DAX…9429.5 will be a pivotal level for market tone going into London’s close. This is the weekly ORL # matching the 200WMA. Spu’s…2041 is the weekly closing ORL #. Spu’s only have to close over this level for the U.S. … Continue reading
Euro…106-105.50 is the next major level with sell stops below. YEN…we’re back to 2013 levels @ 99.01 USD/JPY 101.24 Futures. Given the 3 figure bounce off the level the next extreme is 94.88 USD/JPY 105.39 Futures. GBP/USD…elected the stops through … Continue reading
Daily Market Intelligence 6-23-16
30 Yr. Bonds… GBP/USD…we’ll see how much more squaring up there is before London’s close as the truce in the Brexit campaign could last through the weekend. GOLD.. Spu’s need under 2062 to weaken and above 2078 to rally. … Continue reading
GBP/USD…this is a big blow off in the Sterling which matched up with the Sept Spu trading 1 dollar shy of it’s matrix. Gold has been in profit taking mode since late London reacting to the low in the … Continue reading
Sept Bonds printed the continuation high. I’m not looking for much more although the June pattern swing count was to 173.00 leaving room for another half a point in Sept. Spu…Sept should print the pivot @ 2039-40. These are only … Continue reading
Daily Market Intelligence 6-16-16
Daily Market Intelligence 6-15-16
Daily Market Intelligence 6-14-16
Gold…is getting to a resistance area @ 1288-90. It will take all new closing price action over this level to go again. Bond markets.. investors are shunning Italian and French debt with the Brexit vote polls leaning toward … Continue reading