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
If the market is not reacting to the latest tweet from Trump, it’s now reacting to Fed members statements as Harker talks up 3 rate hikes this year in a speech last night. If we’ve learned anything it’s we don’t … Continue reading
Daily Market Intelligence 1-23-17
Dollar traders… Going into the Speech i would look for Dollar strength to ebb. Euro & Yen are coming into levels that need to be worked through. Do not press weakness in the Euro & Yen into the Levels. The … Continue reading
Anything commodity related is ripping with the dollar sell off. The Dollar only has to hang around for the related instruments to keep going. Both Wheat and Soybeans are putting in ORH days. Wheat has the cleanest pattern which looks … Continue reading
Daily Market Intelligence 11-21-16
YUM Brands… Oil…followed through to its next # set and reversed. There is nothing to do with this. Gold…traded the 1205 Fib I’ve been looking for since the beginning of Oct. Not touching it at weeks end. Nasd is ok … Continue reading
Aside from a few names with positive earnings the Indices remain a range bound affair. The levels were published last night. Options expiration s today. Trade the capital flows and time frames. The general lack of interest to own U.S. … Continue reading
Price action remains negative Equities/Dollar positive with one hope rally last night going into London’s opening in the Euro and U.S. Indices which faded. Deutsche Bank is at new all time lows. It would take a close today over 14.13 … Continue reading
There are a lot of Fed speakers that will provide a catalyst for price action today. I bailed on my Wheat trade thinking I’d see a better entry level given Dollar strength. I have no interest in selling weakness in … Continue reading