Daily Market Intelligence 1/7/22

Payrolls Friday.

Low in Nasd 100 @ the bottom of the daily cloud is a perfect hold.

Spoo held fib support.

Spoo*30 Yr. Yield is breaking above a 40 year high.

I discussed it in the room with Yra.

Hard to know if this just signals a rising rate environment that is just beginning or a signal that is bullish equities.

Railroads and transports led.

LNG shows foreign  demand for U.S. natty.

To recap I like the lows in the Indices.

Be patient to start swinging until the NYSE opens tomorrow.

Yield charts are at fairly pivotal levels.

A relief rally in the Bond futures should be bullish equities.

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