Spu’s have just put in a 5 point reversal. I’m not picking a market top, however we can correct a bit. VIX has filled its breakaway gap from Sept 1. @ 10.46 with a 10.29 low. Guys that want insurance … Continue reading
Daily Market Intelligence 9-6-17
Spu’s…2459.75 is support. This is a Pit session level that has held the initial selloff. I would not rule out another trip to this level during a U.S. session this week. Gold/Euro…Gold has been holding up against the Euro … Continue reading
Daily Market Intelligence 9-5-17
Index traders should key off the NYSE opening. DAX held its 200 DMA on last night’s low. The spreads are acting well. A spike down into 2460 in the Spu’s after the # would be a low risk buy level. … Continue reading
Daily Market Intelligence 9-1-17
The whole month has been a low volume track meet. JULY Closes.. DJI…12,8911 Spu’s..2468 Nasd 100…5882.50 Looking at the board right now it’s hard to imagine that the DJI or Nasd won’t put in a higher closing month. Given … Continue reading
SPU’s…50X3 Long-Term P&F. This chart takes a little time to confirm the last low on Tuesday. This is forming a triangle waiting for another signal. A little patience going into today’s ADP #’s to see if we remain firm. 30 … Continue reading
Daily Market Intelligence 8-31-17
Daily Market Intelligence 8-30-17