Daily Market Intelligence 10:2:21
Nikkei bounced off its 200 DMA. Spoo’s are from above 4293.75, its weekly ORL # Do not lose sight of the closing resistance war @ the Sept Monthly ORL @ 4347.75. 4350 print is needed to confirm last nights low. … Continue reading
Daily Market Intelligence 10:1:21
Qtr end. I’m only concerned about the close. Nothing else matters. Will the indices hold the monthly ORL’s? Will the Indices hold and then violate Friday? I’ll let the market tell me what to do. There is a WASDE report … Continue reading
Spoo’s have filled their rollover gap in the overnight session, not in the pit. Nasd does not like the long end creeping higher. Russell is the clean trade honoring its levels. The short end of the curve is in play … Continue reading
30 Yr. Bond…160.00 will be pivotal all day as it matches up with the 200 DMA in Yield. The next two sessions will revolve around risk appetite going into the 4th qtr. The end of last qtr we saw atypical … Continue reading
Daily Market Intelligence 9:29:21
Oil & Natty continue to trade well. They are trading off their own fundamentals and independently from the rest of the board. The rest of the board is a slave to the 30 Yr. The flight out of Bonds started … Continue reading
Energy, Chips, Financials and reopening names were in play. KRE is attempting an ORH month. So are some of the names. Copper miners played out well from Friday. FXI & KWEB put in ORH days. Watching for follow through since … Continue reading
Daily Market Intelligence 9:27:21