Daily Market Intelligence 3-12-20
BOE does emergency rate cut and the market fades it! Legarde wielded the word recession today. Stay tuned for tomorrow. Fearless leader was a no show for his press conference yesterday. Traders loved his grip on the situation. Perception in … Continue reading
Full Moon Trading Look it up in the glossary! Equity/Bond spreads are currently flirting with their respective ORL Qtly levels. It will be all about the Pit gaps in the Indices and the Bonds for day traders. Spoo/Bond is into … Continue reading
Daily Market Intelligence 3-10-20
Yra sent me a note last night; This is complete insanity! I started on the Floor in 1974. It’s never been wilder. I was speaking with Angelo making light of the fact I had a swing count in the March … Continue reading
Daily Market Intelligence 3-9-20
I’ve been up listening to the utter gibberish from the buy only crowd on. 2007-8 break took five years to recover price. You’re going to get big Index rallies to nowhere given low liquidity. Spoo/Bonds have gapped below its 200 … Continue reading
Daily Market Intelligence 3-6-20
Mid-Week Shuffle is on full display. It’s all about where and if we hold. So far the Spoo 200 DMA is the ticket. 3052 is today’s 200 DMA. There is a little double bottom on theĀ NasdĀ 100X3 that can hold @ … Continue reading
Daily Market Intelligence 3-5-20