I’m staring at the screen with nothing to add. U.S. Indices get cash settled with individual names being marked starting around 9:00 A.M. CDT European Futures have weakened into their settlements. I would think the majority of the short covering … Continue reading
MCD…McDonalds CLF…Cliff Naturals Resources The challenge is to find low risk names. They make iron ore pellets & blast furnace pellets. The name is not sexy, it just has known risk. Spu’s…(DEC) 2134.50 is today’s ORH # in the mini’s. … Continue reading
So far the mid-week low looks pretty good. (Matrix Support) We could still see another trip down. Toll Brothers is holding the 50 & 200 DMA cross. Holding above is not bearish! COG…Cabot Oil & Gas…is reflective of the entire … Continue reading
Daily Market Intelligence 9-14-16
Play the match game the rest of the day. EUR/AUD at its 200 DMA, which I interpret as don’t be short the Indices in the hole since it’s a risk on/risk off indicator spread. Sept. Spu’s still holding matrix for … Continue reading
Daily Market Intelligence 9-13-16
There is a typo in DMI commentary..the weekly Spu ORL # was 2154.75 not 2054. It was correct on the weekly chart that was sent. December Futures are now front month currently trading @ a 7 point discount. I’ll be … Continue reading
Daily Market Intelligence 9-12-16
S&P 500 50X3…been waiting 8 weeks for this to put in a reversal. 150 X 3 Point & Figure…This takes a 5 S&P point reversal. There has not been one reversal since last nights opening. Day Traders should tighten risk … Continue reading
Spu’s…the next set of sell stops are @ 2141.50 VIX…16.69 is the 200 DMA