Who’s your Daddy? Who do you believe? Names and sectors are responding the same way on the up as the down. CAT & DE were in focus early yesterday in the room. Let the day unfold, for it is the … Continue reading →

Spoos…momentum and its 200 DMA are a match in the mid 6650’s. Metals are attempting to form up again although I’m not biting on this trade. Spoo/Gold is sitting right at the bottom of its qtrly cloud. This is where … Continue reading →

Keep your track shoes on. Friday saw the macro qtrly S&P sell stops elected. Spoos just hit resistance on the 150 point & figure matching major mag average resistance in the Risk spreads. Bond rally railed right where it was … Continue reading →

All the action is in Brent Crude and Dutch Natty. Grains with Kansas City Wheat leading. I’m looking for a retest of 110 ish in the 30 Yr. via 112.00. Gold and Silver will need to close above today’s early … Continue reading →

Judd’s room will be closed for our qtrly private event Friday. Invitations will arrive at the usual time. Gold wants to trade another 3-400 dollars lower. Of note the lack of demand from Asian central banks at this time. You … Continue reading →

Rollover is here for the Equity Indices. June is front month. I will not be commenting on the Indices for a couple[please of days. Oil support is into 92.25 Short term resistance is app 100 bbl. It was tempting to … Continue reading →

Risk spreads held momentum support last night with Spoos putting in an early low. Once the ES regained its 200 DMA it never backed off. Oil matched the price action with price rejection just shy of 103. Below 96.75, Oil … Continue reading →

Indices filled out the Point & Figure charts going into London’s session before rebounding off their respective 200 DMA’s. This initial patterns have been completed. It will be an end of day game to see who wants risk. Energy and … Continue reading →

Monday I listened to an FRA podcast with Trade Ferg. https://youtu.be/wfhcBVnHizs Apologies for the Video quality on this one but he had some interesting ideas. I’ve attached Coal and Ferg is particularly interested in Coking coal which I couldn’t find … Continue reading →

I remain skeptical that Trump’s rally speech will make a difference e in the path to Index targets. The metals responded with the A.I. names for a nice rebound. Gold is running and capping metals rallies.