Daily Market Intelligence 11-19-18
Oil…will need over 58 to turn up on the long-term P&F Spu’s..currently trading 60 points lower on the week will rollover again on the medium-term Point & Figure below 2710. Looking at the weekly chart today’s close seems somewhat meaningless. … Continue reading
Daily Market Intelligence 11-16-18
Indices and major retail are getting hit. Spu/Bonds are trading @ it’s 200 DMA again. Looking for lower Amazon is dancing between its daily gaps. Looking for lower. Pot stocks are being bought. Cron is at resistance. A close over … Continue reading
Spu’s are currently stuck on the 25X3 P&F between last night’s range. Below the Mid 2680’s or above the 2716 ish level. Oil the 25 X3 P&F shows 55.11 is possible again. GBP/USD…closing below 127.65 drops the Pound out of … Continue reading
Daily Market Intelligence 11-15-18
Spu’s will require a 2765 print for a reversal higher on the 50X3 P&F. There they will run into resistance. Oil…60.10 was last years close. Last month was an ORL. 64.43 is 12/31 qtrly ORL # 58.07 is the semi … Continue reading
Daily Market Intelligence 11-13-18
Spu’s …Point & Figure is stuck between 2772- 2804. Risk spreads are trading heavy. Brexit news keeps the Dollar bid with Euro running its macro sell stops. Natgas is up again after breaking out of a 3 year consolidation the … Continue reading
Daily Market Intelligence 11-12-18