In today’s FX Hour, we discussed equities correcting after reaching new highs and a stronger dollar We discussed commodities continuing to slide and gold prices falling I anticipation of no inflation. We even looked at CPI and disinflation in the markets. We discussed the further strengthening of the U.S. dollar and market correlations.
Market Profile Value Areas and POC figures for /ESU7 and /NQU7 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 […]
(JP Morgan Chase – Wells Fargo & Co ) Well Folks! our pair is just ready to go short and it actually closed $0.10 above our expected short entry of $33.75. One little fly-in-the-ointment, was that we did not get a true overbought reading of 90+ to 95+ on the RSI Wilder and presently at […]
An update of the WTI Crude Oil spot price daily chart is posted below. We discussed a potential short squeeze opportunity in the June 11 issue of the ShadowTraderPro Swing Trader. The blue oval highlights the extent of the reversal higher that occurred. As we stated in the June 11 issue, if oil didn’t squeeze […]
U.S. equities continued to record highs driven in part by the announcement of Amazon buying Whole Foods and the return to bullishness in the FAANGS. As equities climbed so did the dollar and commodity prices pushed lower. We are watching for the dollar to clear the near-term resistance for a more convincing run as the […]