Daily Market Intelligence 3:18:21
Bored, Boring and waiting. I’ll dispense with the usual chart package tonight and leave with today’s discussion. Thank you Yra and Michael Hwung for the thought provoking conversation. https://youtu.be/IFCyfBodFdI
Nasd 100 is back @ its 50 DMA and the top of the cloud on the 200X3. This simply says that buying early strength will be problematic. The rotation back into tech and out of Dow,Russell and Spoo, matches up … Continue reading
Daily Market Intelligence 3:16:21
Give it a chance to set up today. The bigger game is later in the week with FED on Wednesday. (H) March 30 yr. has an overhead gap @ 158.12-159.00
Spoo’s went to yesterday’s pit gap @3916.25-3919 March. I still need to se it fill during the New York session. Negative price action would have the Spoo open below the gap and not fill to the upside today. Given the … Continue reading
Daily Market Intelligence 3:12:21
Italian debt has filled its rollover gap. The Bunds have more room. Central banks and nations are pumping money making selling a rally in the U.S. bonds a better endeavor after ECB or noon U.S. auctions. When Bonds rally so … Continue reading
I’m looking for a back and forth off the hourlies in the Indices. Nasd 100 missed putting in a reversal on the 200X3 last night by 3 points. Typical in an Algo driven world! Bitcoin is close to oscillator resistance.
Daily Market Intelligence 3:10:21