Disliked{quote} Flynn looking for a immunity deal. Stay tuned. Jarred K is too pretty for prison... but, no pun intended.. Butt it's on himIgnored
ClinicalEx;9710862]"Relative divergence in spreads with Europe starting to put treasuries/dollar on the front foot after the buy the fact move/tightening: 0.50/0.60 is capped on benchmark bunds while 2.2/2.3 is supported on treasuries. DXY and Fiber moving into S/R. DXY at 98.5 is the level to track in my book as the week progresses (MISS) [Massive consumer confidence print ended rally before we could get there] . Overshooting where we are on the pair, perhaps on bad news/prints, making a bull trap above 1.0867 looks like a no-brainer entry. (CHECK) [But we didn't even roll above; we basically faded the level with the aid of the consumer print] Oil in the midst of a long-term bottoming, chopping around 48, (TENTATIVE CHECK) [43.5 is locked; and the range is capped between 47/48 & 55, with the latter needing to go before confirming a long term bottom] but supply wars might make things really messy; but not break 43.5 messy. I believe there will be a strong economic upturn in the US, mainly from tax reform and deregulation, but also an upturn in Europe that will keep prices buoyed aside from the strictly technical rejection at post-recession support. Support is only threatened by major political/economic risk or intense battles from producers flooding the market."
Disliked{quote} Don't forget about DXY. We breached 99.6 over the last couple of days which may end this ST swing rather quickly on the way back. The close proximity of that level makes things kinda dicey if we're trying to do a laggard entry.Ignored