Downside Target Hit in T-Notes: Exit All Puts

The luck of the Irish came a day early yesterday. June T-note futures hit and then dipped below our most recent downside target of 124-00 before recovering after the Fed’s announcement of a 25-basis point… Read More

War Puts S&P Within Range of 4000 Target

The rumblings of war in Europe grow louder. Vladimir Putin’s decision to recognize the two breakaway provinces of Donetsk and Luhansk as independent territories adds to growing evidence of his determination to attack Ukraine. The… Read More

Blow-Off Top in Beans?

Soybeans started today’s session strong. Follow-through buying from yesterday’s bullish World Supply & Demand Estimate (WASDE) release sent prices right through last May’s $16.23 per bushel high with ease. The USDA reduced estimates for both… Read More

“Don’t Fight the Fed” Redux

“Don’t fight the Fed,” should be the operative rule in the S&P 500. Jerome Powell and Company signaled they were going to take the free-money punch bowl away. The told us they were going to… Read More

Capitulation or Collapse in S&P 500?

The S&P 500 is getting absolutely crushed as we write this 2 hours before the close on Monday. The CME E-mini futures just bounced from a low of 4212 – a decline of 4% from… Read More

Buying Opportunity in Bitcoin

Bitcoin tested and bounced from previous support levels at $40,000 on Friday. It followed through to the upside on Monday, closing above Friday’s high, and rallied again on Tuesday, closing above Monday’s high. This is… Read More

Don’t Fight the Fed

“Don’t fight the Fed,” has been a winning mantra since the Financial Crisis of 2008 / 2009. The Fed made stocks the only game in town when it lowered short-term interest rates to zero and… Read More