Daily Market Intelligence 4:20:16
Oil…resting sell stops are @ 36.60. It will take into this gap to see downside follow through in the Indices from here. Bund…they want to at least trade to the bottom of the Gap @ 164.73. Spu/Bond… spread is breaking … Continue reading
Stocks… Nasd 100…ORH pattern with follow through. Nasd 100…Pit Weekly…the gap starts @ 4519.50 which matches up with the first swing count target @ 4517. This is an exit zone the first time up. SPU with 30 Bond overlay…I’m … Continue reading
Stocks… Spu’s…Traded unchanged on the year last night before profit taking ensued. June shows that a close below 1997 is needed for momentum breakdown. Bonds.. Bunds…162.20 area is the level that needs to be closed over to work higher. … Continue reading
Stocks… Spu/Bonds…held it’s 50 DMA which lines up with 3/1/16 Spu close of 1977.90. Bonds.. 30 yr….162.14-15 is support and the daily gap from yesterday. FX… Euro…short Euro/Long every other currency with the exception of the Suisse Euro weakens further … Continue reading
Stocks… Nasd 100….4360 is resistance. A retest of 4265 would make for a low risk buy. NFLX…12% since last Wednesday. Anything into 101 is pretty good resistance AMZN…585 is mvg avg resistance and a 50% rally off it’s FEB low. … Continue reading
30 Yr. Bonds…led and continue to lead. Much below this level could lead to 161.00 ish June. Nasd 100… ORH day..do not fade. Look to buy a 30 handle break Spu/Bonds…are putting in an ORH day into first cloud resistance. … Continue reading
Stocks… Spu’s….are a two way time frame trade. Closes below 1929 is needed to break. Bonds.. 30 Yr…164.05 is today’s ORL # in June Bonds. They are weak by remaining below. FX… EURO…108.61 is the 2015 close, matching the .618 … Continue reading
Stocks… Spu’s….both the Nasd & Spu’s have hit their initial upside targets In London. They should back and fill a bit. The question is how much. The low 1940’s in the Spu’s and 4230 ish in the Nasd would provide … Continue reading
Stocks… Spu’s…it’s in the middle. Much above 2055 resistance it can run back to 2070 again. Closing today below the mvg averages would not portend well for next week.Spu/Bonds are sitting on the 50 & 200 DMA cross…The spread needs … Continue reading