Tonight a restructured CPI is released to the FED and the Council of Economic Advisors. Watch the price, you’ll be the last to see the news. If the long end gets hit first we’ve got a wish area to re-establish … Continue reading →

I do not have a good game plan for today. Nasd 100 missed putting in a reversal on the long term PNF by 1 tick. Spoo and Euro look like they are basing and I have no desire to get … Continue reading →

Yra sent out Toby’s analysis of BOJ players and expectations last night . Definitely worth a read in light of where the Euro stopped breaking and the the U.S. 30 is holding. Spoo’s have traded from support to initial resistance. … Continue reading →

The 2-10 curve ran the whole shebang today. Rates ran Gold and the rest of the dollar denominated assets. A few Industrials ( MMM) put in ORL patterns close to the previous low. Spoo shows a double bottom on the … Continue reading →

Yields still lead with follow through on higher yields from the 2-30’s Spoo has just come down into support on all Point & Figures. Pay attention to today’s Pit gaps after the opening if there are any! A lot was … Continue reading →

Game over for today. It’s Wednesday and I’ll await tomorrow’s Spy game for opportunity. Nasd is still holding its short-term uptrend lines. The Crop report was a snooze with the exception of Rough Rice, and that move could be over … Continue reading →

The Mid-Week shuffle has taken us back into the middle of the range in the Indices. I see limited upside in everything. Markets are winding up for another move. Wait it out.

Daily Market Intelligence 2/8/23

The only thing I’m focused on today are the risk spreads. Spoo/Bond made a new All Time High by a few ticks. This is a potential Bull trap. I’ll need to see at least a weekly close over the level … Continue reading →

Interest rates are running this move. I’m looking for the 30 Yr. Futures to trade 126.13 ish. the 2-10 curve will run everything! Breaching this multi-decade level will trash the equities. Russell/Bond has never left a gap on a long-term … Continue reading →