5706.75 is today’s ORL #. Closing below 5706.75 would have me targeting the 50 DMA again @ 5624 The Algos took a peek. We still need to see a close below this level to change sentiment. The last … Continue reading
EWP,EWC,GDXJ need to be monitored for potential topping pattern. MLM is putting in a negative pattern however it would take a close below 229 for a more profit taking. QID…place a 16.72 Stop GTC. (Good Until Canceled) Add 25% more … Continue reading
Still watching this instrument. As long as it remains above the opening range it worth keeping on the books as insurance. In fact a higher close today should have you adding to this position. Nasd/Bonds are trading at its 50 … Continue reading
Daily Market Intelligence 6-14-17
I thought it worth a go for the 15-20 cents to articulate a Nasd 100 short Via the ETF. First it has a defined out where the Futures were already trading 20+ points below the breakdown level . What compelled … Continue reading
Time to buy QID the Ultra short Nasd 100 ETF After a retest and a rejection of the weekly Nasd 100 ORL pattern time to give it a go Use a stop below today’s low @ 16.80
5763.75 is the weekly reversal # in Nasd 100. We just came close enough matching the Spu’s against the target of 2440. Bulls need to see closes over these levels to extend. Many of the big cap tech names are … Continue reading
Daily Market Intelligence 6-13-17
GBP/JPY…138.93 is today’s 200DMA. The short side of the Pound should stall into this level the first time down. Nasd 100…5623 is weekly closing momentum line that has been holding since December. GOOGL… the gap is 920.53-893.96. This … Continue reading
Daily Market Intelligence 6-12-17