Latest Posts

Treasury 30 year yield (TYX) 2016-04-24

The 30 year yield appears to be basing and ready to work higher to test overhead resist in the coming months. First area of interest is the channel harmonic that is in the 30.31 area in June.

US 30 Year Bond futures 2016-04-24

I know it sounds crazy with the rest of the world engaging in ZIRP and even NIRP but I do not think NIRP is coming to the US, but the converse, that rates are on a slow path to normalization.

Dollar Index 2016-04-24

The DX correction should be close to over. I like to look at line charts on occasion as they can act as a noise filter. Here we see that the dollar went into a strong impulsive move once the down trend was broken. I see nothing so far that indicates that the trend is failing.

Bearish signals for the banking sector

The banking sector has not kept up with the overall recovery in equities since the 2008-2009 crash, and that is even more true for the 25 large financial institutions that are represented in the KBW Bank Index. We chart a path forward in our latest article at TraderPlanet.

S&P 500 (SPX) Update

Getting the follow-through lower that was expected but be mindful of a bounce or consolidation forming soon.

The Day Ahead 2016-04-22

Will be watching the S&P 500 to see if they can extend a bit lower today before bouncing.

The Day Ahead 2016-04-21

ECB press conference will start at 8:30 EDT. Always a wild card depending on the Q&A.

Copper’s downward trend

As we have been suggesting for the past several months, the better trades during 2016 will be aligned with the larger Copper downtrend – a trend that shows signs of continuing. We chart the path forward in our latest post at See It Market.

The Day Ahead 2016-04-20

S&P 500 probably pushes past 2100 today but think it can be short lived. Crude should pick up speed lower after the EIA report if the bear is back. Continue to think that the DX is trying to base before a move up into late this year.

The Day Ahead 2016-04-19

The S&P 500 held where it had to yesterday and rallied the rest of the day. Expecting that to bleed a bit into today but think it stalls in the morning. Crude is bouncing from the post Doha drop but think the down move will resume.