Bond Futures up=Reits,Homebuilders & Utility’s in rally mode.Select Healthcare and Biotech names have been firm all A.M. VNQ..chocked full of A.I. names has shown no sign of backing off. XHB.. Spoo/Bonds are knocking on the door for a qtly … Continue reading
China is infecting the world angst. Ok; Spoo’s failed to put in a reversal lower. Spoo/Bond did nothing more than go back to its short term average. Most surprising was the Gold’s failure to get high enough to confirm the … Continue reading
Daily Market Intelligence 1-6-20
Spoo…3234-6 is resistance matching the daily ORL. Gaps; 3207.10. 3186-94. Initial Downside target for this swing is 3199. DJI…Initial Downside target for this swing is 28,377 Nasd 100 has not elected downside targets. 8769.50 is the reversal #. … Continue reading
Daily Market Intelligence 1-3-20
Russell has been running the show along with the Bonds. Russell & Russell/Bonds are putting in ORL’s Both the spread and the Russell itself have done nothing more than run stops. It’s what happens late afternoon that matters. The long … Continue reading
China PBOC eases last night reinforcing the FXI pattern. Take it easy to start the year. AMD & NVDA received big price upgrades. Spoo & Nasd 100 PNF charts show we’re at levels that need to be worked above for … Continue reading
Daily Market Intelligence 1-2-20
Thanks all for a great 2019!! Metals are heating up. Silver is putting in a longer term bottom against the Suisse this Month. This is happening while the Suisse is putting in an ORH qtr in the Futures. Yra has … Continue reading
Daily Market Intelligence 12-31-19