Microsoft ran the board last night with a spike above its 200 DMA on the print and then weakness on forward guidance. It’s currently at the bottom of initial mvg avg support. Spoo; today’s 200 DMA is 3967. Daily Cloud … Continue reading →

The illuminati of Davos have spoken. Whether this is just short covering or new buying remains to be seen. For our purposes it really doesn’t matter. The only thing that matters are the flows across all risk assets remain positive. … Continue reading →

Spoo…4012.50 puts in a reversal on the 50X3 Support starts in the high 80’s. The reversal on the 100X3 is @ 3975 matching the 200 DMA @ 3969.40 resistance is the mid 50’s again, matching fibs for this swing. Do … Continue reading →

Risk spreads are constructive. Natgas looks sold out from the weekly on out. The names are reflective having put in weekly topping patterns over the past few months. The names have tried to hold and form up since the beginning … Continue reading →

The board is long Gold against pretty much everything. Seasonality says buy the breaks in gold for another month. U.S. Indices are caught. The names have been a better trade. Energy and healthcare were bought early with chips soft al … Continue reading →

NFLX, COST & GOOGL are giving a little lift to the U.S.Indices. Trade the Pit gap in the Spoos and do not fade late day direction. Spoo/Bond is back above its 200 DMA. Do not sell weakness in the Indices. … Continue reading →

I could spend all night putting in charts. It’s not worth the effort. Commodities in general put in ORL topping patterns. Indices put in ORL patterns along with the risk spreads. The disconnect from the long end of the curve … Continue reading →

Spoos are back to a very high Dollar correlation. FX #’s are on the bottom in white of the Pit chart. 100X3 hit the level and the top of the cloud. Angelo was spot on late afternoon looking for a … Continue reading →

Over the weekend I tried to catch up on podcasts and reading. Larry Williams did a short session about what he was looking for in 2023. Topics he touched on were the Soybeans and CAT. Soybeans are close to breaking … Continue reading →

Mid-Week Shuffle Yen had a big night with the crosses ultimately going nowhere on a bigger picture. Gold put in a pressure relief reversal. The low is tradable. Copper remains bid against Yuan,Yen and Bonds Grains should be monitored today … Continue reading →