Daily Market Intelligence 10-11-18
XLY held this A.M. providing the impetus for a rally. SQ,AAPL,NOW, ADP,UNH all put in notable lows. NFLX will be bid above 355 DIS breaking out after CNBC bullish comments late yesterday. XLY…looking for 14 ish … Continue reading
Daily Market Intelligence 10-9-18
I tried one Long in the XLY against my Long VXX calls. I pushed the trade losing $1 dollar after commissions. XLY ..failed to get anything going above the weekly close. Adios. I need to see Consumer Discretionary bottom for … Continue reading
Daily Market Intelligence 10-8-18
Indices are still a wait and see game for late day. MY bias is to sell rallies. Have bought VXX call spreads out into November The money is flowing into BRKA. Amazon and XLY have failed at their Mvg averages … Continue reading
Daily Market Intelligence 10-5-18
XLY has topped. Spu’s are eyeballing the low 2590’s for a reversal on the 50X3 You have another hour left in this capital flow before things can stabilize. The street is hiding out in Berkshire
Daily Market Intelligence 10-3-18
Daily Market Intelligence 10-2-18