MSCI rebalance, Month end markings with Powell in-between. Suisse & Euro followed the Swiss 10 Yr. today. Both look vulnerable, which will all come back round to Powell 2-Yr Note Settlement 5-Yr Note Settlement 7-Yr Note Settlement 10-Yr TIPS Settlement … Continue reading →

Rollover has begun. Bonds are March front Month. Gold is G FEB Silver and Copper are H March. Know what you are looking at! Matrix class announcement will be sent later today or early tomorrow. Whatever happens this A.M. can … Continue reading →

Spoo has a breakaway gap above. The most I’m looking for is a Matrix test to the downside. 3950 is the reversal on the 100X3. Euro put in an ORL day. I found the Bond rally @ the end of … Continue reading →

I’ve been doing this since 1974. If you were in the rom very late day yesterday I told everyone to get out of all Risk off positions in the Indices and FX. Why? I smelled a rat in the long … Continue reading →

We’re at some pretty big inflection points in FX, Energy, rates and Indices. Euro has a potential double top on the 25X3. This needs to play out as Euro was bought against the Gold. 30 Yr. Bond Futures came close … Continue reading →

The half of life of contract 30 Yr Bond Futures bottomed with the Yen Futures @ 50% of life matching a 40 yr. Fib in the Euro and a double bottom in the Pounds! Not to keep belaboring this point, … Continue reading →

If there is nothing to say, say nothing. Spreading continued today with Dow names bought and Nasd sold. In the meantime the spreading is keeping the indices rangebound. I’ll look again in the A.M.

First; I have no desire to be short a quiet market. Secondly see very little in the relationship spreads to do anything, although Nasd/Russell shows its at aa level that can unwind the spread! Crude denominated in Yuan screwed everyone … Continue reading →

It’s a another Gann day with the board risk off. Looking at the Euro , Gold and Indices I would be suspect of early U.S. weakness. You’d expect this week to be slow given everyone trying to get out of … Continue reading →

Daily Market Intelligence 11/18/22