Should not surprise to see a big two way trade today. Do not get sucked into early weakness. Trade it but don’t get marrieds to it. Sustained weakness has to be late day for the bears to win. Copper broke … Continue reading
The market is a trade. You can make short-term money from both sides. 4650 Spoo is a level that both Langer and I highlighted early last week. It bounced. Looking for lower #’s to trade. Spoo /Bond weekly low risk … Continue reading
And so it begins. TSLA is leading early with record sales. Spoo’s are back up into levels that make buying strength problematic. Capital flow is all you should be focused on.
Currency Futures go off the board Monday. The board remains bullish despite the stock rotation. Costco, MCD, MSFT & APPL over come all spread trading. Another day that you see shorts get roasted after London’s close. Spoo are firm above … Continue reading
Index traders should get a couple of wiggles today depending on time of day. The only thing that matters today is the close. Yen Futures show sell stops @ 89.20. You’ll need to see sustained and closing price action below … Continue reading
Cliff notes tonight. I do not like the market sentiment, meaning there has been too much negativity over the weekend in the press. Investors are stepping back. Next week will set in motion many instruments. Keep your powder dry. The … Continue reading
It’s a gap and go A.M. in the Spoo. Given it’s a new ATM, many will be tempted to sell looking for a home run. I’d prefer to buy the break than trade against the flow. Trade with the tape. … Continue reading
Daily Market Intelligence 4:9:21
There is no change in outlook. We’ll take it up in the A.M.
Daily Market Intelligence 3:29:21