Nikkei @ ATH with the Spoo’s. Both will need to stain higher from these levels on a weekly basis. Nasd/Bonds and Spoo/Bonds show it’s at levels with no trade location for buyers. I have much higher targets in the Indices. … Continue reading →

Palo Alto is running the show this A.M. Looking for a low as it’s coming into the buy zone. Nvidia buy zone is into 500. Spoos will take price action under yesterday’s low for a run to 4932. Put on … Continue reading →

Mind the Pit gaps this A.M. for shorter -term traders. 30 Yr. Bonds traded into the double bottom level that elicited a 14 point rally in Oct of 2022. Markets have memory. It a lousy place to be short even … Continue reading →

It’s a Bull market with Risk spreads positive going into a holiday weekend. Most participants will be gone by London’s close. That includes me. Judd’s room will be closed Monday 2/18/24. 2/19/24 A.M. Look will be the next written research. … Continue reading →

Follow the Bonds early. Pit gaps will run price. 120.25 print is needed to put an initial high in rates.

5K spoo is going to be troublesome. Nasd 17,900 print is needed to define yesterday’s low. Many in the room got long Spoos & Apple after the weekly ORL sell stops were elected very late day. Penn was on it! … Continue reading →

The Pit Spoo & Nasd chart will be your friend today. Spoo will require a 5032.25 print to gap fill/ Nasd 10017,911. Early Spoo support comes in around 5000. 49.74 print is needed for a reversal on the 100X3 Nasd … Continue reading →

30 Yr. Bonds require a 120.08 print for Friday to be a tradable low. Watch the spreads for market tone. Spoo/Russell is coming into the FOMC hold level. Oil either holds right in here or is vulnerable to a move … Continue reading →

The targets are on the sheet. Bonds are deciding whether or not to take another leg lower. Russell has led the past two sessions. Looking at the maps I’d look for the Spoos to start leading again. Bitcoin is up … Continue reading →

Yen and the Nikkei are getting interesting. I just calculated the full potential swing count in the Nikkei over the ATH Matrix #. It’s an enormous swing that can play out over years. So far the Nikkei has been strengthening … Continue reading →