Daily Market Intelligence 1-31-20
I have nothing to add this A.M.
I’m out the door shortly for a business trip. Provided the flight goes, I will not be writing tomorrow. I’m trading to make money so I’m checking out of my trades before I go. Long term traders that bought should … Continue reading
Stocks… VIX…is flirting with the 200 DMA again @ 14.66 Bonds … 30 Yr. Bonds..(H)…price action under 144.00 can lead to another 2 points of downside FX… EUR/AUD…144.23 is the lower end of the recent range. This is support … Continue reading
SELL 30% of Long DXJ @ the market! It’s right up at the 50 DMA. I want to lock in a little money. Those of you who just want to keep them strapped on should use a stop below 50.
SELL 2 USAZ @ the market!
Sell 4 JYAZ4 @ the market! I’m trying a Yen short here with a very tight stop for a nibbler at a Risk on bias. There is not a good stop to use in the Equity indices, however there is … Continue reading
Grains Soybeans are attempting an ORH day with a close over 9.902. A close over $10 could signal a good short covering rally. JJG…needs a close over 35.45 for a similar pattern. OIL…93.13 is short term trend resistance and the … Continue reading
SSO…I’m looking for this to trade up to 114.50 for a start. Closing over 115.50 is very Bullish. Spu’s…a close in the all session mini’s (EPU) over 1925.75 puts in an ORH day off a very oversold market. Look for … Continue reading