Daily Market Intelligence 12-6-17
Daily Market Intelligence 12-5-17
Long Dow Jones names/Short Nasdaq 100 The spread has a long way to go. The spread says the shorts aren’t going to get a lot of love fighting the positive capital flow into Dow names DJI/Nasd 100..daily … Continue reading
The Financial names are up 2%. Goldman is within striking distance of its 2017 high @ 255. Spu’s…the long-term Point & Figure shows that a move into the 2620’s or low 30’s should be viewed as another buying opportunity with … Continue reading
You’ve got the reversal in the Spu’s. Not looking to pick a low but it has done enough damage for now. DEC 30 yr. Futures finally hit the level I’ve been waiting for the past 2 months and gave you … Continue reading
Spu’s are trading basically where they opened up yesterday in the mid 2630’s. The long-term 50X3 P&F has not had a 50 point reversal since 2437. 200+ points. The medium-term 25X3 P&F completed a reversal a few minutes ago. … Continue reading
It’s the last trading day of the month with a risk on board. Nasd 100…6291 is the weekly meltdown #. Above its ok/ below more profit taking Spu’s …the very short term Point & Figure shows a double top @ … Continue reading
Daily Market Intelligence 11-30-17
Dow Dow and more Dow. DJI/Nasd 100 is close to confirming more upside. This is a big rotation with profits being booked in Tech. IYT had a big hold at its 50 DMA this A.M. It will take closes over … Continue reading
World Bourses are grinding sideways to higher. I opened a technical report this A.M. from a source that sends to hedge funds reiterating their sell recommendation for the Nasdaq with a 100 point stop looking for a 10% correction. The … Continue reading