Daily Market Intelligence 11-20-17
It’s Friday, the later in the day it gets the more scarce sellers will be. EUR/AUD…156.71 is monthly mvg avg resistance. Expect this cross to remain bid into the close, however it’s not worth getting involved at these levels. Spu’s … Continue reading
Chinese Internet names and U.S. tech will lead the rest of the year. From a technical standpoint, the gap higher openings followed by a retest of yesterday’s highs, is price positive. AAPL & JD Looking for alpha, this is the … Continue reading
Nasd 100 has destiny with 6380. More than likely it will get there late today. The board will need to breathe when it gets there. XLP…Consumer Staples are running again VGT…Vanguard … Continue reading
Spu’s retested the bottom of the recent range Europe remains weak against the U.S. Euro is not backing off the 117.50 level. The capital flow is still showing the buying of Euro against the other major currencies. I’m in no … Continue reading
30 Yr. Bonds…153.10 is today’s 200 DMA Nasd/Bonds are trading right on their oscillator. Nasd 100 Globex..today’s ORL# is 6281 where the resting sell stops are. I’ll need to see sustained and closing price action below 6272, today’s daily momentum … Continue reading
I am going neutral all Equity Indices in tonight’s DMI The risk spreads in the U.S. have not capitulated the way the European spreads have. With the FTSE & DAX trading below / @ their respective weekly ORL #’s, its … Continue reading
Daily Market Intelligence 11-10-17
Nikkei has been leading. It hit its target last night after completing a 50% retrace of the past 30 years. It now has a daily ORL pattern working. Spu’s…2579.75 is today’s all session ORL. Nasd 100…6301.50 is today’s all session … Continue reading
Daily Market Intelligence 11-6-17