Tag Archives: S&P 500 Futures
Midday Missive
Indices have rejected the upper end of the current trading range. The Russell is particularly vulnerable as all the Long Russell/Short Spu trades from Tuesday are unwound. Bears will treat today’s early highs as their Risk levels to be short. … Continue reading
A.M. Look 7/5/18
The previous two weeks saw mid-week highs followed by lower retests. Now we have a Globex mid-week low which suggests bottoming. Spu’s…Point & Figure still shows a range. I’m wary of chasing strength. Russell 2000 futures is trading at a … Continue reading
Daily Market Intelligence 7/5/18
Daily Market Intelligence 7-5-18
A.M. Look 7/3/18
Noon CDT closing today. Spu’s…have traded to the top of value on the Point & Figure. There is now a clear 50 Point range. Nasd & Russell Risk Spreads are following through to the upside. Roku has pattern follow through. … Continue reading
Daily Market Intelligence 7/3/18
Daily Market Intelligence 7-3-18
Midday Missive
Equities found early footing with Mutual Fund buying The early direction is ebbing with retests in AMZN,IYT. Semi’s have lagged with Micron & Nvidia trading well. Non-correlated names like WDAY & SHOP were the best early trades. Investors want to … Continue reading
A.M. Look 7/2/18
Spu’s..are the first chart. This shows price action below last weeks low of 2693 will be needed to take out the bottoms of the pattern. Nasd 100 shows a short-term potential bear trap. This can rally before going lower. Oil..shows … Continue reading
A.M. Look 6/22/18
This is the last A.M. Look until July. I am taking a much needed hiatus. The dollar trade remains in profit taking mode after yesterdays reversal. The fat is out of the trade for now with the Euro looking to … Continue reading
Daily Market Intelligence 6/22/18
Daily Market Intelligence 6-22-18
A.M. Look 6/21/18
European led volatility over night on OPEC production increases and Deutsche Bank hiding trading losses. Spu’s require a close over 2784 to attract buyers. Euro retested last months low.