Jackson Hole show starts @ 9 A.M. CDT. Today will set the tone for the final 2 trading days in August, The room had a large gathering late yesterday to discuss possible ramifications and potential price action. The most impactful … Continue reading
The room was treated to a great conversation with Yra, Andrew & Angelo. The discussion centered around the articles being dropped in the media by FED members of a tightening to be announced @ Jackson Hole next week. Yield curve … Continue reading
Russell Napier and Yra https://youtu.be/qr5s-9BJGGY Gold rallied to the scene of the crime. I have no trading bias. Spoo/Bond has not backed off. Russell; looking at the Matrix # for upside bias. The less you do the happier you’ll be!
Grains came back last night. Gold is going in crypto as well as in FX terms. GoldinEuro needs to break above daily cloud resistance. Gold/YM hit daily could resistance @ its 50 DMA. On a relative basis its holding up. … Continue reading
Daily Market Intelligence 7:16:21
There is lots to discuss after the long weekend. Rosenberg and Bookvar had a discussion posted on Real Vision that needs a very deep look. Spoo’s have gone vertical for 185 points without a 25 point back and fill. Even … Continue reading
30 Yr. Bond Futures set up differently than the Yield. Futures are in the midst of a big range. Spoo’s will take price action under 4267.50 for longs to lock in gains. Spoos are at a long term price target … Continue reading
Spoos held last night! Using the 50X3 for risk management. First chart is June 25X3. Sept must close above 4196 which is the continuation weekly ORL. FX; Dollar bid is bigger than I would’ve thought. Gold has completed a 50% retrace … Continue reading
Daily Market Intelligence 6:8:21
It’s summertime and we’re seeing markets slow down as investors choose outside vs. the screen. Unless I see something compelling I’ll use the short form. Things should pick up later in the week into next. Brazil and Mexico look great. … Continue reading