Indices are shaking off last nights Bond weakness. P&F shows sustained price action below 120.08, more importantly the matrix #, is need for further weakness. Risk spreads are positive. Let the day set up

Bonds require a 121.00 print for a reversal on the long term point & figure. Current yield charts show the 10’s @ its 200 DMA, 2’s into cloud and mag avg resistance. 2-10 so far held iis 50 DMA. 2-30 … Continue reading →

You’ll likely see one attempt at back and fill. Other than that watch the Pit gaps and how they trade. Spoo/Bond is at momentum resistance. No buying initial strength.

So far the Wednesday lows look pretty good. Russell stopped at a perfect spot. The question is where the rallies run out of steam today. Will we see a Thursday high and a resumption of profit taking? 4872.50 is the … Continue reading →

Month end markings with FED today. Google; the bounce zone is 139-143 MSFT…momentum is 403.25 Bonds put in the reversal on the 32X3 giving parameters to the recent range. 122.15 is the current short term resistance. Risk spreads are vulnerable … Continue reading →

Follow the long end of the curve. Today the 30 is gapping up into resistance. This is a do not chase. Look for some back and fill which should = a small pullback in the Indices. Yesterday we spent a … Continue reading →

Lots of spreading. AMEX leading the Financials up 6.6% Possible two day Island top in AVGO & SMH. Be careful what you buy. Russell failed @ matrix. Nasd 100 requires a 17,400 print to rollover on the long term Point … Continue reading →

I thought Tesla would have more effect on the Indices. Nikkei is trading on momentum. Spoo requires a 4887.50 print for a reversal on the 50X3 Nasd has yet to fill yesterday’s breakaway gap. Russell 1960-65 is initial support. Be … Continue reading →

The Dollar cooperated yesterday into today with the Euro, Suisse & Peso giving the best views. The only thing that matters today are yesterday’s Pit highs in the Spoo & Nasd. This is where you’re looking for a retest hold.