Stocks...
Spu’s…sustained price action and closing 2054 should lead to a running of of the 2033 pattern sell stops and a test of the 200 DMA 2025-22
Bonds …
30 Yr. Bonds… we got the print @ 153.11 last night.
Bunds...imploded last night completing a 30% retrace of the past 2 yr’s.
The qtrly chart shows a major longer term top forming.
FX…
Commodities…
OIL…after taking a look at the longer time frame charts and where it stopped mid-week,
I pulled my order to buy. This will need a day or two to sort itself out.
We either get a little more weakness and rally back up or we see the start of a move into the 55 handle.
Point & figure shows anything under 60.25 will weaken the Oil.
General Comments or Valuable Insight
There’s something happening here what it is ain’t exactly clear.”Buffalo Springfield”
We’ll let Yra shed a little light on us.
Everybody look what’s going down…Bond Futures and the Dollar
Bonds markets have come a long way down since last Tuesday into target and over sold territory. Beware the biting bear.
Trade the big macro areas or stay out of the mix.
Time Frame Trading!
