The past two sessions in the Japanese Yen futures have seen small ranges, with both days trading inside the big range bar from last Wednesday (April 8). The 8th was also a successful test of the low of the selloff. The two...
Read MorePPI and retail sales both came in weaker than expected.I suppose the PPI is friendly (not that anyone thinks there’s any inflation on the horizon), but the retail sales number was bad.That’s really it for economic...
Read MoreGold and silver both had breakout setups today. Gold was a little easier to identify, as Thursday was a doji bar. Both had an NR4 day Thursday-the narrowest range of the previous four sessions. This is a time when it’s...
Read MoreThere are no economic reports out today; European markets are closed, so it’s a subdued start to the session.Stocks are slightly lower on profit taking.Asian stocks were higher as Japan announced it will increase stimulus...
Read MoreLast night I wrote a note to myself to watch the bear flag patterns in the T Bond, T Note, Gold and Silver futures. There was a good selloff in the T Bonds that came out of the flag, let’s take a look at the chart so you...
Read MoreSome early closes today, all US markets closed on Friday in observance of Good Friday.Jobless claims fell, continuing claims rose. The pace of worsening in labor has slowed, but it’s going to take some time to see it...
Read MoreStocks in the rest of the world were lower, US stocks are slightly higher.The rest of the world was lower on weak economic news from Germany, Japan, and Russia.In addition, Alcoa’s earnings report showed that they...
Read MoreTomorrow is Wednesday, the day the DOE releases the weekly inventory report for crude, gasoline, and distillates (heating oil, diesel, jet fuel).This report seems to be good for some fireworks after tis release; let’s sees...
Read MoreStocks are lower; Citigroup advised selling US equities (after they said to sell bank stocks last week). The IMF came out with a report that “toxic debt” could reach $4 trillion.That’s a lot of toxicity.This...
Read MoreI was on the phone today with a guy who a few weeks ago expressed an interest in my services.I had been trying to get in touch with him about it, and finally reached him today. It turned out he had signed up for a $2500 a year...
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