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 →

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 →