BOJ …no policy change which led to a descent bounce in the Yen crosses, most notable AUD/JPY bouncing off its 400 DMA. I ‘m not crazy about the price action in Gold. I would’ve thought it would have garnered more … Continue reading →

2 Yr. Yields is the game. Anything near a 5.3 yield the first time up should provide price rejection. Whether it turns into more than a short term trade, only time will tell. The world will be in play tonight … Continue reading →

What is holding my interest today is the 30 Yr. Futures. Over the next session we’ll get a better idea of how the curves will trade. Pit session 30 says it all. 124.17 is momentum support. Joseph asked a great … Continue reading →

Risk spreads are heavy. I’m looking for a run to the 200 DMA in the Spoos and a running of the weekly ORL sell stops in the spreads. Then you should reaches your time frames. Yen spiked its 200DMA last … Continue reading →

Tuesday night is the Full Moon. Today was run by debt, specifically the 30 Yr. Pit Bond. Members sold the opening and exited at the gap. Nice!!!! I wanted to sell the high 4080’s against the 4090.50 Pit gap. At … Continue reading →

When you don’t have a good plan it’s best to wait. Last week I thought you’s get another shot at long gold. 1825 seems a better spot to try Gold/Bond. The spread either holds early or its something to let … Continue reading →

The short end of the curve ran the show. Both the 2-10 and the 5-30 are @ levels than can bounce and take the Indices with them. I was out of phase with the indices today and I can wait … Continue reading →

European debt is rolling to June. Make sure you know what you are looking at! Spoo’s have traded to its 50% fibs from the JacksonHole rejection to Thursdays low. As New York comes in we’ll se what everyone’s risk appetite … Continue reading →

Spy Option players are trying to peg 400 by the close. 4K in the Futures which is needed for a reversal on the 100X3. Anything up in here is an exit for daily longs. Price action here will determine whether … Continue reading →

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 →