Daily Market Intelligence 5-17-17
Daily Market Intelligence 5-16-17
Oil…is trading @ the 50% fib for the yr. trading between its 50 & 200 DMA’s. See how the U.S. opens up before you get involved. The Greenback is off against most currencies. Suisse is trading at its 200 DMA … Continue reading
Both our 30 yr. and the Bunds have similar patterns. Both are trading mildly oversold doing corrective bounces. 151.11 is today’s 50 DMA in the 30 Yr. It’s as good a place as any to expect price rejection. Indices…waiting … Continue reading
Daily Market Intelligence 5-12-17
Spu’s… 2373.50 is the first unfilled Pit Gap. We just got a quick 10 point move. Much above 2386 will trap new shorts. Keep it tight. I would be looking for this direction to last for another hour. Nasd … Continue reading
DAX & Euro Stoxx 50 are showing Bearish daily patterns. The game in the Spu’s is still @ 2386. EUR/USD..108.27 is today’s 200 DMA. Expect price rejection the first time in. GBP/JPY…which has been leading the risk on rally … Continue reading
Daily Market Intelligence 5-11-17
30 yr. Bonds…151.14 is today’s 50 DMA matching Monday’s ORL level. Sustained price action over this level is needed to signal further weakness in the Spu’s Spu’s…yes, there is a potential double top @ 2400. I’m not going to … Continue reading
Daily Market Intelligence 5-10-17