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 →

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