Midday Missive

Spu’s...after trying for two hours to push below 2177 (last weeks close)
Index trading will be a nite mare.Bears will try to close this below 2177. Good luck with that!
I’m not buying a 200 point rally in the Spu’s either! Not playing.

Look to the names.
30 yr. is trying to break out to the upside. Not playing!
Rotation this A.M. is back to the Utilities, Water ETF’s & Energy names.
Oil…back to the matrix bounce. 44.40-60 is next.
Currencies..it’s tough to trust a signal since they have been fleeting, good for only a time frame or two.
EUR/JPY...last night the pattern was good for 50 pips. Now its completely reversed.
GBP/JPY…shows a weakening cross. This likely continues into the U.S. Pit session close @ 2 P.M. CDT.
Have not traded the Currencies for a while, nor have I been featuring them in Daily Market Intelligence.
Day traders, enjoy.
​Molson...I’ve had my back done twice and each knee from Sailing & Skiing.
​My elbow is still intact and I’m usually game for an occasional beer.
This is a signal I’ll look for on the close.

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