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.

It’s going to take a little while for the board to get going this morning. FX has rolled to June. CQG indices will roll tomorrow.

Everything I’m reading this A.M. has the daily newsletter society gagging for risk. The lows yesterday into the Full Moon could certainly pause the slide for a wiggle up, however I need to see the Spoos print 5625 to entertain … Continue reading →

Long Gold vs the 30 Yr. and Yuan is and has been the feature for the past week. 30 Yr. …116.00 is the reversal # on the 32X3 115.18 is the near support on the 8X3. No change in Indices. … Continue reading →

I’m in observation mode. Copper is leading the metals complex. The miners leave me nonplussed. Many instruments are making up their mind today. Spoo will require a 5662.50 print for yesterday to a low. By the way, Langer gave everyone … Continue reading →

Technical models are down. A few big names like GOOGL should trigger their qtrly ORL sell stops. The bigger game is what happens when the risk spreads run their respective QTRLY ORL sell stops. It’s coming with 3 weeks left … Continue reading →

Markets are not buying the tariff talk after the close. Euro is gaining all FX pairs, in particular the commodity currencies that sided with the U.S> against China in trade. Nikkei is putting in an ORL qtrly pattern as the … Continue reading →

Awaiting the ECB. Bunds are bouncing off 126.42 to fill its gap. That’s a level from 2009. I almost forgot it’s one of those pesky rejection fibs. 30 Yr. Bonds confirm this weeks high with a 116.00 print Spoo…5767-75 is … Continue reading →

Euro & EUR/CHF have hit resistance. European debt is rolling, don’t Get too caught up with the weakness today. Lumber hit its first target yesterday. I remain bearish equities. Internet has been wiggy so it’s tough to send.