Oil inventories with a 30 Yr. Bond auction today. Spoo below yesterday’s low triggers more selling. Russell; 100X3 will need under 1974 ish to break.
Thursday-Friday 4662.50 is needed for a reversal on the 50X3 in Spoo. Bund running the show again. It’s rebound is translated in to dollar buying against Euro & Aussie. Oil, despite its volatility, is little changed over the past qtr. … Continue reading
Swiss National Bank set the early tone today by intervening in EUR/CHF which translated into a buying of big cap U.S. equities. It was noteworthy that the intervention happened right on the U.S. equity opening so the SNB could sterilize … Continue reading
Sept Grains expire. Canadian Dollar expiry Oil needs to sustain for an upside breakout. Natgas had a big upside day which would not be something I’d chase. I have room for 5.50 but I would not recommend the chase. Spoo…simply … Continue reading
Daily Market Intelligence 5:25:21
Daily Market Intelligence 5:5:21
Daily Market Intelligence 4:21:21
Spoo’s…I will need a 3800 print to confirm yesterday’s low. The bigger game will be played out very late day. Yesterday’s low in the Spoo is the only level that matters!!! The Dollar and Oil are strong again this A.M. … Continue reading