Writing schedule; DMI will be published tonight for Monday’s trade. WhiteWave will be closed for Rosh Hashana 9/10 and 9/11 The next DMI will be sent for 9/12/18 Judd’s room will be open today and will reopen 9/12/18 Today is … Continue reading
Indices are in park waiting for the next tweet about China. The bloviators are running their mouths about the Trump NYT article. It will take into the U.S. opening to see if anyone really cares. Risk spreads are sitting on … Continue reading
What’s Next? Our current view of the market condition is that it remains a tactical, short-term event driven market. Our long-term risk models indicate that after three months of sideways action, it continues to be a corrective move vs. … Continue reading
Currencies are a lemming effect trade. The patterns reverse after the next major time-frame. Equities are an easier read. Let the NYSE session set up.
The Dollar follow through is the overnight story. U.S. Equities will be a wait and see affair at the NY opening. I’m not looking to trade the Indices until traders have a little more time to sort through yesterday’s rate … Continue reading
I like the early lows in the Equity Indices. You still need to stick with the names that are not interest rate sensitive through the Fed. Cyber security names CYBR,FEYE,SWKS all held. AVGO, GLNG, RHT, & GWPH are trad-able against … Continue reading
Stocks… Spu’s…2054 is the pivot. Below… It can revisit 2022/ Above… Spu’s need a close back over 2067 resistance. IBB…299 is 50 DMA support, a must hold level. Price action back over 306 puts the Bulls back in charge. … Continue reading