The whole market needs to reset. Two yr. and 30 yr. along with the December 23 Eurodollars have come to far and need to reset. European debt hit its initial targets. When the Euro, Bonds, Pounds and Yen aligned in … Continue reading →

The Sunday price action was discussed late Friday in the room. Being short equities over the weekend was a bad idea. Now that everyone is slicing and dicing the ramifications of the SVB spillover the story will change for today. … Continue reading →

Gasoline is the easiest rollover trade. All Indi es haver ORL days and Weeks showing as well as the associated Risk spreads. We remain focused on the 2’s in the A.M. Spoo hit its Matrix and initially held. The next … Continue reading →

BOJ …no policy change which led to a descent bounce in the Yen crosses, most notable AUD/JPY bouncing off its 400 DMA. I ‘m not crazy about the price action in Gold. I would’ve thought it would have garnered more … Continue reading →

2 Yr. Yields is the game. Anything near a 5.3 yield the first time up should provide price rejection. Whether it turns into more than a short term trade, only time will tell. The world will be in play tonight … Continue reading →

What is holding my interest today is the 30 Yr. Futures. Over the next session we’ll get a better idea of how the curves will trade. Pit session 30 says it all. 124.17 is momentum support. Joseph asked a great … Continue reading →

Risk spreads are heavy. I’m looking for a run to the 200 DMA in the Spoos and a running of the weekly ORL sell stops in the spreads. Then you should reaches your time frames. Yen spiked its 200DMA last … Continue reading →

Tuesday night is the Full Moon. Today was run by debt, specifically the 30 Yr. Pit Bond. Members sold the opening and exited at the gap. Nice!!!! I wanted to sell the high 4080’s against the 4090.50 Pit gap. At … Continue reading →

When you don’t have a good plan it’s best to wait. Last week I thought you’s get another shot at long gold. 1825 seems a better spot to try Gold/Bond. The spread either holds early or its something to let … Continue reading →

The short end of the curve ran the show. Both the 2-10 and the 5-30 are @ levels than can bounce and take the Indices with them. I was out of phase with the indices today and I can wait … Continue reading →