Wheat is the best looking thing on the board. It’s held 4.62 on several retests Equity Indices..will be a big time frame trade. Traders have been pressing the short side into London’s close. This flow should continue through the close. … Continue reading
Daily Market Intelligence 5-12-16
Daily Market Intelligence 5-3-16
Wheat, Soybeans & Gold is where the Money is going. Grains are trying to break out to the upside. Wait for the close for confirmation of strength. Soybeans Soybeans Weekly JJG
Stocks… Spu’s…sell stops are @ 1897.25 NASD 100… 4238 (unchanged on the year) “last night’s high” 4180-85 is near support. There is a 10 point wiggle room at this level. Nasd weakens below. GOOGL…put in an ORL day Friday. 621 … Continue reading
Stocks… MVV…77.95 is the low risk buy level. Only a close below 77.29 (it’s 200 DMA) turns it lower Spu’s…we’re back up at the higher end of the range. 2061 is the lower end of value on the point & … Continue reading
Stocks… NXP,FSL & ACT are in the news this A.M. Euro Stoxx 50…would need sustained price action under 3563 for profit taking to ensue. Bonds … 30 Yr. Bonds…(H) needs over 147.27 resistance for higher. FX… DXH5…Dollar Index needs … Continue reading
BUY JJG @ 36.95 Stop On Close Wheat needs a close over 5.425 for an ORH day. JJG needs a close over 36.88 for an ORH day. I’ll buy the strength in the JJG with a confirming chart pattern, hence … Continue reading
Stocks… DAX…10,000-10,050 is the resistance zone and the closing upside pivot. Bonds … 30 Yr. Futures…the world is trading (H) March Bonds, however I’m in Dec Bonds which need to hold around 141.31 to avoid a further slide. FX… Euro…122.30 … Continue reading
BUY JJG Market On Close! Wheat has put in an ORH day. Beans look good and primed for a rally.