All about tomorrow afternoon. Not looking for support in the 30 yr. until 128.14-10. Not touching the metals. Not handicapping the race.
China eases and Toyota says it would be happy with the Yen between 116-122. Spoo’s require a 3950 print for a a reversal on the 100X3. 50X3 has room for a move to 3975. Russell low was the 2018 high … Continue reading
Daily Market Intelligence 3:17:22
China stimulus and Ukraine comments resulted in pattern follow through. Spoo can run into trouble here or stretch into the 4340’s. There will be a lot of headline risk today. Trade to make money day!
The long end of the curve is driving the board. Waiting for the next shoe to drop and that is China! Platinum is into support. Copper hit support @ 4.49. The game is afoot with a Full Moon Thursday into … Continue reading
Spoo bounced off the cloud on the 50X3 and the 200 avg on Spoo/Bond 240 minute. Be very patient with your levels over the next two sessions. let the rally unfold to see where it runs out of steam. Do … Continue reading
Daily Market Intelligence 10-29-21
Oil elected its weekly ORL sell stops last night. Be attentive to the level! 5-30 Yield is still trying to print 682, the level it broke out from in March 2020. Currently trading just below the half of life Fib, … Continue reading
Indices are trading in an upper area. Spoo…4510-4542.I would not fade an upper breakout. China names extended with CQQQ approaching resistance. Risk spreads are sideways. For those that bought Friday puts for a mid-week shuffle back and fill, it’s not … Continue reading
China steps in last night to add liquidity. Yuan and names rallied and so did the related Yuan commodity trades. Gold…December (Z) is front month, trading app + $5 over August. Yuan…6.4609 is the weekly ORL. Yuan has elected its … Continue reading