Daily Market Intelligence 10-10-16
Daily Market Intelligence 9-27-16
Stocks… CMG…this is where the day traders are playing. 516 83 will be pivotal. Anything into 500 can trap shorts. GOOGL…weakens below 760. AMZN…weakens below 660. Spu’s…weaken under 2064. Nikkei…breaks down under 19,380. December Futures expire Thursday. Bonds… Bund…the Dec … Continue reading
After today’s action I’ve now gotten buy signals in the SPC cash Nasd 100 Futures, Russell,Nikkei,FTSE & DAX. Nothing doing yet in the ASX or the Midcap 400. These signals simply tell us it’s time to buy the hard breaks … Continue reading
Stocks… IWM…put in an ORL month. Russell continues to be the dog with fleas. 107.44 is the next set of macro sell stops. If these get elected look for another 8% down. SPU’s…sustained price action and a close under 1954 … 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
Stocks… Spu’s….2000 is a natural big level # where it would be imprudent to over trade. It is more a psychological level than a technical boundary. Depending upon where you like to take your swing counts from the 2020’s is … Continue reading
BUY IWM @ 115.25 Stop On Close. A price print of 115.25 or higher elects a market order to buy. Today’s low was the 200 DMA. The Risk on the trade is app 1 1/2 % from here. I’m buying … Continue reading
Stocks… Midcap 400…140420 is the 50 DMA. I’m focused on this level to run the Indices today. MVV…69.16 is the corresponding level in the ETF DAX…9115 is support. 9390 is resistance and the upside closing pivot. Bonds 30 Yr. … Continue reading
IWM…120.58 is the all time high. This is a caution zone for Bulls, not a level to keep buying without some more price action. Spu’s…1968-70 is resistance and the upside closing pivot. MSTR…breaks out of it’s consolidation phase with a … Continue reading