The match game continues. Aussie $ Spoo’s lined up for directional exhaustion. Copper is showing ORL EUR/AUD…held its 200 DMA and is attempting an ORH. EUR/NZD has an ORH working. Trump-Pence White House should be taking management notes from Jacinda … Continue reading
Daily Market Intelligence 5-11-20
Kal caught a typo on the new Matrix sheet. The last Spoo target begins with a 3 not a 2 Spoo…Pit gap 2895 Nasd 100 Pit Gap.9126. Spoo..filled out the top of value on the 100X3 Upside area has not … Continue reading
Pattern Alert; All these names show ORH potential bottoming. If you’ve an interest in the name or sector do the work. XRT, VMC, CX, ECL, FCX, CHGG, EXAS, NKTR, STNE, HEAR, ETSY, MLM, AEP, CVNA, ETSY, YEXT, RH, SERV, OLLI … Continue reading
Spoo’s went to the bottom of value in early Asian trade and held for a sizable bounce. Nasd 100 will take sustained and closing price action under 8555 to weaken further. I’m expecting to see a two way trade today … Continue reading
Forecast January saw our models go neutral. We’ve been defensive Equities favoring the Long side of Gold and Treasuries.Our Risk Models turned up the beginning of April. They are once again signaling caution. We expect volatility to remain heightened … Continue reading
Markets are screaming May Day! Yesterday Yra and I had a conversation with Richard Bonugli of Cedarportfoilo.com. He’s the gentleman that has all those marvelous interviews with top economists and portfolio managers we love to listen to. It started off … Continue reading
Daily Market Intelligence 5-1-20
Everyone is waiting on the ECB. Bunds are in rally mode expecting more liquidity from Lagarde. Gilts are up with the Pounds as the continent seems to be voting with their money. Nasd/Bonds rejected its 200 DMA on a first … Continue reading