China is infecting the world angst. Ok; Spoo’s failed to put in a reversal lower. Spoo/Bond did nothing more than go back to its short term average. Most surprising was the Gold’s failure to get high enough to confirm the … Continue reading
Daily Market Intelligence 1-6-20
Today’s headlines cited a Chinese banker being sentenced to death for lining his pockets to the tune of 100 Mil. from his failed bank. We could’ve used a little of that in 2008. The melt-up continues in the Indices as … Continue reading
Daily Market Intelligence 12-27-19
Phil..Spoo & 30 yr Bonds have been going in the same direction since 1982. The spreads show us divergence on both long and short time frames that gives us great trading opportunities. The lower the rates the eventual follow to higher … Continue reading
Yesterday room participants were told to get on the precious metals and not REPEAT Not click the mouse in the Indices!! Many bought Calls in the SLV & GLD for January. Indices remain Bullish!!!!!!!!!!!!!!!!!!!!! Same advice holds for today’s shortened … Continue reading
Precious metals are picking up. Silver miners have been leading early. GLD calls are actively being bought for January Monthly Expiration 1/17/20….140,141 & 142 strikes. GLD…Gap @ 141.28-74 Payrolls is January 10th
Daily Market Intelligence 12-16-19
Daily Market Intelligence 12-9-19
The current lows are being confirmed by the December Bonds. Spoo’s have put in a big standard deviation correction. It will take all new price action under today’s low to extend. Risk spreads are into initial weekly mag averages. VIX … Continue reading