It’s Wednesday and we’re at the lower end of this recent consolidation in the Indices. I’d expect a two way trade. Metals are in consolidation mode and mildly constructive against FX. Risk spreads remain firm. The dollar has room to … Continue reading →

Spoo & Nasd elected the stops above the double tops, although the Point & Figures will require prices a little higher than this A.M. highs to breakout. Bitcoin is retesting last week’s break out. Coffee is worth a look given … Continue reading →

30 Yr. Bonds are getting to a level 112.14 ish. This is an important level for momentum as below you can se another 4-7 full points. This type of move would keep the risk spreads firm. Bitcoin is the clear … Continue reading →

There is little volatility to think we can back off. EP/DD trading into its balance line yesterday, kept me from getting bearish. Typically when you get to that big green line direction stops. Bitcoin is close to breaking out for … Continue reading →

Indices are consolidating at these upper levels. Treasuries hit the lower end of their trading range. Oil requires a 69.12 print to put in a reversal on the 144X3 The noon 10 Yr. auction should provide some price movement.

Bonds on both sides of the pond are at the bottom of value. It takes a couple of days to get the lemmings going in the other direction, in the meantime risk spreads remain positive.

I’ve been positive the indices for the past few weeks looking for higher prices going through the end of the qtr. into the second week of July. Ok, we’ve got that flow. I’m now looking for the mid-week shuffle to … Continue reading →

P latinum spreads against the pretty much everything was in play last night. While I remain Bullish Gold & Platinum the key to price has been in the spreads. I spent some time on this in the room yesterday, given … Continue reading →

I’m not bearish equities or metals yet the charts tel me no to press direction. Most instruments are doing the April low swing bringing the 30 Yr. Bond into major congestion and target level @ 116 ish. Gold is back … Continue reading →

Qtr end. Do you feel lucky? I’ve gone over the flow dynamics for several weeks and the calendar effect. It won’t change. Do you wish to fight the flow hoping for an inane statement from fearless leader? Don’t fight the … Continue reading →