Euro currently is respecting 114.50. I’ll need to see another close over the level to confirm more upside. Aussie & Kiwi reacted well to Chinese Data last night keeping them bid against the Euro. Grains…I’ll take a closer look over … Continue reading
Daily Market Intelligence 7:13:17
November Soybeans (SX) are seeing profit taking from a target level. I thought you’d see this yesterday with it raining on LaSalle Street in Chicago. One subscriber called to ask about a short at the level. I hadn’t followed up … Continue reading
Daily Market Intelligence 7-11-17
I’m focused on 5667 unchanged for the past 2 weeks as a downside pivot. The resistance and upside pivots in the Spu’s & Nasd 100 haven’t changed. 30 Yr. Bonds would need to sustain over 152.09 for more bounce. OIL…still … Continue reading
Daily Market Intelligence 7-10-17
Daily Market Intelligence 7-7-17
The board is ugly. What is particularly concerning is the lack of interest in the Financials with the Bonds off a point. Spu’s..2411 is today’s 50 DMA. Below the board will worsen. I’m not waiting to exit the SSO. … Continue reading
I don’t have an opinion on the Bonds or FOMC minutes. I am recommending starting a position in SSO, the double Long S&P 500. It’s currently trading 90.13. You’ll have to lead off on part of it or … Continue reading
Spu’s… As Long as they maintain above 2416 they are range bound to higher. So far the rotation out of Oil names has had a limited effect. I like NFLX,FB against today’s low for new longs. PYPL & SQ are … Continue reading