There is absolutely nothing to do but get into trouble. Transports act terrible while most of the financials remain bid. Equity/Bond spreads have not broken down. No shorting! I’m not chasing the energy move which looks to continue into the … Continue reading
Daily Market Intelligence 5-9-17
Daily Market Intelligence 5-2-17
30 Yr. Bonds…151.11 is the 50 DMA.. Bonds are working on a potential ORL day with a close below 151.28 KRE…this is a buy against today’s low. DXJ…Japan is looking good. SPU/Bonds & Nasd 100/Bonds are showing ORH … Continue reading
Daily Market Intelligence 5-1-17
The NYSE will be running the board through Monday, with Europe closed for their May Day Holiday. Volumes will be lower than normal. Absent a tweet bomb from our leader, traders will be reticent to sell into Mutual Fund Monday. … Continue reading
Japan led last night with DAX & Spu’s trading with in yesterday’s ranges. Nasd 100 is firm with Biogen (BIIB) beating earnings now up $10. CAT beat and is trading over 100 Equity/Bond spreads in the U.S. and Europe remain … Continue reading
Daily Market Intelligence 4-24-17
The Pit 30 yr. Bond fell just shy of the 153.11 close needed for an ORL. Globex session still has time. Spu/Bonds are toying with an ORH as well. DXJ is ripe for an oversold bounce. Look for a test … Continue reading
Spu’s…The range is highlighted. It will take sustained price action into the 2330’s for lower. 2339.50 is the e-mini 50 DMA support line. Spu/Bonds on the other hand is trading right at its 50 DMA. 30 Yr. Bonds need … Continue reading