Daily Market Intelligence 10-30-18
Rally to nowhere! Both the Spu & Nasd 100 just retested their respective Qtrly ORL #s. 2698.50 Spu 6987.50 Nasd 100 Until you see closes over these levels you don’t have a bottom. AMZN rejected its 200 DMA @ 1665 … Continue reading
Daily Market Intelligence 10-29-18
Daily Market Intelligence 10-26-18
Spu’s …so far the bounce was 5 points shy of putting in a reversal. I need to see a close over 2700 for stabilization. Nasd 100 could rally back to its 200 DMA @ 7077 on good AMZN earnings. AMZN…1678 … Continue reading
Daily Market Intelligence 10-25-18
My current bias would be to look for failed 30 + point rallies in the Spu’s to sell Selling weakness is not a good idea. Nasd 100 closing under 6987.50 is negative. Spus..that same # is 2698.50. Failing to hold … Continue reading
Spu’s Qtrly sell stops are @ 2698.50. I would look for these to get elected. Nasd 100 ran the stops before the 400 point rally Sustained and closing price action under those ORL levels will elect another big swing down. … Continue reading
Spu’s have retested their previous low. Spu/Bond is into potential cloud support and bounce level. Nasd 100 P&F has not put in a high probability low yet. There is no short covering at present. You’d typically start seeing those rallies … Continue reading
Daily Market Intelligence 10-23-18