The Long end of the curve expires today along with Oil. VIX hit it’s 200 DMA with Spoo/Bond trading @ 2102, just below its 2018 high. Nasd 100 acts the best Bitcoin hit its first objective. Copper broke into support. … Continue reading
Let price come to you today. Looking for a different game to be played out after 2 CDT with options pinning. Corn is @ oscillator resistance with Soybeans above. Indices are Bullish. Copper is leading in the metals space today. … Continue reading
Daily Market Intelligence 12-16-20
Spoo’s have knocked on the door of a 50% target level for the better part of the past two sessions @ 3680. Risk spreads are positive. I have no preconceived notions about today. We will have a short discussion regarding … Continue reading
Everyone is waiting on Mitch to see if he’s going to don his green Grinch hat. Spoo’s…would need a 3662.50 print for a back and fill on the 50X3. Soybeans…It will take into the end of the week the beginning … Continue reading
Daily Market Intelligence 12-1-20
Spoo’s… finally put in the pause that refreshes on the 50X3. FYI; I year ago the spoo were 100 points lower and rallied to make new highs. I am thinking that’s about all there is for this retrace. Copper…is close … Continue reading
Daily Market Intelligence 11-25-20
Grains are bid. Copper is approaching its target and major Fib. It’s on the sheet. Platinum/Gold extends. Four Republican Senators, led by Romney, seem to have had enough of Trump’s antics. That would bode well for Biden to have a … Continue reading