Metals have turned back up with some Silver miners ( Pass) up 10% today alone. Kudos to those that stuck to their guns on long miners. Gold denominated in Euro, Yuan, & Yen have turned up again. Gold/Silver is worth … Continue reading →

Decision day for lots of instruments. Yen has been an excellent tell for risk over the past couple of weeks. Copper has to hold its averages to maintain. Indices, as stated yesterday, are in need of a break. Decision time … Continue reading →

I don’t see anything low risk to do. There was precious little price movement yesterday and last night. Markets are back to the grind. White Natty shows it can certainly go higher the spread against Oil is coming into a … Continue reading →

Get out your Rip Van Winkle sleeping hat, the models saved themselves last week which means we should go back to a boring trade. That means buy hard mid-week breaks. Indices are all trading above their respective qtly pivots with … Continue reading →

A big thanks to the room this week for knocking the cover off the ball. When volatility is up they shine whether it was in the indices or single names. Yen is going to have difficulty closing the week under … Continue reading →

Foreplay is the best way to describe today. Gold reverses with a 2300 print. Crosses against FX are weak Spoo…5087.50 puts in a short term reversal up. 5025 print turns the market down. Yen is running the Metals spreads and … Continue reading →

It’s month end and I keep hearing the Supremes “you just keep me hanging on” when I look at the metals complex. Gold has rolled over vs. the long end of the curve. It’s just hanging on against the Yen. … Continue reading →

BOJ finally caught the market one sided last night and rinsed a lot of players. It took running the Plaza accord buy stops in EUR/JPY. It should be a volatile week with more earnings Tuesday with Month end and Thursday … Continue reading →

Metals & Yen crosses with the Yen getting very oversold, not that means al that much when the Currencies are trending. Indices….Follow the Flipping Yellow Brick Road. Qtrly pivots are all that matters. Spot needs a 5088.25 print to confirm … Continue reading →

Meta is into it’s last earnings gap. MSFT near the bottom of the daily cloud. Spoo will require a 5050 print for the 100X3 to rollover. Nasd…17,400 print is needed to avoid a bounce. Keep your track shoes on today … Continue reading →