I guess the Swiss know when it’s the right time to buy. Indices received a big boost on last nights China data. We’re now back to the weekly breakdown levels of 2 weeks ago. Spoo is now 160 points off … Continue reading
All about the metals this A.M. Platinum leads. Four weeks ago today we put in a high in the Gold before a Friday Unemployment release. Platinum has been on a totally different path. Platinum is at a short-term go or … Continue reading
Indices are @ closing resistance. Don’t over trade the level. Swiss Franc Futures appears to have broken out above its mvg averages. USDCHF sets up differently on the daily. Weekly shows a potential breakout pattern, however these patterns have failed … Continue reading
ACB…The Room locked in money @ 19.40 Powered by SNB buying Indices are coming into target areas as London closes. Algos sold Miners for Risk assets. Newmont is emblematic of the flow. Could be a break to nowhere. Disney call … Continue reading
Daily Market Intelligence 4-27-20
Time for a little money management. I’ll be rolling up the August 25 GDX calls this A.M. After a $100 vertical move in Gold it’s the prudent play. SNB woke up to a strengthening Suisse last night. Looks like they … Continue reading
Stocks… Spu’s & Nasd 100…trade the early NY price action paying close attention to yesterday’s lows. Line…needs sustained price action and a close over 11.00 for higher. BPT…has been behaving much better than Line with an ORH day. 74.85 is … Continue reading
We’re seeing the running of the lemmings with some prolificĀ bottom fishing in the usual big Cap names. FCX looks to be leading the pack. The big question ” Is this just another rally to nowhere from a very over sold … Continue reading
Obviously last night the Swiss screwed the most amount of traders it could. Let’s take a step back and see what this cross really has to do to change course. 122 is unchanged on the qtr.( last night’s high). Big … Continue reading