Sushi is hitting fan! Spu…double topped on qtrly chart. Below 2907 the market is a no buy AAPL..225 is the bounce zone
XLY has topped. Spu’s are eyeballing the low 2590’s for a reversal on the 50X3 You have another hour left in this capital flow before things can stabilize. The street is hiding out in Berkshire
Risk spreads are positive Spu’s would need under 2907.50 to start doing any real damage. The Spu daily chart shows we’ve just come into support. Spu/Bonds are close to new all time highs. Let the day set up. It’s a … Continue reading
Daily Market Intelligence 10-4-18
Daily Market Intelligence 10-3-18
Italian politics has Europe in the boil again today. Dollar is up with Bonds seeing the safe haven bid Spu’s…25X3 shows a range bound trade. The pattern says do not sell weakness There will be no room today!
Daily Market Intelligence 10-2-18
Russell and Midcap have continued last weeks theme with continued weakness against the Dow & Spu’s. Spu’s show a short-term double top on the 25X3 NVDA continues to soar fueled by weekly option buyers. I’d expect a try @ 75.50 … Continue reading
Daily Market Intelligence 10-1-18
Nasd 100 was trading unchanged on the month until Italy passed a budget last night which was construed as an up yours to the EU. What ensued was Dollar buying. Those dollars went into U.S. Treasuries. BUND/FBTP spread blew out … Continue reading