Monthly Archives: June 2023
A.M. Look 6/26/23
I shouldn’t have to tell you to pay attention to the U.S,. session only charts, for they are running price. Oil is trying to bottom against Natty. The low risk buy before you sell is its 200 WMA. 30 Yr. … Continue reading
A.M. Look 6/23/23
30 Yr. Bonds are stuck in a 3 point range. Spoo…will it trade 4450 or 4350 first? Wait for direction to set up. The room was looking at the long side of the Gold late yesterday. I couldn’t get the … Continue reading
A.M. Look 6/22/23
Yesterday’s Oil close is the poster child for not chasing direction on a Wednesday. If you haven’t listened to the FRA Podcast, best do it!. https://youtu.be/nDYtMvf0aKI U.S. Indices gave me all the back and fill I need to see for … Continue reading
A.M. Look 6/21/23
Summer Solstice, Gann day Mid week shuffle and a line up of FED bloviators speaking as Powell gets grilled in front of congress. I’m looking at the long end of the curve and the weekly gap in Pit Spoo/Bond. Same … Continue reading
A.M. Look 6/20/23
I”m always amazed by the lack of vision and myopia of the 5 minute horde. Friday was yet another example of paying attention to multi-decade levels in the currencies lining up with back and fill in the Indices. FX first … Continue reading
A.M. Look 6/15/23
There is a lot going on. Yen crosses are on fire, with Suisse/Yen near 5 decade highs. GoldinEuro is close to its 50% for this swing, with Gold back at the bottom of its recent range. 30 Yr. Bonds; every … Continue reading
A.M. Look 6/14/23
Day traders have the possibility of three different wiggles today. 30 Yr. Bonds will be an important tell. I have higher targets in the indices. It’s a question of early or late. Follow the yellow brick road!
A.M. Look 6/13/23
Nasd has reached a 50% target level with the Risk spreads weakening ahead of the inflation data. Names that appeared on pattern recognition and are worth a look. IRBT,SAP,AEIS,CDNS,JNPR,NOK,AEL,ROP,MNST There were many banks that put in ORL day. Nasd has … Continue reading
A.M. Look 6/12/23
Sept Spoo is trading @ a 45 point premium to June. Sept Nasd is trading @ app +150 points to June. Anybody Bullish out there? Those that have taken the course should know what charts to look at and how … Continue reading
A.M. Look 6/9/23
Not interested in shorting the indices although you could see one small back and fill off the gap up in TSLA @ its 400 DMA. Gold is the interesting asset. It’s been going against the Yuan and our Yields. Before … Continue reading