Risk spreads remain positive. Nvidia shows follow through from Friday. 2-10 curve hit resistance. 5-30 hit support. 30 yr. Futures require a 118.00 print to jam all those recent buyers. Spoos have put in a pressure relief reversal on the … Continue reading →

Payrolls Friday Bonds should run the early show. I want to buy the Gold into the high 1930’s, hopefully on a reversal which occurs @ 1940. If there is a reversal I can’t imagine it would happen without Bond Futures … Continue reading →

The room is open. I should be back close to the NYSE opening.

For the past month the U.S. bots have been running the show. Generally quiet overnight trade until the U.S. comes in. Tomorrow is the second Full Moon of the month. Indices topped at the first Full Moon and have been … Continue reading →

I’m sort of back to writing, can’t say I’ve missed it. The Room has been on fire all month with some members telling me its been their best month this year. Two events today; Powell @ 9:00 A.M. CDT, Lagarde@ … Continue reading →

Hiatus time. The cobwebs are thick. I will be taking a 2 week break from writing, however the room will remain open for those of you trading. I won’t be the only person checking out for a couple of weeks … Continue reading →

It’s still a Bull equity market. Looking at the curves and many of the relationship spreads it’s a better buy than a sell. Nasd low last night should say it all, just look at your sheets. Lower lows today will … Continue reading →

For the second week running Spoos have taken a trip to the reversal on the 100X3 and failed to print it. Nasd completed a trip[ to the bottom of its range. 30 Yr. Bonds @ 123.00 will be a key … Continue reading →

RBA put rates on hold resulting in a good bid to the dollar. Yra explained the $40 dollar forward in Gold with some back of the envelope math yesterday. Interest rate differentials are moving FX. Nasd will need to close … Continue reading →

Month end. Those that sell all day because we can’t possibly go any higher will be in for a long day. Yen crosses pretty much says it all. After this week I’m looking for a slow couple of weeks as … Continue reading →