Claims #’s are expected to be big. It’s all about how and where the Spoo’s stabilize after the #. Powell webinar is @ 9 A.M. CDT.; would expect a bounce. Both parties in both houses fight over a new spending … Continue reading
Daily Market Intelligence 4-9-20
Today into tomorrow the markets will be in decision mode. The Point & Figure and half day charts paint the best pictures Market participation will be down. Do Not chase direction. All the frenetic e-mails I received early yesterday about … Continue reading
Daily Market Intelligence 4-8-20
Pretty much most instruments and names gave you a back and fill Spoo’s left a gap @ 2668-78. Write it down for reference. It will take price into the mid to high 20’s for a reversal back up on the 50X3. … Continue reading
Daily Market Intelligence 4-7-20
A little good news goes a long way. With Full Moon tomorrow night @ the start of the Holidays the rest of the week should be telling. Spoo/Bonds & Nasd/Bonds are currently above their respective 21 DMA’s. The spreads have … Continue reading
Daily Market Intelligence 4-6-20
Due to the calendar tabulating the unemployment rate, the disaster numbers won’t hit until Aprils #’s. Healthcare showed green shoots yesterday. I’m not in any hurry to jump on board. Let everything settle out a bit before you make any … Continue reading
Daily Market Intelligence 4-2-20