In today’s FX Hour, we discussed the upcoming Italian elections and the reemergence of the Greek debt crisis. We discussed intermarket correlations and the consistent pull of the FAANGs stocks and defensive sectors moving higher. We discussed long term support in the U.S. dollar and struggling commodity prices.
Market Profile Value Areas and POC figures for /ESM7 and /NQM7 Futures are posted free every morning HERE. Click on any posts in the list on the left pane to see them in the main window. Don’t click on the ST logo as it will just refresh the page and you’ll get only the topmost […]
We noted in today’s Sector Trend Scores section that the industrial transportation sector ($DJUSIT) is overbout with seven consecutive higher closes. This move up is due mostly to railroad and airline stocks. However, the daily chart of FedEx Corp. (FDX) looks very similar to that of $DJUSIT. Please observe the chart below. FDX has been […]