Oil..might be one of the few instruments that is trad-able before the FOMC release. Point & Figure resistance is @ 48.90. Nasd 100..June is trading @ a 4 point premium to March. 5400 is last weeks high in March. Sustained … Continue reading
Oil…this will take into the U.S. session to set up. It’s trying to relieve its oversold condition. Nasd 100…March is still the lead month until Friday. 5400 is a potential top level. The Bond market is getting over sold. This … Continue reading
Daily Market Intelligence 3-14-17
Spu’s…just put in their first reversal in 375 points. It would now take all new closing strength above 2393 for a new leg up. This has to breathe. Nasd 100…the longer term P&F shows better support closer to 5319. … Continue reading
Spu’s… Nasd 100… Longs will be chasing this A.M. Look to the Midcap and Russell for opportunity. They are lagging the other two Indices.
Daily Market Intelligence 2-27-17
Daily Market Intelligence 2-24-17
Nasd 100… is putting in a potential ORL day Spu’s…need a close under 2355.80
Daily Market Intelligence 2-22-17
After a quiet weekend with the U.S. Indices trading higher, London came in with a Risk On bias buying Dollars, selling Treasuries and precious metals. Oil has traded above its recent range to test the DEC 16/16 high @ 54.51. … Continue reading