Some days I have a very clear view of price. Tonight I feel like the Angel From Montgomery who wakes up and has nothing to say. I this a mid week high and a rally to nowhere in the Indices? … Continue reading →

Every trade is the same trade. Spoo, MSFT, GOOGL Dollar Index all stopped at their respective 50 DMA’s MSFT has a habit of trading lower after earnings, only to find voting in the A.M.. Just something worth paying attention to. … Continue reading →

The story line takes time to develop. Technicals are always the leading indicator. Yra has been positing the problematic dollar for quite a while. Euro & Pound hit 4 decade hold levels last month. They were free exit zones for … Continue reading →

Daily Market Intelligence 10/25/22

Chinese are bailing on China with a weakening Yuan. The short end of the U.S. curve is close to breaking higher yield momentum. 30 yr. I consolidating and bouncing a bit off a key technical level. Italian debt is leading … Continue reading →

Friday’s initial high @ 3725 in the Spoo and reversal # on the 100X3 remains the key downside level. Yen held it’s first intervention High and weakened to support. Be patient for what is next. GoldinYen is very close to … Continue reading →

2 Yr. Futures are coming into the .618 of life of contract. The 10 Yr. Yield has broken out above its Yield opening range, confirming the 2-10. TSLA will be a key driver tomorrow. Pay attention to the weekly ORL … Continue reading →

Gann day today. Yen; the Futures set up differently than the cash due to the forwards back in the 80’s Yen Futures are already through their Plaza accord Fibs. I’ll stick with the cash and the target is 169 USD/JPY. … Continue reading →

TSLA earnings did not give the Bulls the umpff they desired. Technical models remain down in the Indices, FX, Gold and Bonds. Spoos are following last weeks playbook. 3725 print is needed for any rally. I will be cautious when … Continue reading →

USD/JPY traded 150, so far no reaction other than a buying of other Currencies via the crosses. Last night I put in a Mexico chart EWW. Peso has been stable and now unchanged on the year against the Dollar. A … Continue reading →