The Russell 2000 is one of the most under rated products out there. It tends to be a less discussed index then the nasdaq or s&p, even the dow for that matter. But it is on deck for its turn. The Russell tends to lag the big 3 indexes. It'll run when the S&P takes its break. I think we are on the verge of a big break out here. The rounding formation in the macro...
The usdjpy pair has seen an impressive move over the past 2 weeks breaking out of a range. This trend appears to have a great fundamental case as the fed has a clear path to hike rates. The rate differential trade could price this upwards of 125. Technically, this chart appears to have put in a top. The move after the fed announcement creating the large 4 hour...
In a world of endless money printing, I know it sounds crazy but I dont like gold, not even here.this little event today caused a sale in out of the money futures and GLD puts. The structure here is awful and this only looks to be a short liquidation event. We could rally another 20 handles but I see 100 handles to the downside here easy. They are correcting it...
I have been looking into different assets to play in these uncertain markets. The grains have etfs with options that track futures so here it is. SOYB tracks tracks front month soybeans so thats the play. I like that these have held the 200 day moving average and retested. The 50 ma is quickly heading higher as well for a golden cross forming in the near future....
The past two weeks in US stocks have been crazy to say the least. Short covering as well as POTUS and his cronie Powell are clearly trying to “PUT” a floor under this market. I like to stay very technical when it comes to indices for this very fact. They think they are lighting a fire under stocks however it appears to be nothing more than a mean reversion move....
The last bond trade was perfect. Since my last post the futures have soared as well as the TLT etf. The 30 year yield fell as low as 2.90 percent. The yield curve inversion continues to stay towards the middle with the 2 and 5 year below the 1 year and 10 year. The long end has held its ground staying continuously higher. The bond looks as though it may have...
At last we are seeing a pullback in bonds. The stock market continues to have insane intraday volatility with the Trump trade exponent hanging high. I like bonds right now for this purpose. The pull back constituted nothing more than a small mean reversion in an extended market. Im looking for ZB to get between the 10 and 20 period moving averages. At this point I...
