As the world turns. Risk spreads are mixed with Spoo/Bonds attempting to hold. Nasd/Bond look sjust the opposite. Oil is gaining on everything. Crude shows a short-term double top on the point & Figures. Class members have the level that … Continue reading →

A big part of what is going on today is the squeeze in front month deliveries in Oil, a subject that I went over yesterday in the room. November is up 6 dollars. As for the Indices the levels have … Continue reading →

Late Friday we were looking for an algo unwind near the close. As of writing Nasd /Bonds rallied back to mvg.avg resistance. We’ll have to wait it out for descent trade location. With all that’s going on in Europe there … Continue reading →

Levels remain the same from yesterday. Nasd and Nasd/Bond Pit spread will run price. Nasd hit the magic # both ways. Let the day unfold. I remain Long Nasd from yesterday’s lows.

It’s Wednesday and the markets seem to waiting for a catalyst. I incorrectly thought that once the long end started to stabilize the Metals would pick up. Gold and Silver are still losing to Equities. Oil has big time resistance … Continue reading →

Nasd & Spoo risk spreads are negative with the Dow positive. Spoos gave the 7837.50 print overnight for pressure relief from this pattern. Financials are all positive along with UNH. Bonds are finally picking up with the overnight sell off … Continue reading →

Brent runs the spreads. Everyone wants to pick the high in rates because they’ve missed the biggest move in rate history over the past 5 years. My view, the 30 yr. has reached a major objective and can bounce, but … Continue reading →

Golden Week has ended and the metals spreads are best against the Yuan. Pit Spoo/Bond has run the show with a gap fill yesterday, which had me buy more Equal weighted S&P and Spoos. That’s the hard risk to be … Continue reading →

I will not be writing for the rest of the week, however the room will be open for the usual morning briefing. Yesterday’s session I reiterated that the Indices were in for day or two back and fill. The ORL … Continue reading →

A.M. Look 10/6/26