Daily Market Intelligence 4-19-18
Morgan Stanley earnings was positive. FCX,BHP,VALE & RIO are trading well with a risk on board. They are set up for higher prices. VXX…39.53 is today’s 200 DMA VIX…13.24 is today’s 200 DMA Oil…inventories today @ 9:30 CDT. 66.80 is … Continue reading
Daily Market Intelligence 4-18-18
We’re back to the volatility crush. I’m looking for more subdued ranges as investors focus on the earnings calendar. I’m expecting the Spu’s to trade up another 50-60 points. VIX is approaching oversold levels. Look to the names for alpha. … Continue reading
Spu’s 2687 is today’s 50 DMA. VXX…43.22 is the top of the gap from 3/21. match this level up with an initial high in the Indices. 30 yr. Bonds are trading on its 50 DMA. Bonds have to remain under … Continue reading
Sell the news with a back and fill. China names led the profit taking. Energy sector acts best. Soybeans..raise your trailing stop to 10.50 close. Not sure how the afternoon set up. Currently Spu’s would need a 2658 print to … Continue reading
Daily Market Intelligence 4-13-18
Chips,Industrial s, along with the scrum to buy Financials ahead of tomorrow’s earnings. Transports have been particularly well bid. Look for this flow to dovetail Dollar buying with a strong European session finish. GBP/JPY is the best looking cross. Spu … Continue reading
Trump was scaling back his rhetoric this A.M. which resulted in a relief rally. Look for leadership from Nasd 100 today. The Risk spread is currently trading right @ oscillator resistance. The daily Nasd 100 has turned up on the … Continue reading
Daily Market Intelligence 4-12-18