There is absolutely nothing to do but get into trouble. I look at the correction in the Bond market and see no reason why the Fed has to do anything. It’s not worth it to get caught up in the … Continue reading
Below is the link to PAX’s room while I’m gone https://discord.gg/7w8sJ2E Tell them to contact JACK(DAP) upon joining the server. Trump’s and his team are threatening the Chinese. I doubt that negotiating tactic will get very far. All eyes are … Continue reading
Today’s episode revolves around the FOMC and the 1:30 press conference. Look for a two way trade . The early show will revolve around the EIA report; can the Oil get high enough to poke out to the upside on … Continue reading
Mid-Week Shuffle. EIA this A.M. with FOMC minutes this afternoon. Oil should find initial support into the low 62’s The less you do the happier you’ll be. Hamsters…enjoy. I’ve already mentally checked out until month end. The real game is … Continue reading
Daily Market Intelligence 12-19-18
Spu/Bonds have negated the reversal pattern from Friday CELG, SCHW & OLED stand out. All Risk on going into London’s close. SQ is being bought going into earnings after the close. Time Frame trading! Things can change after the FOMC. … Continue reading
Oil.. the long-term P&F takes three full dollars to turn direction. The break from 70.40 shows that this will be key closing resistance going forward. EIA inventories @ 9:30 CDT BIDU…missed earnings, making new lows for the past several months. … Continue reading
Barring something out of the FOMC minutes I remain in buy the break mode. So far the Spu’s just don’t want to give us a shot at the 2700 level. If you don’t see a break after 1 P.M. CDT … Continue reading
Spu’s would require a 2624-25 print to rollover on the long-term P&F The 25X3 held. All new strength higher on the day is needed after FOMC minutes @ 1:00 P.M. CDT for another attempt at unchanged on the year. Weekly … Continue reading
Oil needs to hold a pullback after inventories into 63.50 to keep a Bullish bias. 30 Yr. Bonds…Sell a rally into 144.25 with a stop over 145.00. Looking for a rollover gap fill at some point. The game is in … Continue reading