Monthly Archives: November 2024

A.M. Look 11/26/24

Spoo will require a 6025 print to remain bid. By not printing 6125 Spoo remain vulnerable for a retreat to 5950. Russell back and filled last night. You could see some wiggle off today’s and tomorrow’s Economic data. Rate wise, … Continue reading

A.M. Look 11/25/24

I’m not buying all the B.S. I’m reading. The world has been saved with the Treasury Sec nomination. I’m going to focus on price not all the projections from all the prognosticators that are telling me where the market is … Continue reading

A.M. Look 11/22/24

Just a user note for new subscribers: Langer and I compare notes around 7 A.M CDT. David has a process honed over decades to generate his work. It is very precise. I come at it from a different perspective. When … Continue reading

A.M. Look 11/21/24

Today is a Gann day. Gold hit the magic # and initial resistance. 2640 print is needed to confirm aa short term high. Indices…same game. Gold/Bitcoin is close to its ATL which I thought would roughly match up with the … Continue reading

A.M. Look 11/20/24

Follow the Pit gaps in Nasd & Spoo for early trade. Spoo gap is filled with a 5964.25 print. Above you should not be looking to fade. Currently 5937.50 print is needed for a short term correction. U.S. risk spreads … Continue reading

A.M. Look 11/19/24

It’s tomorrow into Thursday. I’m expecting more range bound trading today. Precious metals had a nice bounce with the Bonds. Bitcoin is in its own world. 30 Yr. Bonds have a nice bottom particularly when looking at a weekly chart. … Continue reading

A.M. Look 11/18/24

We saw the algo unwind late Friday run by the Nasd high on Election Day. That bounce went to the balance line. The indices are caught waiting for Nvidia to save the rally on Wednesday. Spoos will require weakness below … Continue reading

A.M. Look 11/15/24

I got the retrace I’ve been expecting in the Spoo since hitting its Fib screw level on Monday. Last night price action gave me the level I was looking for. Today the game is onto 5925 for a bigger reversal … Continue reading

A.M. Look 11/14/24

The metals can go much lower and I presently have no interest in buying for anything but a very short-term wiggle. Gold/Bitcoin closing below 2667 can elect a whole new big swing. Euro should find initial support around 104.55 on … Continue reading

A.M. Look 11/12/24

I got the print in the Spoos I was looking for last night for a pressure relief on the 50X3, a retest of the extensions. This will be a pivotal hold level or it goes another 60 Points where you … Continue reading