Daily Market Intelligence 2:5:21
I’m not looking for much activity in the Indices today. The game is in the Biotech names. That’s where the lottos are. 30 Yr. Bonds are having their expected effect on FX & Metals. Rising long end of the curve … Continue reading
Daily Market Intelligence 2:4:21
Good news is in the market. Today and tomorrow should see the last of the wrangling over the covid relief bill. Dollar is still strengthening while retaining its correlation with the Grain trade.Weak Greenback has = strong Grains. Oil…55.62 is … Continue reading
Daily Market Intelligence 2:3:21
Ground Hog day is looking more like Lemming day. Reddit momentum investors who did not take the money will not be happy today. Silver is into must hold support. Yes, Fibs matter when its a multi-decade retrace. Spoos & Nasd … Continue reading
Daily Market Intelligence 2:2:21
Bloomberg reported that Citadel is top Silver ETF holder. Silver is close to a 50% multi-decade retrace. Silver miners are keeping pace. AG, CDE are leading. AAU & MUX seem to be the lotto tradings up 50% @ $1.09. Yra … Continue reading
Daily Market Intelligence 2:1:21
Yen crosses are in play. GBP/JPY and Yen/Yuan Peter pointed out the Wallstreetbets threads on Silver yesterday. Silver/Yuan is leading. As the Yuan strengthens so do many commodities. Grains & metals Jesse was on the engulfing bull formation in Bitcoin. … Continue reading