Perceived quality debt was the theme last night after a bout of profit taking in China. Swiss 10’s, U.S. 30 followed by Bunds. 30 yr. 182.15 on up starts resistance. Yen perked up. Follow the yellow brick Road. Texas … Continue reading
The world is seemingly trading off SHCOMP. The move has been vertical. Early strength followed by profit taking. The Qtly shows this Index still well below 2018 high. The Dollar traded with the Indices. The Aussie keeps me from selling … Continue reading
U.S. Indices have completed this swing to the top of value. This matches up with names like Amazon and other big cap tech. It simply means were at levels across the board that will be tough to add risk until … Continue reading
Daily Market Intelligence 5-10-19
This is when I’m supposed to have some great epiphany for you to start off your week. I don’t. SHCOMP opened on its high, elected its daily ORL sell stops and went into park. Gold saw buying last night in … Continue reading
SHCOMP,DAX,NASD 100 & Russell are all coming into closing levels that must be breached for more than a day for this rally to extend without some back and fill. The path of the recent trajectory is obvious if you open … Continue reading
Despite weak German Data the DAX is up. SHCOMP has followed through higher. Spoo’s will take a 2862 print for a pressure release reversal in the 50X3 P&F. Translation; Wait and see. I will be out in the afternoon.
Daily Market Intelligence 4-4-19