Sheets are out. Spoo are picking up the qtrly pivot. You want to see who has the brass stones to average into tomorrow. In other words you’re waiting to se3 if there are any buyers first of the qtr. Nikkei … Continue reading →

Do not chase anything! Spoo 150X3 says it all. Risk spreads are all lifting with their respective qtrly ORL levels. CQG decided two start the new qtr today so all the long term spread bars are off! Hopefully market data … Continue reading →

New sheets will be forthcoming late Monday. As long as the indices stay relatively weak I’m expecting Gold to outpreform Bitcoin. Bitcoin requires a close over this weeks’ high to gain upside momentum. The only thing that matters are Monday’s … Continue reading →

Bonds seem like they’re somewhere but they aren’t. Spoo low was 50% of the Pit gap and bounced, which is just a classic technical reaction. Euro is up on all the crosses. Watching the entire board for follow through, in … Continue reading →

It’s freakin Wednesday with very little volatility. Indices, Risk spreads and Bitcoin are consolidating ay resistance. NO change in the technicals. Copper is off to the races on a Wednesday which for me is a do not chase. Risk is … Continue reading →

Indices and risk spreads must prove themselves. We are currently into an area I was looking for price rejection yesterday. Gold /Bitcoin finally filled its gap yesterday. Much through the levels on the sheet the markets will be marked up … Continue reading →

We have breakaway gaps to the upside in the risk spreads and the Indices. Much has been written over the weekend that the worst is over and we’re back in rally mode. So far the indices are back to the … Continue reading →

First Nasd is at the bottom of a consolidation pattern. The Short end was the feature after the meeting g and stop is. Spoo will require a 5675 print in June for further downside. Many of the major currencies are … Continue reading →

Waiting for the FED and the expected inane question hour. Copper has been rallying since the Ca. fires. 30 Yr. Bonds are in a tight range. Waiting for clarity. Indices…best be looking at the right chart. Gold…a 3020 print would … Continue reading →

Make sure you are using the correct chart! Gold is this mornings feature making new highs against the Yuan. It’s into a caution level vs. the Yen and 30 Yr. Bonds.