It’s an Amazon show. Semi’s are soft with aluminum producer Alcoa up leading BHP, VALE & FCX firm. Spu’s would require a 2696.50 print for a pressure relief reversal. I have no interest in being short. 30 Yr. Bonds are … Continue reading
Morgan Stanley earnings was positive. FCX,BHP,VALE & RIO are trading well with a risk on board. They are set up for higher prices. VXX…39.53 is today’s 200 DMA VIX…13.24 is today’s 200 DMA Oil…inventories today @ 9:30 CDT. 66.80 is … Continue reading
Daily Market Intelligence 4-5-17
Daily Market Intelligence 2-14-17
Friday i thought that Copper and the U.S. Indices had come far enough as to warrant some back and fill. My best idea was to just walk away late day Friday and keep my private wealth guys from hedging. We’re … Continue reading
Stocks… Spu’s….1942.50 is the 50 DMA resistance. Near term support will be at Thursday night’s high of 1922. Midcap…61.59 is the 50 DMA. Both the Midcap & Russell have similar patterns. Bonds.. 30 yr….166.20 will be pivotal over the next … Continue reading
Here is a group of names that are all trying to bottom. Some have already gone from support to resistance like VLO. These will all be in play after the Fed release if the Equity Indices hold the first break. … Continue reading