Daily Market Intelligence 1-19-21
It’s just the beginning of the year and I feel if as if it’s the end of last. Amazing how the send buttons work. Your DMI should be in your in box. Corn & Wheat joined the Soybean rally last … Continue reading
The two things that stand out in the news are the differing views posted on the front page of the FT vs. U.S. media on last weeks events. Bitcoin started weakening over the weekend and gained momentum with a strengthening … Continue reading
100X3 Spoo has broken out. This is a long term PNF that will not reverse until it’s over extended. Look for 25 point back and fills to reload. Targets have been published.
30 Yr. Bonds have come into a level that will take further price action to violate. Do interest rate differentials matter? The Dollar and the precious metals seem to have initially reacted as one would expect from a steepening curve. … Continue reading
Georgia recount will be forthcoming. The long end of the curve is running small caps. Financials love a steepening curve. Russell/Bond show an ORH week in play. DJI/Bond spiked slightly over the monthly downtrend channel from 2018. Dollar is ripping … Continue reading
Daily Market Intelligence 1-6-21
Spoo…3676 is the weekly ORL #. It will be pivotal all week. Risk spreads will be needed for confirmation. Currently both SPOO & Nasd/Bond are below their respective weekly ORL #’s. This is going to take a couple of days … Continue reading
Daily Market Intelligence 1-5-21
Bitcoin expiration Bitcoin is bid against the precious metals and bonds. Full Moon Trading tomorrow Spoo’s…3687.50 is the reversal # on the 50X3 Russell leads with the other three indices hitting resistance. The indices are doing exactly what I’ve laid … Continue reading