Mexican Peso is gaining on the Yen. This is a risk on Indicator in a normal world. Petro China is the big winner in the Oil patch. 76.44 is initial resistance Spu/Dax U.S. Indices are gaining on Europe this A.M. … 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
Daily Market Intelligence 4-23-18
AAPL..166.87 starts support. 200 DMA @ 165.53 USD/MXN is reversing last Friday’s pattern and putting in a ORH week, weaker peso=risk off equities. GBP/USD…ORL weekly pattern working. The house of lords crowd are wearing the family heirloom attire handed down … Continue reading
Here is what I see. Mixed board..DAX & FTSE are nearing their respective 200 DMA’s Trump is tweeting down the price of Oil. AMZN received a PT upgrade to 1800. USD/MXN weakened with a Risk off board yesterday to it’s … Continue reading
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