Best have a listen https://youtu.be/5U1MrkyWXVY Thanks Richard! Bunds want to print 132.37 Bonds…Major Fibs coming down..126.01….125.00 Gold can bounce off 1955-54. The better spot is the next Matrix level down. Gold spreads are @ must hold levels. Saudi’s were out … Continue reading →

Hurry up and wait day. Spoos held last night. This is the level the room was looking to exit shorts on Friday. Once again you have to be on top of the levels since a failure to print opens the … Continue reading →

Spoo time. Price will revolve around the Jackson Hole Pit Gap. 4220.75-4215.50 with a first extreme @ 4227. It’s Friday. Only late day fools will fade above 4227 2-10 and 5-30 curves are coming back to retest old life of … Continue reading →

FYI…there is a lot of content that is covered in the last 30-60 minutes in the day besides some of my many off color comments. Yesterday I was looking for a possible low in the Gold vs. the Bonds. Happens … Continue reading →

NIkkei is strong on the back of a weakening Yen, trading @ its 200 DMA Spoo will take above 4147 ish for a cloud breakout on the 25X3. Gold; can it run its resting sell strips below 1980 and get … Continue reading →

I don’t write to write or create a trade. If I see it I’ll put it out. When the smartest guys in the room have widely varying views on what’s in-store for the markets it’s time to stop clicking and … Continue reading →

The best pitch we’ve seen all month was Kansas City Wheat, which just ran the monthly ORH buy stops. Indices and Bonds remain a range bound trading affair. I’d look for this to continue into month end. I’ve been seeing … Continue reading →

The board is playing out as I suspected yesterday A.M. Spoo strong back into its 400 DMA and precious metals soft. There is nothing new to speak about in the indices. KIWI was the main FX feature yesterday and its … Continue reading →

There is a breakdown in all the Yen crosses which is something that Yra was onto a couple of weeks ago. Have to wonder if this isn’t a reaction to the G7 statement negotiations for next weekend. The strong Dollar … Continue reading →

At the end of the day I looked at the 30 yr. Bonds doing an ORL into the top of the cloud, near the bottom of the recent range. I went over why I thought this a trap for Bond … Continue reading →