Oil rolls to Sept. Pay attention to the discount. Indices; Pit gap central. Goldman & Semi’s lead

Chips led by Intel was the late day feature. MSFT put in a bottoming pattern after investors thought Gates was done selling. The Room was on it in a big way today. Everyone covered shorts @ the matrix and many … Continue reading →

Be patient. Gasoline shows a discount for Sept. Plenty or rollover gaps in the Grains. Giving the indices some time to set up.

It’s all about the curves. Indices spent all bloody day rallying to nowhere. July Grain expiration tomorrow. Tomorrow into Friday will run the board for the next few weeks.

Below is the Spoo 100X3. Whoever buys is a brave soul with Other peoples money! While I don’t rule out some bounces I’m looking for failed rallies. Today’s headlines; broken 20 yr. Bond which are trading @ 3.389 vs a … Continue reading →

Daily Market Intelligence 7/13/22

Oil is bouncing off its 200 DMA and target area. Euro tried parity again and is bouncing. Let the board breathe and see how instruments respond to today’s data.

The Dollar is having its way with the world. German input costs are killing the German manufacturing machine. Looking for the mid 90’s to have a reaction in Euro, the .618 of the Plaza Accord. That level will become the … Continue reading →

Euro @ parity is one thing of note. It’s only a bounce. Spoo can see price action below 3800. One level at a time. Spoo/Bond coming into 400 DMA, making selling weakness or buying strength in treasuries problematic today. Oil … Continue reading →

In 2005 I attended an Aspen Ideas seminar led by Eric Schmidt. Here is the 2022 iteration. No one has shown greater vision than Schmidt over the past couple of decades. At the very end he speaks of how science … Continue reading →