Tag Archives: S&P 500 Futures
A.M. look 5/9/17
EEM has been bid since Gundlach’s comments from the SOHN late yesterday, where he revealed his latest trade Long EEM/Short Spy. This is a value trade where he expects the rest of the world to play catch up to the … Continue reading
Midday Missive
Long Europe/Short U.S. Equity Indices is the current theme. A Hindenburg omen was generated yesterday. https://stockcharts.com/articles/dancing/2016/11/hindenburg-omen.html Without a confirming McClellan Oscillator confirmation, this typically portends a sideways to lower trade for the next 30 days. Chop City for Index traders. … Continue reading
Daily market Intelligence 5/5/17
Daily Market Intelligence 5-5-17
Midday Missive
Gold and Silver are oversold. So is GOLD/EURO. The above have been breaking with a risk off board today. Keep it tight if you’re trading the metals. EUR/AUD…147.17 is cloud and 200WMA resistance. TSLA… look for a bounce … Continue reading
A.M. look 5/3/17
The Indices and Bonds are range bound. Europe is in park, likely through the weekends French Election Let the day set up to see which one will lead.
Daily Market Intelligence 5/3/17
Daily Market Intelligence 5-3-17
A.M. Look 5/2/17
Still waiting for the DJI & Spu’s to garner some interest. Overnight the Nikkei followed through higher. Europe is in park with the Spu’s. Soybeans have another nice bid overnight as residents of the Midwest are still wearing hip waders. … Continue reading
Daily Market Intelligence 5/2/17
Daily Market Intelligence 5-2-17
The Late Show
Spu’s are starting to pick up. I’m looking for an upside breakout on the medium & longer-term Point & Figure today It’s going to continue t be a one way street. “To the Moon Alice”..Ralph Cramden AKA Jackie Gleason.
A.M. Look 5/1/17
Gold…1254.60 is today’s 200 DMA. Expect some price rejection the first time down. The Indices would need to see early Mutual Fund Monday buying for the Gold to get into this area. Wait for the U.S. to come in before … Continue reading