World Bond vigilantes call Bullshit on the ECB and mega B.S. On Powell! JGB’s jumped 29 bps. Something is afoot with the Yen, although the crosses are into big support. I need to see more. Spoo/Bond does not like its … Continue reading
3-100 point Spoo moves. Firstly they hit my reversal levels just shy of Mortimers’ and then round tripped to the Matrix. Then we got the rebound printing his first posted level followed by another 50 point wiggle to come up … Continue reading
Full Moon Trading with the ECB first to break out the depends. Italian Bonds have been running the show for a couple of days. Energy is acting toppy. It remains an open question. Volatility will remain high! if you miss … Continue reading
Spoo & Nasd have hit initial downside levels. It will not pay to sell weakness early into these areas, late day is a different conversation. Energy…higher.
Spoo…support is 4130- 4120 with 4125 being the reversal # on the 50X3 Oil Pit chart.
Indices are range bound. Oil..profit taking last night in the FX spreads. Gasoline shows a stranded Pit close. How much does it back off before retesting 4.25? Not bearish. Canadian Dollar remains bid.
Daily Market Intelligence 6:6:22
Daily Market Intelligence 6:2:22
Spoo probed higher and now shows a double top on the 100X3 @ last nights high. 4037.50 print is needed for a reversal on the 50X3.European Bonds were in really mode last night taking our long end along for the … Continue reading
Not interested in thinking going into next week. U.S, starts a long holiday weekend tomorrow, meaning most people placed their bets today. Next Wednesday will be of interest on the models. Commodities denominated in Yuan and Real are picking up. Crude … Continue reading