Looking for the Spoo to trade higher, close to 5631 and then I’ll take another look. FX…Yen has come about half way back for its recent swing. Most Yen crosses are in the middle of nowhere with the exception of … Continue reading →

Full Moon Trading June was a grinding Month. Members were whinging about the lack of Vol. If you recall I said there is typically a big July move before traders on both sides of the Pond make themselves scarce for … Continue reading →

Taiwan semi is emblematic of the Nasd trade. The current guidance bounce is uninspiring. The board is a giant gap game based off the Pit Futures. Will it retest its break down gaps of yesterday or continue down for a … Continue reading →

Welcome to everybody gets screwed day. There are too many instruments from Yen and its crosses to the Indices, which are at critical hold levels. Risk spreads are at mvg avg support matching all the Yen crosses, and I mean … Continue reading →

Long Russell-short all other indices. Upside levels were sent yesterday in the Russell. Oil…80.50 is initial support. Looking for a print below 80. Two yr. Futures are unchanged on the year. 30-2 yr. spread is where the players are betting. … Continue reading →

Best trade location is the Nikkei. Everything else remains a trade with sector spreading. Just let the board set up today.

Bloomberg was full of articles about noted Bears throwing in the towel this A.M. Unless you are technically correct you are fundamentally wrong, something those Wall Street economists have never understood. The only thing that matters is price. For over … Continue reading →

Indices are in grind mode, where they sit all day and melt up without much price action. This is the same type of price action Nasd saw in 2000. I need to see a 5650 print today for the Spoo … Continue reading →

Yra has been doing his summer road warrior tour escaping Arizona heat. Per our communication, I took another look at the life of Risk spreads to see the market from a different perspective. RSI’s are app 90% on both yearly’s. … Continue reading →

Risk spreads are positive. Initial Bond support is 118.06-09, the same retest level from Friday payrolls. Indices; Spoo keeps hanging up at its target with Nasd 250 points shy of its next big hurdle. There is not enough price action … Continue reading →