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The Day Ahead: PM Edition 2021-01-06
Bonds broke lower today on the assumption that there will be a lot of stimulus will be coming down the pike in the near future.
The Day Ahead: AM Edition 2021-01-06
Bonds have been under pressure this morning.
First Look: 2021-01-06
S&P 500 futures look up again this morning but I'm unsure how high.
The Week Ahead 2019-10-27
Bonds are leaning on support at 159^18. I think it will eventually break under but may not be this week as we have the FOMC on Wednesday and the NFP number on Friday. I think the cycles argue for net lower into early next year at a minimum.
The Week Ahead 2019-10-20
Bonds are sitting on support that may cause a minor bounce but overall expecting lower into the next cycle inflection next February. An alternate count up from wave [IV] could be 'i-ii-[I]-[II]-[III]-[IV]-[V] for iii' and now forming 'iv' which implies a new high in February for 'v of (a)'. I'm not that keen on the alternate but something to keep an eye on if prices fail to drop under 159^18 after a small bounce.
British Pound futures and ETF FXB Update 2019-10-14
GBP has been on plan rising into wave (iv) targets this week. The futures have a little more room to develop if needed but the FXB chart is pretty close to the limit for a wave (iv). I have also added an alternate on the FXB chart where the drop from the wave [iv] high in 2018 is an ending diagonal where the recent low is wave (i) and is in either (ii) or 'a of (ii)' now.
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