Gold broke out above its 200 DMA on Active Daily Continuation. It’s gaining against the Suisse & Yuan I bought UNH @ 253.60 with a dollar stop looking for 263 ish where I will liquidate the position. I bought the … Continue reading
The Long Dollar trade seems to be coming to an abrupt end. Euro & Swiss have daily ORH patterns. Same in the Euro crosses against the yen & Yuan GOOGL is leading the Nasd with an ORH pattern. 1109 is … Continue reading
DXE…91.85 is closing resistance. Swiss Franc…100.38 will be the long term inflection level for a longer term Dollar strength. Weakness in the Sterling & Euro is translating into FTSE & DAX strength. AAPL reports next week. 170 is the high … Continue reading
Oil…is trading @ the 50% fib for the yr. trading between its 50 & 200 DMA’s. See how the U.S. opens up before you get involved. The Greenback is off against most currencies. Suisse is trading at its 200 DMA … Continue reading
Daily Market Intelligence 5-5-17
USD/CHF…99.00 (Z) Futures is the corresponding level to 101 USD/CHF Suisse is the currency that can play catch up to the downside.
Stocks… Spu’s….We need back under 1912 to weaken, targeting 1885. Bonds.. 30 yr….167.12 is initial fib resistance with a possible failure @ 167 +-. FX… YEN…remains strong with a risk off board. First retest is 89.00. Commodities… Gold..Buy hard … Continue reading
Stocks… BBY…is showing a seasonal bounce. Sustaining over 31.65 is needed for a move to 33 +- a few. GOOGL…ran the Spu’s yesterday both up and down. I try and put out the obvious matching technical levels in the … Continue reading
Stocks… Spu’s…1967.25 is today’s sentiment # for end of day trading. Good above/negative below. Nasd 100…mvg avg resistance is 4388-95. Bonds … Bund…154.52 is today’s resistance FX… USD/JPY…120.72 (82.83 Futures) is the 200 DMA. Spu’s up = Yen down. Euro…is … Continue reading
Stocks… Spu’s… 2020-23 is closing resistance. Bonds … 30 Yr. Bonds…152.00 is cloud resistance. 151.20 is the 50 DMA. with a neutral RSI you just have to wait and see if the treasuries can push higher. TLT…118.70 is mvg avg … Continue reading