A.M. Look 10/4/24

Yields are backing up across the curve with the 5 & 10 yr. yield back above their respective 50 DMA.

Risk spreads are positive led by the rates.

Oil has a full swing count close to 78. 75 starts initial cloud resistance.

I have no interest in chasing this rally.

Uranium is flirting with it’s 200 DMA

Metals remain firm against the rates.

Indices have given me all the initial downside I wanted to see this week.

I’m in a show me state.

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