Daily Market Intelligence 7-30-18
Euro..showing an ORL pattern by sustained price action below 116.64. Typical ECB price action. Look for a stronger dollar across the board going into today’s FX close. DJI & Midcap were bought all A.M. against Nasd names. Disney, Rails, Insurers … Continue reading
Daily Market Intelligence 7-26-18
Spu’s hit their objective @ 2830. We’re in back and fill mode. Gap trading abounds across a wide array of names and Indices. With Trump defending Tariffs and the Chinese set to rule on the Broadcom deal tonight, Investors are … Continue reading
Daily Market Intelligence 7-24-18
Trump Tweet on increasing tariffs on China to 500 Bil gave the Spu’s the initial back and fill I was looking for. For long-term pressure release, the current retrace level is in the low 2770’s The tweet also hit the … Continue reading
Daily Market Intelligence 7-20-18
Spu’s will need a 2795 print for pressure release back and fill on the medium-term Point & Figure. Comcast Disney & AAPL are holding up against the rest of the board. Spu/Bonds put in a higher high and are reversing … Continue reading
Transports and Oil are taking the market s lower JBHT..has led the reversal lower as great earnings quickly faded. JBHT has now seen almost a 8% selloff into its 200 DMA Spu..25X3…needs a 2786 print for a reversal. Not entertaining … Continue reading
Daily Market Intelligence 7-16-18