Daily Market Intelligence 11-16-19
It’s Friday in a raging Bull. Plungers just keep on selling! Context; The longest directional stretch the 50X3 has had since Humpty Dumpty sat on his wall was 360 points. Buffett put RH in play. Let it settle out before … Continue reading
Russell led the early show. Spoo/Russell breaking out above its Fibs has kept the board in Risk On Mode. Semi’s; NXPI & AMD Oil…held after Inventories, look to the names. Gold Miners had nice pattern follow through into cloud resistance. … Continue reading
Mid-Week Shuffle with lots to focus on. That focus is on the overall technical model. Is this just another break to nowhere with a rally to follow? So far this is just another normal corrective-contra trend mid-week move. Spoo & Nasd/ … Continue reading
Full Moon Trading Tomorrow is the Full Moon. Every nincompoop on the planet is calling for market top. They’ve all been trading from the short side. There is nothing technically that would support that thesis. There is no math that … Continue reading
Do not trade. Do not pass go! It took all of about 30 seconds to put in the directional relief back and fill break. Your day will be better spent teaching your cat to swim or your dog to not … Continue reading
Greece moved up off the bottom of European economies @ risk replaced by Italy. Their Bonds reflect the sentiment. Investors are shunning the paper now that they know Mario will not ride in and save the day. Spoo’s have seen … Continue reading
Daily Market Intelligence 11-8-19
I will be out of office from 9:45-1 CDT Headlines; China stops buying Gold. India Gold imports down 46% going into their wedding season, which is the highest demand time. EuroinGold and GoldinYuan is falling out of bed with the … Continue reading
Daily Market Intelligence 11-7-19