It’s money for nothing day. Mid-Week Shuffle in a Bull equity market with an FOMC kicker. Wednesday rules apply. SNOW is a much anticipated IPO. Nasd 100 has retested it’s weekly breakdown level. The spread will need to maintain above … Continue reading
Good China data fueled overnight trade. Gold filled out it’s 100X3 to the top of value. Gold following through against the 30 Yr. Bonds, Euro & Yuan. Nasd 100…11,528 is the weekly point of control basis Sept. The level should … Continue reading
Daily Market Intelligence 9-14-20
Daily Market Intelligence 9-11-20
Daily Market Intelligence 9-10-20
Instruments are responding to their respective 50 DMA’s Last night it was Spoo & Nasd/Bond. Mini-Dow/Bond held its 200 DMA. Spoo would need a print into the high 80’s for a reversal on the 100X3 I put in the Fibs … Continue reading
Daily Market Intelligence 9-9-20
European Debt Expirations Day of the 50 DMA’s Gold, Suisse, EUR/CAD, USD/JPY, GOOGL, NFLX, SMH to name a few. If an instrument hasn’t already retested its 50 DMA, many want to. USD/CNY..trading @ 200 WMA VIX…holding above its 200 DMA … Continue reading
Spoo’s…3437.50 is the reversal # for the 50X3 matching Langer’s 70 RSI level. Pit Gap…3409.50-3396.25 Upside..3492 is the 200 hourly mvg average.Spoo/Nasd has farther to go. APPLE will be key in today’s action. Currently gapping a gap. The gap area … Continue reading
Daily Market Intelligence 9-4-20