Is Good News Good?

Futures responded to this morning’s jobs numbers by promptly selling off… Look for ES to complete the little H&S Pattern targeting 2052.  Whether it’ll be allowed to play out is another matter altogether.  USDJPY ramping is in full swing… …with the pair approaching our upside target of 121.12 — the .886 retrace of the drop … continue reading →

Spoofing for Oil

A lot of people get that wrong.  They talk about drilling for oil.  But, what’s the point, when you can just spoof for it instead? [If you’ve missed our previous discussions of spoofing, the WSJ recently put out a nice article and video discussing it in some detail.] Crude light stumbled badly yesterday morning after … continue reading →