Spoo’s..daily sell stops are @ 3139.50. This is the level that needs to be closed under for first signs a topping pattern. Nasd 100…need only sustain price lower on the day/month to start losing momentum. The Bond sell off started … Continue reading
Daily Market Intelligence 12-2-19
Spoo’s filled out its move on the 25X3. The PNF shown is less granular than the one I usually use. The picture simply says do not buy strength and let the market do the work. Nasd 100 has yet to … Continue reading
Mixed bag; look to the names. Spoo’s show a range. Nasd 100 PNF, so far, has not rallied enough to confirm the weeks low. Risk spreads have lost their mojo failing to get back over near term momentum. (Purple Line) … Continue reading
Daily Market Intelligence 11-22-19
Daily Market Intelligence 11-21-19
Mid-Week Shuffle Looking for any sign that the technical model can turn. Bond Futures across the entire curve are trading @ their respective 50 DMA’s. Target is up a blistering 9% after earnings. The great rotation continues. Spoo & Nasd … Continue reading
Sell stops were run in the Dow. Stops failed to get elected in the Spoo. Time is running out for that to occur in this current flow. Vix failed to rally anywhere. Facebook, IBB,XBI and Credit card issuers are Bullish. … Continue reading
Daily Market Intelligence 11-18-19