Daily Market Intelligence 12-2-20
The Room was all over the precious metals yesterday. Matrix levels matching the yearly 50 % retrace in the Gold. Gold Point & Figure confirms the low. FSM…Fortuna Mines came up on pattern recognition. Spoo’s are @ a level that … Continue reading
Daily Market Intelligence 11-19-20
It’s Wednesday and it’s a Risk on world. BA & Target are leading. Riot, the dog of blockchain, is up another 10+% as traders look for lottos in the crypto world. Spoo’s…big hold last night just above unchanged on the … Continue reading
Spoo’s are range bound. I still expect to see a 3587.50-90 print this week. 30 Yr. Bond will take sustained price action over 173.00 to screw the shorts and see the bank stocks get hit. Risk spreads are key indicators. … Continue reading
Daily Market Intelligence 11-16-20
U.S. Indices are currently range bound. I remain in buy the hard break mode with an over the weekend upside bias. AUD/CAD…is getting love. Whether you believe its a China proxy or a Commodity vs. Oil trade, the chart is … Continue reading
Daily Market Intelligence 11-10-20
Spoo…third gap up in U.S. session should lead to at least one little back and fill to 3480 during the U.S. session. Point & Figure high matching the oscillator in the Spoo/Bond spread and the Green target on the sheet … Continue reading