Tag Archives: ORL Patterns
The Late Show
ORL patterns DJI SPU SPU/BONDS which will confirm a near term high, taking the risk models to neutral with a sell the rally bias for the near term. SPU/Bonds complete the pattern by closing under its 50 DMA will seal … Continue reading
The Late Show
NASD 100,SPU,SPY,QQQ all have ORL daily patterns. The most concerning chart is NASD 100/Bond U.S. Pit session chart which shows the ORL pattern. This is of concern due to its proximity to the 2000 high in the spread, which it … Continue reading
The Late Show
The Mining ETF’s GDX & GDXJ showed signs of bottoming before Friday’s payroll low in the precious metals. They are showing signs of fatigue with ORL days working. SA,NEM,SBGL,AUY,AEM,HL & PAAS all show the same pattern. Early this A.M. I … Continue reading
Midday Missive
FTSE is attempting an ORL day. This could spill over into other Indices. Manage your risk the rest of the day. Markets will be thin.
A.M. Look 10/5/17
Risk spreads are going nowhere. Let the day unfold. AUD/JPY is putting in an ORL pattern. Support is 87.67, making further downside limited.
Nasd 100 Pattern Alert
Nasd 100..today’s Pit (U.S. Session) ORL# is 5427.25 The Globex ORL # is 5421 After making a new all time high in the early session the Mutual Fund buying has evaporated. Trade Accordingly
Pattern Alert!
Spu’s…having rejected its 50 DMA @ 2162 last night the pattern is looking ugly into the thinnest time of day. Spu’s need to close over 2143 to avert a daily ORL. Nasd 100…4844.50 is the ORL level. We’ve seen … Continue reading
Daily Market Intelligence 9/12/16
Daily Market Intelligence 9-12-16
The Late Show
DAX & Euro Stoxx have the most abysmal chart patterns with ORL’s. SAP…needs to hold 74.15 on a closing basis to help out Europe. As of now it’s showing a 6 day Island top. A 75.47 print is needed over … Continue reading
Crude…Pattern Alert!
Crude…a close below 77.47 puts in an ORL day. A test of the last low would then be in the cards.