We’re back to higher yields running the show today. The !0’s did not put in a reversal. Short treasuries are keeping risk spreads positive.

Spoo’s have retested Friday’s break out and so far held. Gold should be exited. It’s at resistance against its FX pairs and has given the the retrace on the 100X3 with a 1860 print. Oil is emotional and I would … Continue reading →

Follow the Bonds early. Yra sent me a note about the margin element to the basis trade. “difficult to determine out as it will unwind when there is a big up day and huge cash payments made to cover shorts … Continue reading →

Yesterday we had a lengthy conversation about the Wednesday night extreme going into London’s opening in the Spoo’s and Bonds. Is that the low for this turn or do we se a lower low in both? For me I like … Continue reading →

The set up I’ve been speaking about for the past two weeks has occurred. My Asian & European clients were up for it. I have no interest in being short Equities, Bonds or Long Dollars today. The question is do … Continue reading →

Russell is in play. Check your shots and pay attention to the spreading. 30 Yr. is getting closer. Spoo…there is a speed bump just above the previous low and then the gap @ 4249-41, which I expect to see probed … Continue reading →

On deck this week is RBA tomorrow with Payrolls Friday. Gold/Bonds toped last week with confirmation in GoldinEuros failing early @ it’s 200 DMA, which matched up with the 1896 level in Gold. Yields will keep the metals complex weak … Continue reading →

I just put my little howler out for a pee and was treated to a beautiful setting Full Moon. Those who stayed late yesterday were given the road map for what’s to come over the next few sessions. Spoo is … Continue reading →

Charts matter. Look at the wrong one or failure to see and understand the path an instrument is traveling is a recipe for failure. Both Spoo & Nasd went to their respective 50% levels and had a meagre overnight bounce. … Continue reading →

Currently Spoo needs an 4387.50 print for signs of stabilization. 4387.50 print is needed to think that the spoo selloff will hold the half of the gap for another rally. Bonds are tying to stabilize and the risk spreads are … Continue reading →