Daily Market Intelligence 7-12-16TM
Spu’s…are attempting the contract highs @ 2134 with resting buy stops above. I look for them to remain firm into our close today with some back and fill mid-week. Euro could see 111 again simply because the Yen crosses are … Continue reading
DAX…9740 is resistance and the upside closing pivot. Spu’s..2123 is the level that will not go away. Caution, if we run the 2119.50 buy stops. This is a good spot to jam new longs. This is a closing level.
Daily Market Intelligence 7-8-16
Oh Joy!!! 7 hours later internet is back up and my networks are reconfigured. OIL…45.92 is today’s ORL# XOM…92.44 is today’s ORL# Spu’s are holding up surprisingly well given the weakness in Oil. Given that the U.S. Equity Indices are … Continue reading
Daily Market Intelligence 7-7-16
FTSE….putting in a topping pattern. Price recovery over 6418 is needed to keep the pattern positive. Spu’s… It’s the mid-week shuffle. U.S. energy names will be under pressure early.
Spu’s… 2081.50 is today’s all session ORL # coming into 2079 support. This is not a level to initiate shorts the first time in. Oil…needs price recovery back over 47.90,today’s all session ORL #, to firm up. Weekly momentum support … Continue reading
ETF traders….If you’re not Long EUO get some on by the close. If you bought some earlier in the week just sit tight. You just don’t want to chase it Futures traders…sell rallies against 111.30 cash which is last weeks … Continue reading