Daily Market Intelligence 11-29-17
World Bourses are grinding sideways to higher. I opened a technical report this A.M. from a source that sends to hedge funds reiterating their sell recommendation for the Nasdaq with a 100 point stop looking for a 10% correction. The … Continue reading
Have a safe and happy holiday. Risk spreads are positive. I’m looking for a melt-up all day. You know the Wednesday drill. Buy early /Not late. Rule #1 Do not initiate new longs at the end of the day!! The … Continue reading
Daily Market Intelligence 11-22-17
The world indices were led higher by Asia. Germany shrugged off Merkel’s political woes. Equity/Bond spreads @ the long end of the curve are neutral. This means there is room to move on the upside. Brent..63.00 remains the upside hurdle … Continue reading
Tencent is keeping China internet names bid. Spu’s were weak early last night with Spu/Bonds retesting its 50 DMA. This is roughly lining up with 2567 in the Spu Futures. The Spread is putting in higher lows, just barely, making … Continue reading
It’s Friday, the later in the day it gets the more scarce sellers will be. EUR/AUD…156.71 is monthly mvg avg resistance. Expect this cross to remain bid into the close, however it’s not worth getting involved at these levels. Spu’s … Continue reading
NIkkei has been running the board for the past week. 22,000 to 23,000 followed by a 5 day sell off to 22,000. Nikkei held early and rallied last night. It is now getting close to the breakdown level of 22,770. … Continue reading
Daily Market Intelligence 11-16-17
The Mid-Week shuffle is in full swing. NIkkei is retesting its Oct. 30 level it rallied from trading slightly lower on the month. DAX..12,838.5 is where the Monthly ORL sell stops rest. Support is app 100 points lower. FTSE…blew off … Continue reading