Daily Market Intelligence 10-27-16
AUD/USD…76.59 is resistance matching the 200DMA in AUD/JPY @ 80.17. This is a rejection level the first time up. USD/MXN..the Mexican Peso has been viewed and used by many as a Risk On indicator. Caution is advised into 183855 its … Continue reading
USD/CAD…Weekly USD/JPY… Spu’s…Couldn’t quite reach its 50 DMA@ 2152. Weaker energy prices will make this a time frame trade the rest of the day. Buy Breaks/ Not rallies FEDEX 30 Yr. Bonds…the macro levels have not changed. The Equity/Bond spreads … Continue reading
It will be an earnings driven board with the late Thursday earnings having the most impact. I remain friendly to the market with Equity/Bond spreads positive. The spreads should be firm into Month end. Let the day unfold.
2132 has held in the Spu’s.DAX…is creeping up. While this is happening do not think of selling U.S. indices. XLV…will be in play later in the day as it is setting up for a breakout of its range. be patient … Continue reading
After Asia opened the 30 Yr. Bonds put on the big boy pants to run the Risk spreads. Rob says: Remember the PCE tomorrow is the key inflation number for fed…the #1 indicator. A higher number will puke Gold and … Continue reading
Daily Market Intelligence 9-27-16
My daily volatility indicator is flashing a sell signal in the Spu’s ,Nasd 100 & Nikkei. This is a short term caution signal.The previous signals have taken from a couple of days to a week to play out and negate … Continue reading
Daily Market Intelligence 9-15-16
Nasd 100, Spu,& Spu/Bonds are trading around their weekly ORL #’s. A good sell off would bode well for the markets later in the year. Oil..