Risk spreads don’t tell e much. Point & Figures look like they want to fill out below. Spoo 3925 is the reversal # in the Spoo with the pit gap in front. Nasd 400 has room for another 200 points. … Continue reading →

Either we fail from here tonight into tomorrow’s inflation data or we can gap higher. 4030 + a couple is fib resistance and a 50% level. If you see a big rally after the # before the U.S. Pit opens … Continue reading →

Daily Market Intelligence 1/11/23

First Gann day of the new Year. Pay attention to the game. November high in GoldinYen was a Wednesday, before a retreat. Spoo’s…show resistance @ 3984-95 Copper into resistance after holding it’s .618 mid last year. Treasuries up on both … Continue reading →

The market remains a trade with everyone waiting for Powells speech in the A.M. Thursday – Friday we’re back to a data driven board. Spoo 3875 is the reversal level on the 100X3. Retail and Energy have a few ugly … Continue reading →

Soybeans; all the volume is in March. Pay attention to which chart you are looking at. Indices will get going by 8: A.M. CDT Today’s game; where does the Spoo hold on a spike down? 3875 is the reversal # … Continue reading →

Spoo/Bond is knocking on short term resistance. Spoo will be pivotal off the Daily Pit chart. Oil; doubt the next buck up will be easy. Gold; getting close to the top of the cloud. It’s the Long end of the … Continue reading →

Payrolls…Give me the Bond action and I’ll give you the price action for everything else. Of course if its going to be anything like today and the recent past the algos will have and be front running the data. Index … Continue reading →

A couple of observations; Silver is flirting with its ORK weekly #. The room still prefers Gold vs. Silver. Euro is into an initial bounce zone. TSLA is worth a go for an oversold bounce in the mid to low … Continue reading →

I’m solely focused on the yields this A.M.. The Republican disfunction could run into next week with many waiting to commit money in the indies until they get some clarity. A lot of garbage was bought yesterday with many bottom … Continue reading →