WhiteWave will be closed for MLK day and the ascension. Nasd/Bonds will need under 187.40 to weaken. 30 Yr. Bonds should trade @ or just over the qtrly pivot. A 114.00 print is required for a reversal on the 32X3. … Continue reading →

This A.M. I will focus on the Bonds again for clues to direction. To recap Tuesday I told the room to get long Gold because the Bunds showed a massive bear trap. We go the bounce + a touch more … Continue reading →

Follow the Bonds for an initial reaction. If you took my call over the past two sessions to buy Gold in the 2670’s it’s time to lock in some money. I went over it in the room several times and … Continue reading →

Spoos held where it was supposed to for a bounce yesterday. It has put in a pressure relief reversal on the 100 to cloud resistance. It will take a 5925 print to. think yesterday was anything more than a big … Continue reading →

Full Moon trading. Many instruments are either coming into or under the Election Day high! Looking for an initial bounce out of here. There are too many matches with the Risk spreads, targets , FX, pretty much everything. I have … Continue reading →

Last week we’ve been featuring Gold/Bonds and the breakout to new all time highs. This remains a buy on any hard break of 30-40 dollars. GoldinSuisse is at new all time highs and is leading the Gold rally in FX … Continue reading →

Spoos had a pretty good bounce off unchanged on the year. Within the past hour the ES has come back to retest the level. There will be resting sell stops below. I remain bearish with the 30 Yr. breaking. Looking … Continue reading →

Waiting for today’s Bond auctions. We’ve discussed the possibility of a failed Bond auction as a catalyst for a rather large market moving event for over a year. 30 yr. Bonds will require sustained price action over the qtrly pivot … Continue reading →

Euro will take all new strength above the high to extend as confirmed by the Yen crosses. Follow the Yellow brick road. Not withstanding a a Plaza Accord fib in the Euro just check your sheet. The levels are all … Continue reading →

Risk spreads are not confirming this up move in the Indices. Having said that we fully expected first of year buyers. Spoo will require a 6000 print and the Nasd 21,500 to turn up. Euro…beware the Plaza accord fibs!!! The … Continue reading →