Indices; as I said yesterday this is a sell before you buy area. Pay attention to the long end of the curve which became oversold yesterday. I doubt there is another point in the 30 rally and both the 2-10 … Continue reading →

We hit mortimer’s low # from yesterday overnight. I shouldn’t haver to tell you that selling weakness the next 20 points down will require a trip to Costco for baby wipes. Euro needs a few more ticks to 106 to … Continue reading →

Tomorrow we either se early Mutual Fund buyers or the Indices get slammed. Spoo/Bond Pit has me looking for lower. FX crosses stopped at major multi decade levels. Gold is looking like it was a one day wonder. Everything sets … Continue reading →

Waiting to see who wins. Spoo’s retested its 200 DMA level last night and bounced after China PMI #’s Looking for another retest while the U.S. oil open. Beans bounced off its 200 DMA and the bottom of the cloud. … Continue reading →

European Indices need another day to verify follow through. GBPUSD and the FTSE should be the same trade up or down. Spoos gap filed and held yesterday, Nasd did not although it retested the gap in the Globex session, that … Continue reading →

In today’s episode of “What’s a Matta U” 2 Sunday talk shows had the first sentient reporting and interviews in ages. First Fareed Zakaria gps asked the hard questions about Ukraine and U.S. strategy. Second it was Margaret Burns on … Continue reading →

We’re into rollovers. May (K) Beans is front month!!!!!!!!!!!!! June (M) Bonds will be up on everyone’s front end today. Next week will be the first week of June volume overtaking March. Know what you are looking at!!!!!!!!!!!!!!!!!! I could … Continue reading →

Indices are attempting to hold a Wednesday low. I’m more interested in where the rallies run out of steam. So far the 50X3 and the 100X3 cloud has stopped the downside. We’ve been over this territory before across all asset … Continue reading →

Today’s exercise was evaluation Short Spoo, Short Bonds/Long Copper. Both the above spread and Copper/Bonds will take all new price action from this level to extend. Currently this is matching up with a 50 % level in the straight Spoo … Continue reading →

Kudos to Andrew for finding the map of the week. The chart shows Short Spoo/Short Bonds/Long Copper. As discussed late day yesterday, it is matching up with a 50% level in the Spoo, a good PNF low on the 100X3 … Continue reading →