Euro currently is respecting 114.50. I’ll need to see another close over the level to confirm more upside. Aussie & Kiwi reacted well to Chinese Data last night keeping them bid against the Euro. Grains…I’ll take a closer look over … Continue reading
Oil…sustained price action below 48.50 is needed for lower NZD/USD…Kiwi is trading right on its 200 DMA @ 71.08. What is more interesting is the Monthly ORH working. Maintaining over 70.56, the monthly ORH #,is needed for follow through. … Continue reading
Daily Market Intelligence 5-25-17
Daily Market Intelligence 11-23-16
Daily Market Intelligence 11-22-16
U.S. Ten Yr./Bund The rise is U.S. rates is taking a breather against the German 10’s. be careful where you sell the U.S. instruments given investors are position squaring ahead of the U.S. Holiday. December Oil futures expire today. … Continue reading
Daily Market Intelligence 10-5-16
Oil..this is back to a tale of two charts. 44.40-60 matrix # lines up with a daily 50 DMA, while a continuation chart shows the 50 DMA @ 45.57. Both levels are bounce zones. DE…Friday’s opening range trade winner needs … Continue reading
The overnight action was confined to the Aussie & Kiwi being bought against the Yen & Euro. AUD/USD…is trading at its 200 DMA @ 72.54. I’m looking for this to stall out just shy of 73.00 cents where it would … Continue reading
Stocks… Nasd 100…ORH pattern with follow through. Nasd 100…Pit Weekly…the gap starts @ 4519.50 which matches up with the first swing count target @ 4517. This is an exit zone the first time up. SPU with 30 Bond overlay…I’m … Continue reading