RBA raised last night with more tightening to come. The entire board is winding up for Powell’s speech. Wait for it. 4-Week Bill Settlement 8-Week Bill Settlement 4-Month Bill Settlement International Trade in Goods and Services 8:30 AM ET 4-Week … Continue reading →

European price action was just the remainder of he trade we should’ve seen Friday. You now have matches in the Bund our Ten year and a reversal in our 30 Yr. Fields are all in play with European debt having … Continue reading →

Welcome to fantasy island, where up is down and down is up. Hey Woods nice too see a 42% gain last month but that doesn’t wipe out the 25% you’re still under water. Yesterday’s highs were very important in the … Continue reading →

Daily Market Intelligence 2/3/23

Well he spoke hawkish but the streets and mutual fund first on month buyers took it as Risk on. Once the Dollar started getting smoked the hand was played. 5/30 yield curve showed ORH early in the A.M. before electing … Continue reading →

The whole game is the Nasd Pit gap trade!!!!!!! This matches up with Meta @ it’s 50 retrace of the whole down. I’m not writing a dissertation now. It’s a sell before you buy level with very tight stops first … Continue reading →

Gold/Bond or Equity/Bond it’s a relative strength trade. Gold is at a decision level in dollar terms. Gold*(Suisse/Yen) is at the same type of level. The braintrust met for a few minutes and thought the ECB meeting Thursday A.M. could … Continue reading →

Daily Market Intelligence 1/31/23

Buyers remorse, last chance to exit before tomorrow. Gold, Spoo, Oil, Copper put in reversals I’ve been looking for. Marginal new lows form last night should be considered Bear Trap territory the first time in. Euro & GBP look like … Continue reading →

I’ll need to see a 4025 print in the Spoo to think Friday’s high was it for a while. 4060.61.75 print is needed to fill the Pit break down gap. Nasd 100…12,022.25 is the 200 DMA, which is currently just … Continue reading →