We have Outside reversals working in the Spu’s,Nasd 100,Russell. ALNY is 10% off its low. it has potential for another 20% Chips as stated earlier look great as well as Fintech TSLA is ripping. Look for another 20 dollars with … Continue reading
And so it begins. China answered Trump with a tariff list of its own. Nasd 100 is close to its 200 DMA, as close as its been since his hairness got elected Nov 2016. Soybeans are worth a go against … Continue reading
Daily Market Intelligence 4-4-18
Spu’s have filled out the short and longer-term P&F. This is one of those zones that can reject. Looking for another failed rally. Nasd 100..6385 unchanged on the year. 6277 200 DMA Spu 50X3 Spu … Continue reading
Spu’s need to sustain above their 200 DMA @ 2589 to attract new longs. If this unfolds a rally back into yesterday’s opening range in the 2630’s is possible before price rejection. The downside is as stated in last night’s … Continue reading
Daily Market Intelligence 4-3-18
Hey Bubba ..Tweet me up. DJI,XLF, IWM MidCap et al. are @ their 200 DMA’s. IYT just above. XLU..ORl day. Spu…gap 2517.70-80 is the next gap. The Spu/Bond spread hits it 200 DMA closer to 2500 Futures Spu’s… DJI…
AMAZON will be in the forefront today as weekend tweets have U.S. Indices trading lower. 1406 was Friday’s opening range with 1384 cloud support. Resistance is 1472-82. We’re trading within Friday’s ranges in most everything. It will take into New … Continue reading
Daily Market Intelligence 4-2-18
The only thing that interests me today are the closes. Spu’s are consolidating. I would not get excited about chasing direction in a thin market today. I wish everyone a safe and Happy Holiday!