Yen started the evening show. Yen has gained on everything with the exception of Gold. 5-30 trading @ its 200 DMA Looking for initial first of month Index averaging. Time frame trade the indices.

Month End with potential first of Month buying Mutual Fund Monday. The first rally was a short lived Algos driven run triggered by the European debt rally. The risk spreads were negative the initial rally. Spreads went positive for the … Continue reading →

Daily Market Intelligence 7/28/22

Yen and the crosses further corrected. Yen weakness is over and the crosses will be thew feature. Gold charts have rolled. Dec became front month on the charts late yesterday. Make sure you are looking at the correct map. The … Continue reading →

The room got short and covered into the low 3920’s. We had a terrific conversation for the first three hours revolving around trade location, trading style and blending the thematic with the here and now. Brian and Robert went over … Continue reading →

MFST has rallied back to its mid point of the past couple of months. Nowhere in particular. Nasd will need a 12,400 print for signs of bottoming. Spoo & Euro bounced off their matrix levels. Same game. Expect some back … Continue reading →

Room members traded Spots from both making app 20 points either way. Industrials, Utilities and Energy were bought against tech. Tomorrow after the close will start off the weeks festivities.

Most of the board is in a spot where it’s a do not touch without some further price action. 30 Yr. Bond yield; 2.96 should be pivotal. Natty has quietly doubled this month. Grains; depends upon which contract and what … Continue reading →

Looking for a busy week with eyes on Wednesday. Spreads are positive early. 30 Yr. yield shows no trade location.

Daily Market Intelligence 7/22/22