We’re into rollovers. May (K) Beans is front month!!!!!!!!!!!!! June (M) Bonds will be up on everyone’s front end today. Next week will be the first week of June volume overtaking March. Know what you are looking at!!!!!!!!!!!!!!!!!! I could … Continue reading
Indices are attempting to hold a Wednesday low. I’m more interested in where the rallies run out of steam. So far the 50X3 and the 100X3 cloud has stopped the downside. We’ve been over this territory before across all asset … Continue reading
Today’s exercise was evaluation Short Spoo, Short Bonds/Long Copper. Both the above spread and Copper/Bonds will take all new price action from this level to extend. Currently this is matching up with a 50 % level in the straight Spoo … Continue reading
Kudos to Andrew for finding the map of the week. The chart shows Short Spoo/Short Bonds/Long Copper. As discussed late day yesterday, it is matching up with a 50% level in the Spoo, a good PNF low on the 100X3 … Continue reading
Oil Expiration; Bruce pointed out that we’re trading at the previous Fed day low in the Indices. Pit lows from Friday will run the early price action. Note the gaps above, which leaves a lingering cautionary tell for new bears. … Continue reading
Daily Market Intelligence 2/17/23
We’re going into a holiday weekend. NYSE is closed on Monday. Judd’s room will be closed on Monday. 2-10’s have hit resistance. 30 Yr. Yield is into closing resistance. ” Selling weakness in the 30 Yr. Futures is a fools … Continue reading
Spoo/Bond @ ATH I went over this ad nauseam for the ramifications obtruding the indices. Spoo just rallied all day to nowhere. Which market is lying to us today? Is it the Dollar or is it the Indices. If the … Continue reading
Waiting for the #’s Spoo will need a 4143.75 print to begin to back off. Looking @ Spoo/Bond it could back off as much as 40 ticks and be a complete Bear trap. Pay freakin attention to the charts. 30 … Continue reading
FRA Podcast with Yra and the FED Guy https://us02web.zoom.us/rec/share/BLGd4O8IXOkk8NHaSOJNlg0UvNe0aeLSDd5Xi0T9S5rWrXDAGfTdcdMZj72VETWf.Nz2UROf_JaM4aLiq This is a fabulous podcast!! Spoo/Bond is making all time highs along with the FTSE. This speaks to the condition of the market, which means you can’t expect to get rewarded … Continue reading