Markets are basically on hold awaiting the ECB rate cut decision expected on Thursday. Policy makers are reportedly debating a cut of 10-15 basis points in both the benchmark lending and deposit rates, which – for the deposit rates – would … Continue reading
Bulls were able to hang on to the upper part of yesterday’s range into settlement, but not able to advance above the Open Range. This creates a short-term high and displays some underlying weakness…With ADR (10) just 8.25 handles and … Continue reading
Recently both stocks and bonds have been moving in same direction which is atypical, since bonds are seen as defensive asset, while stocks are viewed as risk-on, and generally move in opposite directions. So recent movement has been confusing to … Continue reading
Yesterday’s key marker at 1912 held throughout most of the session until finally all the supply was absorbed, which pushed price upwards into stated price target zone between 1917 – 1918.50 into settlement. Trade opportunities were scarce as most of … Continue reading
Another relatively quiet trading session on Wednesday with a slight improvement in range above the prior day…Still at the historical low end of average daily range and nothing to get excited about. It clearly seems that investors/traders have simply “Walked … Continue reading
As the S&P continues it’s slow grind higher it is supported by improving Advance/Decline Lines together with a bullish Inverse Head and Shoulders continuation pattern. Small Caps have been the recent laggard, but there are now early signs of relative … Continue reading
Good Morning Traders! Welcome back from an extended Memorial Day weekend…Hope you enjoyed some R&R. I spent the weekend with friends enjoying the Northeast’s first major Regatta colorfully named: FIGAWI to kick off the official start of summer season on … Continue reading
In yesterday’s DTS Briefing we highlighted that price had reached initial 3-Day Cycle targets, and that any additional strength could carry higher into 1892.25 – 1894.50 zone. The actual high of day was 1894 even…so effectively a dead hit. Bullish … Continue reading
Mr. Market’s Three-Day Cycle Rhythm of establishing an extreme low swing followed by an up swing to an extreme high has hit on cue for several cycles now during current consolidation phase. The current swing is bullish having reached initial … Continue reading
The Title Song..”Same Old Song and Dance”..by Aerosmith comes to mind as I review recent price action this morning. Price pushes higher to key resistance…chop…chop..Buyers get their fill..and WHAM!…Algos enter and smash price lower to key support…chop…chop and the “same … Continue reading