Daily Market Intelligence 5-25-17
Daily Market Intelligence 5-23-17
Daily Market Intelligence 5-22-17
To be clear …It’s Friday! 2379 is an important technical area. I got off selling the # for more than a couple handle wiggle. If you sold here do not give it much more than a handle or two. It’s … Continue reading
Nasd 100…FANG names are attracting the new buying. A close over 5636 keeps the Nasdaq in a Risk On footing. Spu’s…need a close over 2379 to keep the weekly pattern intact. The later it gets in the day the greater … Continue reading
Nasd 100..looks to go and retest 5636 it’s weekly ORL #. This is where the rubber meets the road. GS & URI are a couple names that have probed near their 200 DMA’s and are finding bids. Spu’s …2365 is … Continue reading
Daily Market Intelligence 5-18-17
Consumer Staples…Buy Signals KHC SYY STZ Financials… PGR trv Utilities NRG The names that are attracting buying are all defensive as one would expect. PIT Gaps have been filled in the Nasd 100 @ 5995.50 Spus @ 2357.70 … Continue reading
Time Frame Trading. It’s a wait and see for the afternoon session to see if this direction can abate. With the VIX trading around its 200 DMA pressing shorts is a risky proposition. GOOGL…947.39 is the Monthly ORL # with … Continue reading
Nasd 100… put in a reversal last night. Crude..is putting in a flag formation going into Inventories this A.M. Sustained price action over 49 is needed to print the 50 DMA @ 49.71 Spu/Bond …corrected to its 50 DMA in … Continue reading