Daily Market Intelligence 7-2-19
Spoo..2988 & Nasd 100 7842 are the first upside targets. Nasd/Bond is trading above the multi decade pivot @ 5030. It will take 22 consecutive closes over this level to confirm higher. Spoo’s have turned up on all Point & … Continue reading
Daily Market Intelligence 6-28-19
Daily Market Intelligence 6-5-19
Spoo’s are into initial support @ 2843.. Looking at the risk spreads in the Spoo & Nasd, which are below their respective 200 DMA’s, I’ not picking a bottom. I’m interested to see if investors bottom fish the Semi’s. Oil … Continue reading
I bought DIA against the 200 DMA. Looking for a rally into mid-week. Spoo put in a reversal on the 50X3 confirming yesterday’s low. Semi’s have lagged. They’ll play catch up above 108.
Daily Market Intelligence 3-22-19
I bought PFNX today. A starter position. I had a price order in and in went vertical. Long FB 165 Calls @ .84 cents for Friday. 165 lines up with its 200 DMA. Oil is at its next big macro … Continue reading
Daily Market Intelligence 3-20-19
Semi’s are keeping the Indices bid. I bought SMH @ 107.39 very small. Risk is today’s low. BA is and was the ticket this A.M. I never found a strike I was happy with. I would view this low as … Continue reading