Risk spreads are just breaking out from a one month congestion pattern. Risk to own the indices is Friday’s low of day. Once again we have breakaway weekly gaps in play with DJI,SPU & NASD 100 Whether we get another … Continue reading
Daily Market Intelligence 12-19-17
Daily Market Intelligence 12-15-17
Look for a couple of flows today. The first into London’s close and the second will revolve around the late afternoon options markings. Spu’s would need under 2650 and Nasd 100 under 6390 for downside. IYT…is lower on the back … Continue reading
Daily_Market_Intelligence_12_15_17
Transports are a drag. Spu medium term Point & Figure put in a reversal. It doesn’t have to do anymore damage than what has already transpired. Spu’s…25X3 Point & Figure IYT…
Daily Market Intelligence 12-13-17
Central bank meetings are on tap this wek. FOMC Wednesday @ 1 CDT BOE & ECB Thursday early A.M. Chicago time before the opening. Spu’s…(H) March contract is trading + 2.75 points over December Future. Nasd 100 (H) March contract … Continue reading
Daily Market Intelligence 12-11-17
The most important chart is the Spu 50X3 P&F which completed another reversal @ last night’s low. Oil had a similar pattern yesterday. When i see this type of pattern a market typically reverses direction first before following through in … Continue reading