Pro Tips

A.M. Look 3/27/23

Spoo’s…looking at the mid to high 40’s for initial resistance. 30 Yr. time frames look different. 129.31 is the reversal #. 30 Yr. will find bounce levels every full point lower. Risk spreads are positive but I have no wish … Continue reading

A.M. Look 3/24/23

Can you hear the Wicked Witch of the West? I’m Melting! I’m Melting! Oil just hit it’s initial downside swing count for this wiggle. I have no interest in picking a low, although it could have another bounce coming into … Continue reading

Daily Market Intelligence 3/23/23

Inlets night’s edition I thought you’d see two 50 point spoo moves with an eventual 100 point move. BIngo on the moves. What happened in the middle was a little challenging. At least a few members were on the Gold, … Continue reading

A.M. Look 3/23/23

Spoo/Bond held its 200 DMA on the close yesterday, hence the comment Show me. Spoo has to sustain price below the mid 3950’s to elect lower targets. Selling weakness into the 200 DMA in the spread will be disastrous to … Continue reading

Daily Market Intelligence 3/22/23

Expect lots of volatility tomorrow afternoon. New Index lows will be a bear trap the first time down into the gaps. Last FOMC we saw two 50 + wiggles and a 100. Would not chase the first move. Gold..can hold … Continue reading

A.M. Look 3/22/23

One of the best interviews I’ve seen in ages, John Stewart’s latest show on inflation. Pragmatic questions to a master of the universe, a financial illuminati, who proceeds to lose his mind.,vid:tU3rGFyN5uQ I’ll go over the technicals in the … Continue reading

A.M. Look 3/21/23

Welcome to Gann day. Oil and the long end of the curve are in play. Yra wrote a blog last night that is front running all the headlines. Price would suggest that the FED will be pragmatic and pause, particularly … Continue reading

A.M. Look 3/20/23

Spoo has completed its short term swing count to the downside. Gold…the fever has temporarily broken. Euro has gone high enough for now. Looking for a two way trade as J Powell listens to” The Night They Drove Od Dixie … Continue reading

Daily Market Intelligence 3/16/23

Tomorrow’s game will be played out in the Bond markets. The room caught the Spos for a couple of nice swings today. Spoos are unchanged for the past qtr. Sheila Bair wrote an oped in today’s FT, which is definitely … Continue reading

A.M. Look 3/16/23

I will be out of office this A.M. from 9 CDT-12:30 for appointments. Yesterday we stated that the move in the European debt was utter Huey. Currently European 10 yr’s are hanging on their respective 50 DMA’s. 2 and 30 … Continue reading