Daily Market Intelligence 3:19:21
It’s all in the yields. The world reflected on Powell’s dodge and weave, refusing to answer important questions posed by reporters. The long end of the curve got smoked again last night taking Dow/Bonds to ATHighs. Big global macro players … Continue reading
Daily Market Intelligence 3:18:21
Bonds world wide are running everything. 30 Yr. Futures are trading over sold and no one cares. Bond vigilantes are going to put it in the Feds face before the meeting vs after, which was my expectation. Yields want to … Continue reading
Bored, Boring and waiting. I’ll dispense with the usual chart package tonight and leave with today’s discussion. Thank you Yra and Michael Hwung for the thought provoking conversation. https://youtu.be/IFCyfBodFdI
Nasd 100 is back @ its 50 DMA and the top of the cloud on the 200X3. This simply says that buying early strength will be problematic. The rotation back into tech and out of Dow,Russell and Spoo, matches up … Continue reading
Daily Market Intelligence 3:16:21
Give it a chance to set up today. The bigger game is later in the week with FED on Wednesday. (H) March 30 yr. has an overhead gap @ 158.12-159.00
Spoo’s went to yesterday’s pit gap @3916.25-3919 March. I still need to se it fill during the New York session. Negative price action would have the Spoo open below the gap and not fill to the upside today. Given the … Continue reading
Daily Market Intelligence 3:12:21