Yesterday the path was forward was telegraphed by country ETF’s which all rolled over early with the Spoos begrudgingly following. Now what…semis, A.I. infrastructure and storage continue to defy gravity. Dax and Spoos are consolidating between levels. Not fading the … Continue reading →

I would expect to see the Spoos trade up into the target level. I can wait until after the dust settles with this Mr. DeMilles’s A.M.’s press conference to make a decision today. The board has been and continues to … Continue reading →

Oil will require sustained price action above 90 for upside. Spoos put in a pressure relief on the 100X3. I’d prefer to buy closer to 7K. Nasd/Silver is unchanged on the year. A Bloomberg article spoke to China buying Silver … Continue reading →

Indices are getting rich enough for some back and fill. This is a buy the break into unchanged on the year in both the risk spreads and the indexes. Oil…$87 is the 50% pullback level for the past 5 years. … Continue reading →

Spoo/Bonds trading a within 20 points of its ATH. Nasd/Bonds shows caution chasing strength on a weekly chart. Oil…last nights low of 86.96 is a must hold level for Bulls.

The board is back to a Risk On bias. 119.50 + – a few is the major resistance and inflection level from the Euro. Spoo target is 7236. Nasd has another 2k to go. Yesterday I bought more Gold and … Continue reading →

Gaps above and below in the Indices. Metals look constructive, which means I’ll take a look mid-week to see if I want any more exposure. Oil..I usually don’t look at the Pit session but tis gos to pay attention to … Continue reading →

I’d expect a couple of wiggles today, with both the Spoos and Nasd attempting to pierce their respective yearly closes. Many are picking Tuesday’s low as a big green signal for the market. Sentiment has gone from straight down – … Continue reading →

Just after the yesterday’s opening I exited SOXL for a 20% overnight gain. I’m using yesterday’s lows in the Oil for risk management. The same goes for in the Fertilizer & Oil names companies. Gold acts fine and is from … Continue reading →

Every analyst is looking at the wrong numbers when it comes to Oil. The majority of traders will be looking at the Fib extension on this chart. One should acknowledge the chart however this is an incomplete picture of where … Continue reading →