Gold is the ticket with some help in the long end of the curve. Oil has rolled to Oct. (V). The discount is $1.40. Yen crosses have picked back up mildly correlating with risk off. I’m expecting some back and … Continue reading →

Copper shows bottoming along with MXN/JPY which are risk on indicators. Beans are attempting an oversold bounce. Treat it as such. Just an observation…when Gold is sold during the U.S. session look for buying opportunities for the rest of the … Continue reading →

Follow the Bonds. 30 Yr. is sitting on a matrix level. 125.00 print turns the 32/3 Point & Figure up for a test of the next level on the sheet. Bonds up = lower dollar and higher Gold. Indices have … Continue reading →

https://youtu.be/LX7Zl9YFFsg Above is yesterday’s FRA podcast, maybe the best one yet. Gold bottomed with the Indices. Both will be in play tomorrow into Thursday. Indices are trying to bottom with last week’s mid-week hold and rally. This is a process … Continue reading →

The world seems to be waiting for mid-week to determine whether or not this rally is sustainable. In the mean time I’ll defer to the Pit charts for trade location. At a glance Oil has come 50% of the way … Continue reading →

This is my last missive until Monday. The room will be open today and tomorrow thanks to Stan. The question is whether the Indices are trying to turn direction? This is something that does not happen in a day or … Continue reading →

BOJ backpedaled and markets reacted accordingly. I have plenty of reason to not chase this rally, particularly mid-week. I’m focused on the Yen retracements. Either this is the extent of the pullback or Yen retests the 152 breakout. The Indices … Continue reading →

Will all today’s dip buyers become sellers? Most instruments lows lined up with the Yellen short term t-bill funding the first of May. I stated last night I was looking for a gap fill attempt today off a low after … Continue reading →

Last night I watched NBC nightly news to see the Olympic highlights. Lo and behold they had Steve Liesman explaining the days equity sell off. He must still be on an acid trip from a Dead concert for his summation … Continue reading →

We’ve been highlighting Spoo 5408.50 as a bounce zone in the room for the past two weeks. Nasd/Bonds are approaching its 200 DMA matching the swing target of 18,500 in Nasd. Spoo/Bonds shows room for much lower, app 150 Spoo … Continue reading →