Spoo’s got hit Friday on Jens Weidmann comments that ECB should start to taper. Typically, indices see a lot of range trading into month end. May Spoo made a wiggle down towards its Pit Gap and opened higher in the … Continue reading
Fastly outage in Europe, which shut down several websites, provided a small break in the Indices. Follow the money; Rouble and Peso are strong and so is their country ETF’s. Gold had a small back and fill. Using 1888 for … Continue reading
All is quiet. Crypto has a bid against precious metals. FX..Yen remains weak and weak on the crosses. DAX…I can generate higher targets but I would prefer to wait until the end of the qtr. Keep using 15,500 as a … Continue reading
Yuan strengthened overnight and so did Corn, Soybeans, Copper and Crypto. Euro/Yuan and Aussie/Yuan are worth keeping an eye on given recent trade tensions 30 Yr. Bonds have been doing a 2 Month time correction. It will take closes over … Continue reading
Spoo is in decision mode. Peso needs to hold last night’s low Crypto trapped new bottom fishers from yesterday. See how this plays out.
Everybody is waiting for Coinbase to debut. Crypto is running the show.
Reality check; Spoo is up 148.50 points on the qtr. Nasd up 711.25 Dow up 819 Keep picking highs because it can’t go any higher. Right you are! Volume is ultra light and the Bulls are in control until they … Continue reading
Crypto is in rally mode going into the weekend. Industrials are bid. Spoo will take under 4073 to back off. Slow motion days in a Bull market tend to melt up / not down at the end of the session. … Continue reading
https://www.bloombergquint.com/china/china-state-funds-said-to-buy-stocks-to-stem-worsening-rout Thanks for the article Randy! China intervenes and buys stocks. This is not a small thing. Yuan strengthens and metals rebound to nowhere. Gold needs a 1710 print to show bottoming action. Metals and Crypto have the Bond rollover … Continue reading