Daily Market Intelligence 2-8-19
Risk spreads are @ new all time highs. Investors will likely keep the Bonds under pressure into the expected Fed rate rise tomorrow afternoon. 30 Yr. Futures…137.30 should be a descent bounce level. Amazon was upgraded with a 2300 PT … Continue reading
The board has shrugged off yesterday’s increased China Tariffs. What’s left to slap tariffs on? Spu’s now need all new strength over 2907 to turn up. Pot stocks are all higher. Nikkei is the best acting Bourse
Trade the rotation MOS,FLR AGU, POT SQ Square anything into 40 is a place to pay for your trade. 41 starts mvg avg resistance 30 Yr. Bonds…no top picking until late tomorrow morning. FLR… … Continue reading
Dow names have been leading again today. Natgas names should remain strong into this afternoons Futures expiration. Agri names BUNGE, AGU, POT & MOS have been bought on today’s rotation. SQUARE could rebound as high as 44.50, its momentum breakdown … Continue reading
Full MOON Sunday Night. Daylight Savings in the U.S. this weekend. London does not change their clocks until later in the month. A hot payrolls # is expected. Spu’s..cloud momentum comes in @ 2377.50 (H) It would take sustained price … Continue reading
AGU & POT have had big rips above their 200 DMA’s They’ve both just hit mvg avg resistance. I would not be looking for more follow through at this time.
The Agri names have a bit of a bid. POT & AGU have sold off the most and are now trading at their respective 200 DMA’s SMH …is going sideways. This could take up leadership. Gold..looks sick. Pending a … Continue reading
Agri names have caught a bid this A.M. with POT,MON,BG, & AGU at or showing Outside reversal Higher days. In my opinion none of these names are worth the chase without another day or two of price action. There is … Continue reading
The board is having a small sell-off with record low volatility. Portfolio insurance is historically cheap. Its cheap going through the election. OIL…sustained price action under 46.62 ( today’s ORL#) will keep the entire energy complex at bay. POT & … Continue reading