Grains came back last night. Gold is going in crypto as well as in FX terms. GoldinEuro needs to break above daily cloud resistance. Gold/YM hit daily could resistance @ its 50 DMA. On a relative basis its holding up. … Continue reading
Spoo’s and Nasd are trading unchanged on the week. I have no interest in figuring out the Options machinations for today and how that will reflect on price in the Indices. Grains are in Play; A lot of smart people … Continue reading
Spoo’s want to print just shy of 4400. Platinum rallied with Risk assets. Disney is putting in an ORH month. I featured it early in the room. CLF,TM & Cat were highlighted coming in. They all preformed well. Nvidia, NXPI … Continue reading
Gold and the breakfast club (Grains) have a bid along with the Dollar. Spoo will need a close under 4286 for a high to be in place. Time frame trading and don’t fade the late flow.
Yesterday saw what happens to fundamental traders that know where the market is supposed to be. They were massively rinsed because they do not use stops. Their stop is when a PM taps them out. Soybeans and Wheat Put in … Continue reading
Spoos held last night! Using the 50X3 for risk management. First chart is June 25X3. Sept must close above 4196 which is the continuation weekly ORL. FX; Dollar bid is bigger than I would’ve thought. Gold has completed a 50% retrace … Continue reading
Fastly outage in Europe, which shut down several websites, provided a small break in the Indices. Follow the money; Rouble and Peso are strong and so is their country ETF’s. Gold had a small back and fill. Using 1888 for … Continue reading
It’s summertime and we’re seeing markets slow down as investors choose outside vs. the screen. Unless I see something compelling I’ll use the short form. Things should pick up later in the week into next. Brazil and Mexico look great. … Continue reading
Spoo’s have a double top on the 50X3. They are in a range between yesterday’s low and last nights high. There is room on the 100X3 to print the high 80’s and back off again. Grains; Corn and Wheat want … Continue reading
Daily Market Intelligence 5:10:21