Risk spreads held a retest of their respective 50 DMA’s last night and now have a relatively neutral bias. Euro must break and close below 101.72 for lower. I would imagine the big bad wolf will get to Europe in … Continue reading →

The let em eat cake President is at it. I’ve no interest in buying this break for anything other than a small wiggle. If I were Mexico I’d tell Trump to fix his own house first and pass responsible gun … Continue reading →

I’d expect to see a little wiggle down to fill the pit gap in Spoos. Risk spreads are positive with over head gaps much higher. Gold hit David’s target yesterday and has backed off. Silver shows resistance on the long-term … Continue reading →

The obvious takeaway from yesterday’s presser was the idiotic question Steve Liesman asked to start the Q&A. Below is the FRA 4 Horseman podcast. Fabulous! https://youtu.be/nlw5XQodGic Gold has rolled to April with a $23 premium. Risk spreads are rolling over … Continue reading →

It’s you first day. The early part of the day will be run by the Pit gaps in the Indices. I’m expecting earnings this afternoon will be more impactful than the FED.

Buy the hard break and sell the hard rallies today. The indices are deciding direction. Spoo 6075 is the first level on top. Nasd…21,430 is the level. Oil…74 is the short term upside hurdle. I’ll review names after the opening

Euro benefitted from the BOJ last night. Jan 13th was a big time low in Euro. Last night it went neutral on my work, however I’ve told those that would listen in the room that I was looking for a … Continue reading →

FX is roughly unchanged with the Bonds down almost a point. Bonds are moving matrix to matrix. Risk spreads are positive, meaning I would not get too Bearish. Gold should initially hold around 2737-45 level. Spoo support is at the … Continue reading →

This last bit of the rally is al NFLX. Gold is breaking above the election day high. Risk to own is a close back below that high. European banks have been extremely strong. DAX/Bund is not bearish Perhaps this is … Continue reading →

The Bonds have pit in a pressure relief reversal on the long-term PNF. This simply means we now have parameters for the next potential move. Indices and the dollar are caught and await Trumps next move. The good news for … Continue reading →