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.

Spoos are into yesterdays breakdown gap. A broader view shows we’re caught between 4137.75, qtrly close, and 4068.75 ” its weekly and current Monthly breakdown level. Bonds are into the middle of nowhere. Yesterdays Whalen podcast with Bloomberg https://omny.fm/shows/the-tape/an-extended-breakdown-of-the-fed-and-banks-podcast

Pretty much everything went to an extreme within minutes of the new Globex session. Oil ran its qtrly ORL sell stops and reversed in under 4 minutes. I’ll look at the time & Sales in a bit to see if … Continue reading →

Kansas City Hard Wheat and the CBOT contract set up differently as to price. They are both approaching their life of contract .618 fibs which is a huge buy before you sell zone! With may deliveries near complete and a … Continue reading →

RBA hiked rates by .25% last night sending the Aussie higher on the crosses. This rally has taken the Aussie and its crosses to basically nowhere on varying longer term time-frames. Don’t chase, the game is tomorrow, Bruce forwarded this … Continue reading →

Spoo…4137.50 unchanged on the qtr. Yen crosses all took off after BOJ just as Yra cautioned. This is a “do not chase” the first move situation. European debt all showing ORH. Do not chase this into cloud and mvg avg … Continue reading →