The board is back to a Risk On bias. 119.50 + – a few is the major resistance and inflection level from the Euro. Spoo target is 7236. Nasd has another 2k to go. Yesterday I bought more Gold and … Continue reading →

Gaps above and below in the Indices. Metals look constructive, which means I’ll take a look mid-week to see if I want any more exposure. Oil..I usually don’t look at the Pit session but tis gos to pay attention to … Continue reading →

I’d expect a couple of wiggles today, with both the Spoos and Nasd attempting to pierce their respective yearly closes. Many are picking Tuesday’s low as a big green signal for the market. Sentiment has gone from straight down – … Continue reading →

Just after the yesterday’s opening I exited SOXL for a 20% overnight gain. I’m using yesterday’s lows in the Oil for risk management. The same goes for in the Fertilizer & Oil names companies. Gold acts fine and is from … Continue reading →

Every analyst is looking at the wrong numbers when it comes to Oil. The majority of traders will be looking at the Fib extension on this chart. One should acknowledge the chart however this is an incomplete picture of where … Continue reading →

Everything about this board says to not chase the Administrations talking points that Hormuz is sorted. Gold will require sustained price over 4750 for higher. Silver over 75. Nasd/Bond is into major resistance. Trade the wiggles and do not get … Continue reading →

Fool me once Fool me twice. Nobody will be buying Trump’s bilge water going forward. Technical models remain down in the indices. Sell every meaningful rally. No one is deluded enough to think this Iranian fiasco ends over the weekend. … Continue reading →

Tomorrow a new qtrly sheet will be delivered. I’ll be sending one to current subscribers. If you don’t see the Sheet and you’re a subscriber you need to say something so I can correct the list. Margin selling seems to … Continue reading →

When you’re right you never have enough, but repetition will mean you have enough when you’re dead. Spoo is into a cover level I highlighted yesterday into the 6480’s. It’s just a level to wait for another opportunity to sell. … Continue reading →

The technical model in the indices will remain down. The war is over when Iran says it’s over. Captain chaos, with four trading days left in the qtr., has on the verge of as much deeper correction. The bulk of … Continue reading →