Gold…is still holding matrix support @ 1307 (Q). Below it will get weak fast. Those buying Gold against the trend line or for a longer term play should keep a tight leash on this. It would take a close over … Continue reading
Daily Market Intelligence 7:22:16
Equity/Bond spread keeps on going led by the treasuries. I’m not looking for much of any trade in the Indices, although I’d imagine the Bears will come out of hiding today to give it a go after London’s close. This … Continue reading
Daily Market Intelligence 7-20-16
Full Moon Trading…. Market timers are looking for profit taking with a mid-week high. The Dollar is strong this A.M. with the Pound vulnerable under 131.50. DXE…The dollar is finally breaking out of this pattern to the upside. The capital … Continue reading
U.S. Financials will be in focus today. WFC, C, FHN, USB, and PNC among those reporting earnings today.DAX…European Financials are trading weak keeping the 200DMA resistance @ 10,078 intact. Closing above is Bullish. 10,729 was the 2015 close. ​Bunds…166.19 is … Continue reading
Spu’s…2150.50 will be today’s focal point on breaks. Nasd 100..4583.50 is the same level. Above these #’s the Indices remain bid. U.S. Banking names are all up with JPM earnings leading the rally. Gold…1328.10 is today’s ORL # BOE left … Continue reading
Daily Market Intelligence 7-14-16