Spoo’s are coming into the top of the Gap 2821-2797.75. This is a must hold level. Point & Figures are at a crossroad. Oil…I spoke to this last week. June Oil is trading @ a 10 dollar premium to May, … Continue reading
Daily Market Intelligence 4-20-20
It’s not often that you see the Globex Risk spreads gap! The spreads are back to the first week of March levels. Plain and simple you cannot buy Index strength without taking a tremendous amount of heat. This would be … Continue reading
Daily Market Intelligence 4-17-20
Italian 10’s have rallied to momentum resistance. Bono’s are putting in an ORH @ the bottom of a down move ( Bullish) Watching both as a demand indicator for Gold upside. Indices…still treating yesterday’s and last night’s lower retest as … Continue reading
Mid-Week Shuffle If this Bull phase is to remain intact the most likely scenario is a tradable low today into tomorrow. Nasd 100 game the pause that refreshes last night. Spoo’s rejected Langer’s target level which matched up with a … Continue reading
Daily Market Intelligence 4-15-20
Silver would need two closes over last night’s high to continue higher. Gold is trading from one level on the sheets to the next. Aussie would need to hold above 63.36 after today’s G-7 call to remind firm. GBP…will react … Continue reading
Looks like we have another near term low in. Spoo’s put in a relief break on the 50X3 right after last nights opening. Risk spreads are positive. I’m viewing last nights lows in the Indices as the near term inflection … Continue reading
Daily Market Intelligence 4-13-20