Daily Market Intelligence 9:29:21
Energy, Chips, Financials and reopening names were in play. KRE is attempting an ORH month. So are some of the names. Copper miners played out well from Friday. FXI & KWEB put in ORH days. Watching for follow through since … Continue reading
Gap trading Spoo Pit…4406-4411.50 E-Mini rollover gap 4418-4459 Nasd Pit….15,227-15,276.25 Nasd Mini’s rollover gap 15,338.25-15,474 The clouds on the 25X3 Point & Figures look different on the daily vs active daily Resistance will be at the bottom of a gap … Continue reading
Indices still have small Pit gaps and bigger rollover gaps. Powell spoke. Our views (The Fed) and insider trading are for us to know and none of your business. You either vote the party line or you will be put … Continue reading
Evergrande coupon announcement stopped the Index slide last night. Platinum and Copper have rebounded into resistance. Given Powell’s propensity to throw fuel on the fire, best keep an eye to the upside today.
Daily Market Intelligence 9:21:21
Daily Market Intelligence 9:13:21
Spoo stopped in no particular place other than into mvg average support. Same for Nasd. Dow Futures held its 50 DMA, which I find more compelling for risk management. Gold is gaining on Platinum. Maybe a sign of weakening industrial … Continue reading
Indices are trading in an upper area. Spoo…4510-4542.I would not fade an upper breakout. China names extended with CQQQ approaching resistance. Risk spreads are sideways. For those that bought Friday puts for a mid-week shuffle back and fill, it’s not … Continue reading
Late day we took a small flyer on some puts in the QQQ for Friday just because it’s Wednesday. We chose the Puts so its a pass line bet. You either win or you lose the premium, but the loss … Continue reading