Daily_Market_Intelligence_4_27_22
The game is after earnings gets sorted through. Today and Thursday are the final catalyst days for upside. Twenty Yr. Bonds are confirming an intermediate low in Bonds.
Spoo target was hit within a couple of handles just after London’s close. That completes the first lower swing I highlighted in the FRA Podcast.The world of big cap reporting tech bounced off their respective 400 or 200 DMA at the … Continue reading
Spoo…4224 is the semi-annual ORL that starts matching up with other work. Blowoff patterns are into initial support or take profit levels in pretty much everything. Copper is into its 200 DMA. Yen/Yuan low matches up!! Twenty yr. Futures attempting … Continue reading
Spoo…4244.75 is where the rally started in March. We haven’t broken anywhere yet. This is just beginning.The Risk Spreads have blown off! All commodity trades vs FX are done for a while, as signaled by the ORL in Yen/Yuan on Wednesday. … Continue reading
Spoo shows a double bottom on the 100X3 4400 print is needed for a reversal on the 50X3 to confirm last nights low.Gold has to hold the overnight low.Gold/Nasd ran into cloud resistance and is now consolidating. The bigger game … Continue reading
That was one helluva Gann day. Can anyone say mid-week shuffle high. I went through 21 stock screeners with myriads of Equities across all asset classes. I don’t recall day when there was so much price destruction in everything. Spoo/Bond … Continue reading
Spoo is flirting with 200 DMA @ 4490.71 UN..Sprotts uranium Trust needs to show closing strength today for upside follow through. Silver is @ cloud support. It’s all about TSLA. It’s all about Yen/Yuan as interest rates converge and China … Continue reading
Precious metals against everything. Pay attention to the Pit gaps in the Indices. 40 Year 30 Yr. trend line looks to be broken. It will take a weekly close under 138.00 to confirm. Spoo have been going on the Nasd … Continue reading
There is a sizable monthly options expiration today. Bond buyers have focused on the shorter end of the curve. Euro is winding up for a move. Be very patient today.