Spoo leads with a foray into it’s Pit gap last night and a potential double top on thew 100X3 3920-10 will be pivotal the rest of the week. 50X3 confirms the level. Euro is winding up. It will take into … Continue reading →

Daily Market Intelligence 7/19/22

Higher than expected rate rise ran dollar longs out in the European session. Euro is half way back for the month. I looked at the yield charts and I get get a good read. Bruce kindly cleaned up the Pit … Continue reading →

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.