Daily Market Intelligence 10-9-18
Risk spreads are positive Spu’s would need under 2907.50 to start doing any real damage. The Spu daily chart shows we’ve just come into support. Spu/Bonds are close to new all time highs. Let the day set up. It’s a … Continue reading
Daily Market Intelligence 10-1-18
Risk spreads are holding their respective short term moving averages. Spu… 2907 is unchanged on the month. 50X3 Point & Figure would need a print just below 2900 for a downside reversal DJI…25,964.8 is unchanged on the month. Nasd 100…7674 … Continue reading
Daily Market Intelligence 9-27-18
Risk spreads are @ new all time highs. Investors will likely keep the Bonds under pressure into the expected Fed rate rise tomorrow afternoon. 30 Yr. Futures…137.30 should be a descent bounce level. Amazon was upgraded with a 2300 PT … Continue reading
Daily Market Intelligence 9-25-18
Rotation favored the buying of big cap tech and the selling of Dow names. Many like CAT are not done with a needed correction. Equity/Bond spreads show more corrective price action is needed. VXX…resistance starts @ 27.64. It doesn’t have … Continue reading
Daily Market Intelligence 9-24-18
DJI…26,616 is the all time high. yesterday the Dow hit its swing count. Closing this week above the all time high will attract buyers into qtr. end.Oil…wants to elect the stops above 71.50 that have been building for ages. 69.60 … Continue reading