Gann day today. Yen; the Futures set up differently than the cash due to the forwards back in the 80’s Yen Futures are already through their Plaza accord Fibs. I’ll stick with the cash and the target is 169 USD/JPY. … Continue reading →

TSLA earnings did not give the Bulls the umpff they desired. Technical models remain down in the Indices, FX, Gold and Bonds. Spoos are following last weeks playbook. 3725 print is needed for any rally. I will be cautious when … Continue reading →

USD/JPY traded 150, so far no reaction other than a buying of other Currencies via the crosses. Last night I put in a Mexico chart EWW. Peso has been stable and now unchanged on the year against the Dollar. A … Continue reading →

Indices and Risk spreads back and filled their respective gaps, which the rom was on early. NFLX is keeping the board positive after the close by running it’s Monthly ORH buy stops. Oil needs to hold today’s low to avoid … Continue reading →

Netflix had its moment in the sun. TSLA is the last hope for Equity Bulls after today’s close. Heating Oil blew off is is now trading @ its 200 DMA. Trade over. Yields run the world!!! 30 yr. U.S. Yield … Continue reading →

It’s a big gap game in the Indices. Crude has rolled to December which trades @ a $1 discount to Nov. Course members should trade accordingly. Netflix has been trying to bottom since its last earnings implosion. Now it’s trying … Continue reading →

FX trade was dominated by Truss headlines that she is close to getting the boot. No one is apparently ready to challenge 150 USD/JPY, a natural caution level for intervention. GoldinYen is showing some strength. Gold would need a 1680 … Continue reading →

Daily Market Intelligence 10/14/22

Midnight Missive from Langer: Normally we give this reversing action a few days. Exactly, technical models do not turn in a day. I’m looking for a two way trade with next weeks mid-week shuffle determining whether or not this was … Continue reading →

There is nothing that hasn’t been covered in the room or in the written notes. Everyone awaits PPI. This is the last chance saloon for the Bulls. I will be in for the #, after which I will be leaving … Continue reading →