will still take closes over 118.35 to signal more. I’m expecting the Equity Indices to grind higher. Be patient for … Continue reading
What’s Next? Our current view of the market condition is that it remains a tactical, short-term event driven market. Our long-term risk models indicate that after three months of sideways action, it continues to be a corrective move vs. … Continue reading
Daily Market Intelligence 4-20-18
MU..Micron is putting in bottoming action with an ORH pattern. Buy this with a 52.70 closing stop. The market acts well.
Micron led the Chips up as the Transports get shunned with Trump bluster. The Names will be the better trade today. Big rallies to fill gaps from yesterday’s close in Indices and names. Trade to make money!!! Board is a … Continue reading
Last night’s Globex low in the Indices is support. Indices must close above these levels to avoid another trip to the cellar over the next few weeks. So far the technical levels have held. MU…looks to retest 46.98,January 2018 high, … Continue reading
The day is young. More two way trading. Lots of initial rallies to nowhere. If the technical model is to try and turn up, today needs to be the low. DJI came close to it’s 200 DMA on LOD and … Continue reading
Daily Market Intelligence 3-26-18
Let the day set up. I’ve looked at 3 separate Bond charts. They all look different , therefore there is no clear road map. I’m a seller of Spu’s @ unchanged on the year ( 2668.25) the first time up. … Continue reading
Daily Market Intelligence 3-16-18