Trading will be a gap game today. Spoo Pit chart shows what we’re dealing with. First; would not be buying strength. Second: Spoo does not have to back off when we expect. Russell/Bond is retesting the breakdown from March. Be … Continue reading
Lagarde threw down the gauntlet yesterday for European Bond vigilantes daring them to test her resolve. ECB working on digital currency to be launched within 4 years. Nasd 100 is approaching it’s .618 Fib resistance. MU…Micron is leading the chips … Continue reading
Indices held last night. Spoo… the 50X3 shows a break to nowhere. 25X3 shows consolidation. Nasd held. Oil is neutral. Platinum has rolled to July(N) Gold has rolled to June (M) If you use an Active daily Continuation you should … Continue reading
Daily Market Intelligence 3:25:21
Daily Market Intelligence 3:24:21
Daily Market Intelligence 3:23:21
April Oil, 30 & 10 yr. Futures Algos are in lockstep; relief in rates and Nasd leads. The Indices will be a trade all week. Risk spreads are positive. Below is an important China article to digest. https://www.bloomberg.com/opinion/articles/2021-03-21/niall-ferguson-a-taiwan-crisis-may-end-the-american-empire
It’s been a long week. Crypto and its proxies held and look to go higher. UNH & Humana in health care are my favorites. Next week is the start of a big game that will take through month end to … Continue reading
Short-term traders; be patient and flexible. Long-term traders; while the breaks continue to hold I’m waiting confirmation from the risk spreads that yesterday was another aberration. 30 yr. Bond is taking a breath which will add some support to the … Continue reading
Daily Market Intelligence 3:19:21