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 →

Gold is making new ATH against the 30 Yr. Gold remains positive on the FX spreads, some have a clearer path higher than others. Spoo is back to unchanged on the qtr. 4133-37.50 was the initial support level we are … Continue reading →

Well worth a listen. https://youtu.be/SRPMHinrFKQ Oil needs to sustain above 73.60 to continue. Gold needs a 2040 print to confirm Friday’s low. Wheat continues up. Spoos are up at the upper end of value.