Daily Market Intelligence 5-4-16
Daily Market Intelligence 4:19:16
Stocks… DAX, Euro Stoxx et al expire this A.M. You could get two capital flows today. One up into Europe’s close. Then we’ll see if our indices keep getting bid up into our close. I’ve attached charts to show that … Continue reading
Equities…yesterday’s buyers are today’s sellers. 1916-18 is a trap level for shorts this time of day. We’ll need to see if there will be another late day bot driven rally. The metals have been telling a Risk off scenario. Silver… … Continue reading
Just a couple of things to ponder over some holiday cheer. The Five year Bonds have been the weakest part of the curve. The 10’s & 30’s do not show this level of weakness. Both still have long term pattern … Continue reading
The Long Dollar crowd was liquidated this A.M. Euro was trading just above it’s 200 DMA @ 110.33 Cash ( 110.61 H Futures) Hard to pick a high unless you try and line it up with timing later in the … Continue reading
Stocks… Nasd 100…resting sell stops are @ 4652 with a close below 4647 needed for downside to materialize. Spu’s… weaken below 2074. Bonds … 30 yr….failed shy of my sell level on Friday @ 155.10. 154.01 is mvg avg support. … Continue reading
GOOGL…pattern sell stops are @ 673. PCLN…was weak out of the gate and is now trading unchanged on the week. The daily pattern looks very toppy. This could slide to 1288. Spu’s…1979 is the 50 DMA and the first good … Continue reading
Stocks… XLU…put in an ORH day. 44.39 is 200 DMA resistance. 43.75 is support. XLK…41.81 is resistance. NFLX…put in an ORH day. Retest support is 109.30. Nasd 100…4390 is resistance. Bonds … 30 Yr. Bonds…despite the ORL Bonds traded right … Continue reading
Stocks… Spu’s…1990 is resistance. Do not fade above. RAX…another name that bottomed with the Indices. Price action and a close over 28.25 is needed for additional upside. Bonds … 30 Yr & Bund… formations seem friendly. It’s a Risk On/Risk … Continue reading