So far the bounce is muted in the Spu’s. The previous three 50 point corrections have produced fast rebounds. This is not happening. The healthcare disruption announced this A.M. is no small thing!!! I am going neutral all equity Indices tonight. … Continue reading
30 yr. Bonds were off close to a point in early Asia which triggered further profit taking in the Indices. I suggest you take the time to listen to the interviews Yra gave on the link below https://yragharris.com/2018/01/29/fill/ Spu’s…put in … Continue reading
Daily Market Intelligence 1-30-18
The Spu’s just put in another 25 point reversal. The bottom of the bell is 2842 which would not be enough for a reversal on the Long-term P&F. The pattern has the potential to actually give us a good sell … Continue reading
Daily Market Intelligence 1-29-18Daily Market Intelligence 1-29-18
Elvis will have left the building before GDP this A.M. The short end of the U.S. curve is tanking following the Bunds lower. The rest of the day is irrelevant. The Equity Index technical models are healthy. Europe and Japan … Continue reading
Daily Market Intelligence 1-25-18
It’s Wednesday. Plunger alert. Spu’s & Nasd 100 have come down to test daily ORL levels. Pit session Spu and All session Nasd stops were elected. The brake came out of Europe. Their equity markets clearly are not enamored with … Continue reading
The Spu target was printed overnight. it will take a couple of closes over 2840 to go vertical again. The short end of the curve is having an oversold bounce. Look for a rally into the mid-week shuffle. Solar names … Continue reading
Daily Market Intelligence 1-23-18