Spoo…all the short term averages come in @ 5394.50. DAX has led. EUR/JPY weakened to it’s 50 DMA and bounced with the Spoo. Gold will require a 2350 print. Watch the spreads early EP/DJI CAT & DE are having constructive … Continue reading →

It’s a you first morning. Nikkei put in an ORL last night pre-BOJ. I’m not buying it. Yen is winding up in an area that should see a big move one way or the other. USD/JPY in the upper 170’s … Continue reading →

Indices have a small Pit gap up. AAPL led yesterday with a short -term target either side of 213 Spoo targets are much higher. All point & figures have turned up with the exception of the 150. I’m expecting that … Continue reading →

Bitcoin needs to hold the current lows to avoid another 2K in downside. Etherium is into daily cloud support. Spoos…will take sustained weakness below the mid 5330’s for bigger downside. Big move in the Bund vs. Italian 10’s. @ 80% … Continue reading →

Gold will need to trade below 2300 to show a defined spot for a new long. Natty is the only pure play today. The spread between Rotterdam and U.S. is still coming in. Looking at the JGB’s this A.M., selling … Continue reading →

Just an observation; last night the metals made new highs for this wiggle and then gave it up against the Yen, Yuan and Euro with ORL patterns. 30 Yr. Bonds.. the only safe place for a trade is @ the … Continue reading →

Coming into the home stretch for the 2nd qtr. Indices are treading water. Spoo…looking for 5325 print to run the next set up. Yesterday the action was muted despite the 30 Yr. rally. Typically you would’ve seen the precious metals … Continue reading →

The commodity trade topped last week. Last night the Yen stuck a fork in it. Crude/Natty and Gold /Silver spreads should be monitored before you do anything in either sector. Gold closing below its near Matrix # is the end … Continue reading →

Mutual Fund Monday. Expect positive capital flows. FX land…International investors were not impressed with the Mexican Election. Peso has dramatically moved against the Euro & CAD. This is not something you want to chase since it’s come a long ways … Continue reading →

NVDA. ran the late show when profit taking le to electing all the ODTE options in the Spoo. Pre-market Nividia is playing with yesterday’s reversal #. Nasd is up a long way from May 2 while the other indices hare … Continue reading →