Daily Market Intelligence 6-10-19
Oil rally has not yet turned the very long-term 100X3 P&F up to confirm this weeks low as an interim bottom.Oil is trading unchanged on the week. The 25X3 Point & Figure shows it will take sustained price action above … Continue reading
Daily Market Intelligence 6-7-19
Just a reminder that all Treasury volume is September (U) Futures. Risk spreads all held momentum support on the early Asian Index selloff. Options activity over the past two sessions saw upside positioning in the QQQ & SPY into July. … Continue reading
Daily Market Intelligence 6-6-19
Earlier in the A.M. pretty much everyone sold against the matches in the Nasd & Russell #’s which matched up with the 200 DMA in Amazon @ 1752.Capital flow is over.Spoo failed to print low enough to reverse lower … Continue reading
It’s Wednesday. Money for nothing! This is an exit zone for longs. The matches are the Nasd 100 & Russell #’s. Roku was upgraded with a 119 target. Cron received an upgrade with a 20 target. What is surprising is … Continue reading
Daily Market Intelligence 6-5-19
Oil… is sitting on its 200 WMA. Be patient. Spoo are stuck between 2729 & 2765 o..n the 25X3. Waiting to see if it can put in a reversal on the 50X3 with a print into the high 60’s. That … Continue reading