Which chart is the correct chart during rollover? “Who’s your daddy?” Spoo’s…The March contract completed a full reversal on the 100X3 Currently both SPOO/BOND spreads are trading below the 2018 high. This is happening as European Debt is in rally … Continue reading
Everyone seems to be waiting for today’s inflation #’s. Lagarde has a press conference @ 7:30 CDT. Wheat…resistance starts @ 5.95-6.00 25X3 point & figure shows a 6.08 extreme. Spoo’s…have put in lower highs all night. The hourly will take … Continue reading
Daily Market Intelligence 12-10-20
Mid-Week Shuffle with small and mid-cap leading. Spoo…3675 print will be needed for pressure release on the 50X3 3677.50 is the bottom of value on the 25X3. Gold…1840 print is needed to confirm yesterday’s high on the 100X3
Daily Market Intelligence 12-9-20
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
Everyone is waiting on Mitch to see if he’s going to don his green Grinch hat. Spoo’s…would need a 3662.50 print for a back and fill on the 50X3. Soybeans…It will take into the end of the week the beginning … 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
Daily Market Intelligence 12-3-20
All about the metals this A.M. Platinum leads. Four weeks ago today we put in a high in the Gold before a Friday Unemployment release. Platinum has been on a totally different path. Platinum is at a short-term go or … Continue reading