It’s mid week and you know the game. Risk spreads are frothy. Dow looks to be the one to pick on. Gold and Bitcoin are both stretched. Today is not the day to buy, but rather to trim some. To … Continue reading →

I’m looking for two capital flows today. One on the early data and the next late afternoon on earnings. The early fly in the ointment is the double top showing in Spoo/Bonds. It’s concerning since it’s sitting right on momentum. … Continue reading →

Gold needs price action under 2730 to correct or over 2760 to extend. 30 Yr. Bonds came close to the 50% of the life of Futures. Nasd/Bonds put in a new all time high. Oil is flirting with its 400 … Continue reading →

The fever looks to have temporarily broken in the Silver. Silver is trading lower on the week against the major currencies. The initial bounce level we were looking for was 33.34. I’m not confident that the correction doesn’t go a … Continue reading →

I picked the low for an index rebound yesterday, although I must admit it went a little farther than I expected. Tesla earnings saved the Equity/Bond topping pattern. Indices are back at yesterday’s openings so this will take a little … Continue reading →

It’s the Yen crosses that are in play. with GBP/YEN & CHF/JPY leading. USD/JPY is into its July 31st dollar high. Spoo/NIkkei is close to last qtr’s close, which is a potential rejection level on a Wednesday Technicals haven’t changed … Continue reading →

I’ve gone through the Silver charts. Silver itself is approaching the .618 back from the 2011 high. Gold/Suisse seems to be lining up with 35. A word of caution when looking at these long-term charts, there is more data points … Continue reading →

China moved to ease credit again last night. And there was little to no upside in world indices. European rates rose just after London came in keeping the Dollar firm against the metals. The mid part of the U.S. curve … Continue reading →

Nikkei is a t a weekly closing decision area. DAX is off and going out of a consolidation pattern we posted weeks ago. European Banks are at resistance. Gold and Silver are self explanatory. Oil…the fever has broke and it … Continue reading →

Full Moon Trading. Late yesterday we played with a couple of charts Long Gold & Silver Long 2’s short 30 Yr. Bonds. Risk spreads remain positive. 30 yr. Bonds… 120.24 print confirms yesterday’s high. Early yesterday it was all Russell … Continue reading →