Posts Tagged ‘ ES_F ’

Market Getting Extended

The market ripped higher yesterday slicing through that 20 day moving average like butter.  We ended the day right under the 50 day moving average and this morning the $ES_F is up almost 5 points.  Take a look at the $USDX this morning, it’s surging off a strong level of support, but equities haven’t moved. [ READ MORE ]

Jobs, USDX, ES, and Rates

I hope you all get it by now, that the negative correlation between equity markets and the US Dollar is broken.  In fact, we’ve flipped all the way to a .5 positive 30 day running correlation.  A few months ago if the $DX_F dropped like it did this morning, equity markets would have been flying. [ READ MORE ]

Back to the Bottom (of the range)

I’ve been warning you for a few weeks now that momentum in the market has stalled out.  Many weekly time frames were looking ripe for a pull back if not a complete end to the rally, see $AAPL.  Market leaders have been slowing getting picked off, one by one, like apples from a tree.  Traders [ READ MORE ]

Straight Lines

Today was all about moving in straight lines.  I won’t opine on what that means for the market, just pointing out facts.  Crude oil $CL_F moved straight up between 8AM and 2PM.  When I mean straight I mean straight.  Traders are chasing crude now, the guys in the pits are having a ball, and stubborn fundamental [ READ MORE ]

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