GOOGL,AAPL, SMH Nasd/Bond, Spoo/Bond now showing ORH week Spoo has a short term level of 3146.50 to work through. It’s Friday in a raging bull and the Shorts are being fully irrigated. If you don’t own it don’t sell it!! … Continue reading
Daily Market Intelligence 12-6-19
Mid-Week Shuffle is in Full on swing. Nasd 100 above its weekly ORL #. Spoo…3116.50 is the # which lines up with the reversal level for the 50X3 PNF chart. Wednesday Rules apply today. I’ll go over the strategies in … Continue reading
Expect more news driven trading as insults and accusations are the order of the day @ NATO. Judd’s room will open late, closer to 12:00 CDT Risk spreads are rolling over. Spoo’s & Nasd 100 Futures have come into levels … Continue reading
Spoo’s..daily sell stops are @ 3139.50. This is the level that needs to be closed under for first signs a topping pattern. Nasd 100…need only sustain price lower on the day/month to start losing momentum. The Bond sell off started … Continue reading
Spoo’s filled out its move on the 25X3. The PNF shown is less granular than the one I usually use. The picture simply says do not buy strength and let the market do the work. Nasd 100 has yet to … Continue reading
Suisse,Yuan & Canadian dollar were all signaling Risk Off. Gold broke into Support. Still no standout signal against the currencies for a long. I’m focused on the Nasd/Bonds. The game will be the weekly Pit Gap. Short-Term traders..the only level you should … Continue reading
He said she said overnight algo driven action. Nothing stands out. Nasd/Bond Pit (U.S. session) is the my pick for the chart of consequence. Yesterday the weekly gap picked off the Low in the Nasd Futures which matched up nicely … Continue reading
It’s not the high in the Indices. I might as well just say it before everyone asks when the room is open. The most I’d expect is a small back and fill to 8345.75 Nasd. The Risk spreads are lagging … Continue reading