End of Month Pump

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Happy Holidays!

Now under way… subscribe to pebblewriter.com and enter the code “Black Friday” in the space provided for a cool 68% savings off the first year of a regular Annual Membership — only about $2/day! Better yet, lock in your savings with a Charter Annual Membership.  For about $2.60/day, your price is guaranteed to never increase.  … continue reading →

Out of Control?

The overnight news cycle has all the earmarks of events spiraling out of control.  Yet, consider that: EURUSD and CL bottomed right where we anticipated DX and TNX topped where expected USDJPY has bailed out of the rising channel from mid-October as expected SPX should tag the downside targets we identified several days ago. In … continue reading →

OPEX Friday

Another OPEX, another overnight ramp job – this one courtesy of Mario Draghi who, not so surprisingly, is prepared to do whatever it takes to blah, blah, blah…ES rallied 11 points off the overnight lows, while USDJPY has been working to put a damper on things.  Could it have anything to do with max pain … continue reading →

A Little Off the Top

Isn’t it swell that the “market” can soar 33 points on nothing more than the repetition of bad news?  Despite the talking heads pleas, there is nothing fundamentally good about higher interest rates unless you’re a financial institution.  And, even then, there will be winners and losers. The post-minutes algos kicked in as they always … continue reading →

Breaking Bad?

The US dollar’s breakout from a long-standing falling channel on Oct 28 was accomplished with the assistance of the euro and the yen — both of which have been steadily weakening. What might it mean, then, that the dollar just reached a point of important overhead resistance as the other two reached important support?  Might … continue reading →