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 →

Spoo have a stranded Pit close today. Typically we’re soft for a couple of days. This makes perfect sense with the usual nonsense happening in D.C. 3984.42 is today’s 200 DMA marching 3987.50 (the reversal # on the 50X3) Copper … Continue reading →

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