Yen crosses are in play. GBP/JPY and Yen/Yuan Peter pointed out the Wallstreetbets threads on Silver yesterday. Silver/Yuan is leading. As the Yuan strengthens so do many commodities. Grains & metals Jesse was on the engulfing bull formation in Bitcoin. … Continue reading
Spoo’s have knocked on the door of a 50% target level for the better part of the past two sessions @ 3680. Risk spreads are positive. I have no preconceived notions about today. We will have a short discussion regarding … Continue reading
You’re a mean one Mr. Grinch!! McConnell says no again. It all comes down to Georgia. I am not in the camp of the Senate doing the right thing or anything for that matter. That said, the markets will remain … Continue reading
Spoo’s have knocked on the door of a 50% target level for the better part of the past two sessions @ 3680. Risk spreads are positive. I have no preconceived notions about today. We will have a short discussion regarding … Continue reading
Silver…completed a 50% retrace from the Thursday post Aug payrolls high. Silver is extending it’s gains vs. 30 Yr. Treasuries. Gold is on the same path. Copper is putting in an ORH week. Spoo’s…3480-86 is the close gap to deal … Continue reading
Daily Market Intelligence 11-6-20
Spoo…third gap up in U.S. session should lead to at least one little back and fill to 3480 during the U.S. session. Point & Figure high matching the oscillator in the Spoo/Bond spread and the Green target on the sheet … Continue reading
In the news; deflation talk out of Europe. Metals rallied on the deflation theme along with the potential of Congress acting on stimulus. The correlation continues with Currencies and Metals trading with U.S, Indices. CHF/JPY…bottomed @ its 200 DMA with … Continue reading
Amazon gap will run price action in the Nasd. Indices saw another covid sell off last night that did not get any traction. Spoo…looking for continued strength into Thursday. 3300 print turns the 100X3. Nasd should print another 80-90 points … Continue reading
What’s up? Kal’s subset of tradable Tech option names. The rest of the Board is struggling with 3400 Spoo + a double top on the 50X3. Jeffe has been playing the Spoo like he’s Itzhak Perlman playing his Strat. Spoo/Bond … Continue reading