Daily Market Intelligence 12-3-20
The board is ugly. What is particularly concerning is the lack of interest in the Financials with the Bonds off a point. Spu’s..2411 is today’s 50 DMA. Below the board will worsen. I’m not waiting to exit the SSO. … Continue reading
I don’t have an opinion on the Bonds or FOMC minutes. I am recommending starting a position in SSO, the double Long S&P 500. It’s currently trading 90.13. You’ll have to lead off on part of it or … Continue reading
Stocks… Spu’s…1964.50 was Sunday’s opening range with small buy stops above. Sustaining and closing above should solidify this low. This is an exit zone the first time up for Futures traders. Bears will give it one more go @ 1978. … Continue reading
The buyers are back. QQQ is a low risk buy with a stop @ 107.10. Basically Long NASDAQ risking today’s low. SSO…is a low risk buy against today’s low. Disney… still like the name risking today’s low. I’m still looking … Continue reading
SELL SSO @ the Market! SELL TBT @ the Market! Closing Trade!! I thought this could go…No Love.. The energy sector is going to be too much of a drag today.
BUY SSO @ the Market! BUY TBT @ the Market! I’m putting on the spread by buying equal amounts of both. Futures traders…This is Long SPU/ Short 30 Yr Bonds
They might have screwed enough investors that we just put in a decent low. I just priced some 122 through 124 SSO calls expiring Friday. They’re too wide for my blood. I’ll wait it out until later in the week. … Continue reading
The low looks pretty good in the Spu’s. They could easily rally to 1872 today. BUY the SSO @ the market!
Stocks… Spu’s….1903 is the 200 DMA, this will be pivotal all week. 1876 is daily support. 1921 is daily resistance. SSO…109.40 is the 200 DMA (Support) Bonds … 30 Yr. Bonds…142.15, then just shy of 144 is possible TLT…120.60-70 … Continue reading