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There is little to add to today’s DTS Report…Price held bid at or above the 2068 level support marker in prior day trade session. We will continue to view this level as “key support” to hold…Volumes were light as we … Continue reading
David Dube
As Mrs Claus (Fed Chair Yellen) gave the Markets an early Christmas Present last week, prices continue to hold firm at all-time highs. Barring any external “event”, our expectation is for continued firmness throughout the holiday season capping the year … Continue reading
World shares are on the rise today following a vote of confidence from the Fed on Wednesday that the U.S. economy was on track. The Dow and S&P surged yesterday to their strongest percentage gains of the year on the … Continue reading
So goes Crude Oil…So goes S&P…That’s the current relationship…As CL rallied yesterday, ES followed close behind to reach our target zone near 2010 handle Trade Strategy 12.16.14. Later in the session CL retreated into a lower trade zone as ES … Continue reading
With Crude Oil in a virtual free-fall with margin calls occurring on a daily basis, equities simply cannot overcome the negative momentum. As such, investors have continued to sell stocks in tandem with oil weakness…Until this has run its course … Continue reading
Friday’s late day sell-down into settlement (1990.75) may have been some final capitulation of longs, capping off a week of steady selling. From high to low measures approximately -4.08% covering 84.50 handles. Most if not all Market Internal Metrics are … Continue reading
Open Drive buying off the open created a massive short squeeze vaulting price up 20 handles during the morning session to reach STATX Zone…Only to give it all back and then some in the afternoon session as Crude Oil breached … Continue reading
Sell-Off continued pushing price past average range targets down to STATX Extremes between 2023- 25 zone. Today begins futures contract rollover…Front Month is March, 2015 “H”…Spread Discount = 7 handles. Today is Cycle Day 1 (CD1): Odds of a decline … Continue reading
Heavy aggressive selling continued in yesterday’s session pushing price down to 2033.75 deep extreme within our STATX Zone which was projected in Scenario 2 of DTS 12.09.10. Strong short-covering reversal sent prices vaulting back 27.50 handles in the afternoon session … Continue reading
Markets are lower in overnight and early morning trade as yesterday’s sell-down continues. In prior Daily Trade Strategy Report 12.8.14 we were anticipating weakness into this Cycle as the bulls had lost their strength to push prices higher. Price has … Continue reading