Author: Asset Investment Management

Family Office, Advisors

260430 positions, 260501 stops, reversals & objectives

Intraday Quotes 
S&P 500 NASDAQ Dow  Gold Silver 
Copper  Platinum Bitcoin Crude  Gasoline
Swiss Euro  Dollar Yen
How to track trades
 Performance Historical Trade Reports
 
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JUN26 MINI SP 500       1845 Trading days from 190102 to 260430

Running .DAT file ESN011.DAT

Last trading day was 260430   Closing price was 7243.7500

Current V value is 164.500000 (658 ticks)  K1 value is 0.41
V*K1 for tomorrow is 67.445000 (270 ticks)

BuyStop for tomorrow is 7311.2500  SellStop is 7176.2500

Protective stop price is 6243.7500
Profit objective price is 7532.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7220.0000
Open trade equity is 1187.50

From 190102 total profit is 316112.50
            current drawdown is -10337.50
            maximum drawdown was -31150.00
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JUN26 MICRO SP 500       1845 Trading days from 190102 to 260430

Running .DAT file ESM004.DAT

Last trading day was 260430   Closing price was 7243.7500

Current V value is 164.500000 (658 ticks)  K1 value is 0.41
V*K1 for tomorrow is 67.445000 (270 ticks)

BuyStop for tomorrow is 7311.2500  SellStop is 7176.2500

Protective stop price is 0.0000
Profit objective price is 7532.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7220.0000
Open trade equity is 118.75

From 190102 total profit is 17166.25
            current drawdown is -1217.50
            maximum drawdown was -4791.25
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JUN26 MINI NASDAQ 100       1845 Trading days from 190102 to 260430

Running .DAT file NQN002.DAT

Last trading day was 260430   Closing price was 27596.0000

Current V value is 1087.750000 (4351 ticks)  K1 value is 0.43
V*K1 for tomorrow is 467.732500 (1871 ticks)

BuyStop for tomorrow is 27928.5000  SellStop is 26993.0000

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
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JUN26 MICRO NASDAQ 100       1845 Trading days from 190102 to 260430

Running .DAT file NQM008.DAT

Last trading day was 260430   Closing price was 27596.0000

Current V value is 1087.750000 (4351 ticks)  K1 value is 0.43
V*K1 for tomorrow is 467.732500 (1871 ticks)

BuyStop for tomorrow is 27928.5000  SellStop is 26993.0000

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
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JUN26 DOW FUTURES       1845 Trading days from 190102 to 260430

Running .DAT file YMN016.DAT

Last trading day was 260430   Closing price was 49835.0000

Current V value is 2509.000000 (2509 ticks)  K1 value is 0.26
V*K1 for tomorrow is 652.340000 (652 ticks)

BuyStop for tomorrow is 50165.0000  SellStop is 48860.0000

Protective stop price is 39835.0000
Profit objective price is 50656.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 46396.0000
Open trade equity is 17195.00

From 190102 total profit is 257815.00
            current drawdown is -4940.00
            maximum drawdown was -18315.00
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JUN26 MICRO DOW FUTURES       1845 Trading days from 190102 to 260430

Running .DAT file YMM015.DAT

Last trading day was 260430   Closing price was 49835.0000

Current V value is 3215.000000 (3215 ticks)  K1 value is 0.27
V*K1 for tomorrow is 868.050000 (868 ticks)

BuyStop for tomorrow is 50327.0000  SellStop is 48591.0000

Protective stop price is 46585.0000
Profit objective price is 51033.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 46433.0000
Open trade equity is 1701.00

From 190102 total profit is 19008.50
            current drawdown is -187.00
            maximum drawdown was -2361.50
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JUN26 GOLD 100       1844 Trading days from 190102 to 260430

Running .DAT file GC1005.DAT

Last trading day was 260430   Closing price was 4629.6001

Current V value is 148.899902 (14890 ticks)  K1 value is 0.80
V*K1 for tomorrow is 119.119922 (11912 ticks)

BuyStop for tomorrow is 4723.9200  SellStop is 4485.6800

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
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JUN26 MINI GOLD 50       1844 Trading days from 190102 to 260430

Running .DAT file GC2014.DAT

Last trading day was 260430   Closing price was 4629.6001

Current V value is 104.838287 (10484 ticks)  K1 value is 0.86
V*K1 for tomorrow is 90.160927 (9016 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
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JUL26 MICRO GOLD 10       1844 Trading days from 190102 to 260430

Running .DAT file GC3010.DAT

Last trading day was 260430   Closing price was 4629.6001

Current V value is 245.500000 (24550 ticks)  K1 value is 0.63
V*K1 for tomorrow is 154.665000 (15466 ticks)

BuyStop for tomorrow is 4767.7300  SellStop is 4458.4000

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
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JUL26 5000 COMEX SILVER       1844 Trading days from 190102 to 260430

Running .DAT file SI1005.DAT

Last trading day was 260430   Closing price was 74.0280

Current V value is 2.750000 (2750 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.402500 (1402 ticks)

BuyStop for tomorrow is 75.4300  SellStop is 72.6250

Protective stop price is 56.0280
Profit objective price is 87.1170

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 73.6770
Open trade equity is 1755.00

From 190102 total profit is 799660.02
            current drawdown is -36694.99
            maximum drawdown was -43100.00
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JUL26 2500 COMEX SILVER       1844 Trading days from 190102 to 260430

Running .DAT file SI2005.DAT

Last trading day was 260430   Closing price was 74.0280

Current V value is 2.750000 (2750 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.402500 (1402 ticks)

BuyStop for tomorrow is 75.4300  SellStop is 72.6250

Protective stop price is 54.0280
Profit objective price is 87.1170

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 73.6770
Open trade equity is 877.50

From 190102 total profit is 378855.01
            current drawdown is -18547.49
            maximum drawdown was -21625.00
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MAY26 1000 COMEX SILVER       1844 Trading days from 190102 to 260430

Running .DAT file SI3005.DAT

Last trading day was 260430   Closing price was 74.0280

Current V value is 2.750000 (2750 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.402500 (1402 ticks)

BuyStop for tomorrow is 75.4300  SellStop is 72.6250

Protective stop price is 24.0280
Profit objective price is 86.8770

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 73.6770
Open trade equity is 351.00

From 190102 total profit is 125172.00
            current drawdown is -7659.00
            maximum drawdown was -8740.00
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JUL26 COPPER 25000       1844 Trading days from 190102 to 260430

Running .DAT file HG1005.DAT

Last trading day was 260430   Closing price was 5.9805

Current V value is 0.285000 (5700 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.085500 (1710 ticks)

BuyStop for tomorrow is 6.0660  SellStop is 5.8950

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 142802.50
            current drawdown is -3722.50
            maximum drawdown was -14852.50
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JUL26 MINI COPPER 12500       1844 Trading days from 190102 to 260430

Running .DAT file HG2001.DAT

Last trading day was 260430   Closing price was 5.9805

Current V value is 0.285000 (5700 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.085500 (1710 ticks)

BuyStop for tomorrow is 6.0660  SellStop is 5.8950

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 61614.37
            current drawdown is -3448.75
            maximum drawdown was -7941.25
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OCT26 PLATINUM 50       1844 Trading days from 190102 to 260430

Running .DAT file PLA008.DAT

Last trading day was 260430   Closing price was 2014.6000

Current V value is 111.599976 (11160 ticks)  K1 value is 0.46
V*K1 for tomorrow is 51.335989 (5134 ticks)

BuyStop for tomorrow is 2031.4000  SellStop is 1928.7300

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
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JUN26 1000 CRUDE OIL       1844 Trading days from 190102 to 260430

Running .DAT file CL1012.DAT

Last trading day was 260430   Closing price was 105.0700

Current V value is 11.779999 (1178 ticks)  K1 value is 0.50
V*K1 for tomorrow is 5.889999 (589 ticks)

BuyStop for tomorrow is 110.9600  SellStop is 99.1800

Protective stop price is 56.8800
Profit objective price is 120.9200

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 105.8200
Open trade equity is -750.00

From 190102 total profit is 233250.01
            current drawdown is 0.00
            maximum drawdown was -16990.00
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JUN26 500 CRUDE OIL       1844 Trading days from 190102 to 260430

Running .DAT file CL2010.DAT

Last trading day was 260430   Closing price was 105.0700

Current V value is 11.779999 (1178 ticks)  K1 value is 0.50
V*K1 for tomorrow is 5.889999 (589 ticks)

BuyStop for tomorrow is 110.9600  SellStop is 99.1800

Protective stop price is 6.8800
Profit objective price is 120.9200

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 105.8200
Open trade equity is -375.00

From 190102 total profit is 110725.00
            current drawdown is 0.00
            maximum drawdown was -8700.00
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OCT26 42000 GASLOINE       1844 Trading days from 190102 to 260430

Running .DAT file RBN005.DAT

Last trading day was 260430   Closing price was 2.7897

Current V value is 0.183400 (1834 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.091700 (917 ticks)

BuyStop for tomorrow is 2.8814  SellStop is 2.6980

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
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MAY26 MICRO BITCOIN       1845 Trading days from 190102 to 260430

Running .DAT file BTC022.DAT

Last trading day was 260430   Closing price was 76740.0000

Current V value is 4265.000000 (4265 ticks)  K1 value is 0.56
V*K1 for tomorrow is 2388.400000 (2388 ticks)

BuyStop for tomorrow is 78908.0000  SellStop is 74132.0000

Protective stop price is 67185.0000
Profit objective price is 107681.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 77681.0000
Open trade equity is -94.10

From 190102 total profit is 24249.70
            current drawdown is -1969.60
            maximum drawdown was -3038.00
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JUN26 1250000 YEN       1845 Trading days from 190102 to 260430

Running .DAT file J6N012.DAT

Last trading day was 260430   Closing price was 0.6416

Current V value is 0.020900 (209 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.014421 (144 ticks)

BuyStop for tomorrow is 0.6560  SellStop is 0.6272

Protective stop price is 0.6182
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is 1087.50

From 190102 total profit is 64956.24
            current drawdown is -2431.25
            maximum drawdown was -9943.74
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JUN26 100000 DOLLAR INDEX       1880 Trading days from 190102 to 260430

Running .DAT file DXX016.DAT

Last trading day was 260430   Closing price was 97.9190

Current V value is 1.045998 (10460 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.439319 (4393 ticks)

BuyStop for tomorrow is 98.3583  SellStop is 97.4797

Protective stop price is 99.4440
Profit objective price is 94.5944

V is equal to or greater than high filter value of 8750
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently short 1 contract(s) at 98.4944
Open trade equity is 575.40

From 190102 total profit is 29597.59
            current drawdown is -1322.01
            maximum drawdown was -5535.50
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JUN26 125000 EURO FX       1845 Trading days from 190102 to 260430

Running .DAT file E6N015.DAT

Last trading day was 260430   Closing price was 1.1760

Current V value is 0.018600 (186 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.007812 (78 ticks)

BuyStop for tomorrow is 1.1838  SellStop is 1.1682

Protective stop price is 1.1556
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 2050.00

From 190102 total profit is 72725.00
            current drawdown is -2018.74
            maximum drawdown was -7062.50
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JUN26 62500 EUR0 FX MINI       1845 Trading days from 190102 to 260430

Running .DAT file E7M008.DAT

Last trading day was 260430   Closing price was 1.1760

Current V value is 0.018600 (186 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.007812 (78 ticks)

BuyStop for tomorrow is 1.1838  SellStop is 1.1682

Protective stop price is 1.1554
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 1025.00

From 190102 total profit is 33687.50
            current drawdown is -1034.37
            maximum drawdown was -3881.25
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JUN26 125000 SWISS FRANC       1845 Trading days from 190102 to 260430

Running .DAT file S6N003.DAT

Last trading day was 260430   Closing price was 1.2859

Current V value is 0.008917 (89 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.011146 (111 ticks)

260501 Open 1.2859		
V*K1 = 0.0111		
BuyStop for tomorrow is 1.2970 SellStop is 1.2748

Protective stop price is 0.8918
Profit objective price is 1.3250

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.2714
Open trade equity is 1806.26

From 190102 total profit is 91956.26
            current drawdown is 0.00
            maximum drawdown was -9587.51
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If you have questions contact me. 

Peter Knight
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Disclosure

Fundamental Commentary 260429

x
STOCK INDICES
x
ES S&P 500
    • Stall at Resistance: The index retreated from its record high, edging down to 7,135.95 as investors took a cautious “wait-and-see” stance ahead of the Federal Reserve’s policy decision.
    • Energy Drag: Surging oil prices from the ongoing Iran-U.S. conflict weighed heavily on broader market sentiment, offsetting localized gains in other sectors.
    • AI Valuation Check: Continued weakness in artificial-intelligence stocks—sparked by OpenAI’s missed revenue targets—contributed to the day’s downward pressure.
NQ NASDAQ 100
    • Earnings Anticipation: The tech-heavy benchmark remained nearly flat, closing at 27,149.90 as investors braced for post-close reports from tech titans Alphabet, Amazon, Meta, and Microsoft.
    • Semiconductor Bright Spot: Despite broad tech jitters, Seagate Technology and NXP Semiconductors both surged over 11% following blowout earnings beats and positive forward guidance.
    • Infrastructure Skepticism: Market momentum remains sensitive to AI-justification, with traders demanding clear revenue proof for the massive capital expenditures being poured into AI investments.
YM Dow Jones
    • Five-Day Losing Streak: The 30-stock average dropped 280.12 points to close at 48,861.81, marking its longest run of daily losses since late March.
    • Oil-Driven Pressure: The Dow was particularly sensitive to the surge in crude, as the resulting inflationary fears continue to dampen outlooks for domestic industrial and transport components.
    • Value Sector Rotation: As risk-on momentum stalled in tech, some institutional capital is retreating toward defensive cash positions rather than traditionally safer blue-chips.
QR Russell 2000
    • Interest Rate Anxiety: Small-caps faced outsized pressure today as the market re-priced the likelihood of near-term rate cuts due to persistent energy-driven inflation.
    • Funding Cost Fears: The Russell 2000 is reacting to a spike in intermediate yields, which threatens to increase the cost of floating-rate debt for smaller domestic firms.
    • Volatility Flare-Up: The index is exhibiting high-beta sensitivity to geopolitical headlines, serving as a primary gauge for investor fear regarding domestic economic cooling.
FX Euro Stoxx 50
    • Energy Import Sensitivity: European blue-chips are under intense pressure due to the continent’s high dependency on Middle East energy routes currently facing blockades.
    • Manufacturing Headwinds: Heavy industrial firms in Germany and France are bracing for higher input costs that could stall the fragile regional recovery.
    • ECB Policy Divergence: Investors are fearing the ECB may be forced to maintain a restrictive stance longer than anticipated to combat imported energy-inflation.
SZ Swiss Index
    • Safe-Haven Resilience: Amid broad European selling, the Swiss market is maintaining its defensive status, anchored by high-quality pharmaceutical and staple giants.
    • Franc Strength Correlation: The index is tracking the persistent fundamental bid in the Swiss Franc as investors seek protection over upside in the current geopolitical climate.
    • Stability Premium: Global uncertainty continues to funnel institutional capital into the stable Swiss market as a hedge against Eurozone volatility.
MX CAC 40
    • Luxury Sector Hesitation: French luxury giants are seeing a pause in momentum as investors weigh global inflation shocks against premium consumer demand.
    • Logistics Delays: CAC 40 industrials are reacting to the increased costs and delays caused by the tightening blockades in the Strait of Hormuz.
    • Banking Caution: French financial stocks are facing headwinds as market volatility increases and investors weigh the potential for a regional economic slowdown.
AE AEX
    • Semiconductor Support: Upbeat forecasts from major equipment manufacturers are providing localized support for Dutch semiconductor stocks despite the broader tech pullback.
    • Logistics Hub Volatility: Amsterdam-based shipping and storage firms are seeing increased volatility as global logistics routes are rerouted away from conflict zones.
    • Dividend Inflows: High-dividend Dutch blue-chips are attracting defensive interest as a yield-alternative to the volatile bond market.
NY Nikkei
    • Energy Import Fear: As a major energy importer, the Japanese market is bracing for the impact of $100+ oil on domestic inflation and corporate profit margins.
    • Yen Intervention Risk: The Nikkei is highly sensitive to potential BOJ moves to support the Yen as energy-driven trade deficits expand.
    • Export Earnings Offset: Major Japanese exporters are using the weak Yen to help offset the rising cost of raw material imports in a high-oil environment.
HS Hang Seng
    • Supply Chain Anxiety: Stalled peace talks are fueling concerns about shipping disruptions between mainland manufacturing hubs and global markets.
    • Energy Cost Drag: Rising crude prices are complicating mainland efforts to provide fiscal stimulus, acting as a drag on the Hong Kong benchmark.
    • Value Rotation: Despite the macro shock, historically low valuations in the Hang Seng are providing some support for contrarian value seekers.
METALS
x
GC Gold 100
    • Opportunity Cost Spike: Gold futures fell toward $4,591 as the $8.56 surge in oil pushed interest rate expectations and Treasury yields higher.
    • Flight to Liquidity: Investors are liquidating precious metal positions in favor of the U.S. Dollar, which has recaptured its role as the preferred safe haven.
    • Fed Policy Pressure: A divided Fed board signaled that near-term rate cuts are now less likely, increasing the cost of holding non-yielding bullion.
SI Silver 5000
    • Sector-Wide Correction: Silver tracked gold lower, with settlement prices retreating toward the $72.00 level as the stronger dollar and rising yields acted as combined headwinds.
    • Industrial Demand Concerns: Silver is underperforming gold as slowing manufacturing data and higher energy costs raise fears of a cooling in industrial use.
    • Technical Re-pricing: After a vertical rally, speculators are using the current geopolitical stalemate to lock in gains and rotate into higher-yielding liquidity.
HG Copper 25K
    • Growth Slowdown Alert: Copper fell today as the market weighs the impact of $100+ oil on global manufacturing activity and construction demand.
    • Energy-Intensive Mining: While rising fuel costs increase extraction expenses, the immediate fear of a global economic slowdown is overriding the supply-side support.
    • Warehouse Depletion: Critically low stockpiles in major warehouses are preventing a deeper sell-off, acting as a secondary floor for the metal.
PL Platinum 50
    • Sympathy Sell-Off: Platinum prices followed the broader metals complex lower as investors rotated out of precious metals and into energy and cash.
    • Industrial Sensitivity: As a primary industrial material, platinum is reacting to the same manufacturing slowdown signals pressuring silver and copper.
    • Supply Risk Pillar: Ongoing production risks in South Africa remain the primary fundamental pillar supporting the current scarcity premium.
ENERGY
x
CL Crude Oil
    • War Risk Surge: U.S. West Texas Intermediate (WTI) futures soared 7.17% today to settle at $107.16 per barrel as the Iran war threatens global supply lines.
    • Hormuz Blockade Fear: International benchmark Brent crude advanced to $118.80, reflecting extreme anxiety over the continued blockade of the Strait of Hormuz.
    • Negotiation Collapse: The collapse of Middle East ceasefire negotiations prompted an immediate re-pricing of war risk, leaving markets highly vulnerable to supply shocks.
NG Natural Gas
    • Fuel Substitution: Natural gas is catching a bid as power generators look for alternatives to surging petroleum-based fuels.
    • Export Expansion: New LNG export terminals are increasing the integration of domestic gas prices with higher-priced European and Asian markets.
    • Sector Sentiment: Natural gas is tracking the broader surge in energy benchmarks as the global fear premium for fuel delivery expands.
RB Gasoline
    • Strait Disruption Impact: The blockade of key shipping lanes is directly hitting the global supply of refined products, driving prices sharply higher.
    • Refining Margin Spike: Gasoline prices are outperforming crude as refiners face logistical hurdles and rising input costs.
    • Driving Season Threat: The $100+ oil environment is fueling concerns about demand destruction heading into the peak summer travel window.
HO Heating Oil
    • Distillate Squeeze: Global inventories of middle distillates remain at critical lows, magnifying the price impact of the current energy shock.
    • Shipping Fuel Costs: Rising demand for military and commercial shipping fuel is competing for the same distillate pool, driving prices higher.
    • Logistical Constraints: Ongoing constraints in conflict zones are adding a significant transportation premium to all refined heating fuels.
CURRENCIES
x
A6 100,000 AUD
    • Commodity Bid vs. Risk-Off: The Aussie is caught between the surge in energy prices and a broad-market retreat in risk assets.
    • Industrial Slowdown: Slower manufacturing output from major Asian trading partners is signaling a potential dip in raw material export demand.
    • Yield Advantage: Domestic rate expectations remain the primary support for the AUD as it navigates the volatile global interest rate outlook.
D6 100,000 CAD
    • Energy Powerhouse Status: The Canadian Dollar is a primary beneficiary of the crude surge, reflecting Canada’s role as a stable energy provider.
    • Safe-Neighbor Premium: As Middle East routes fail, the CAD is seeing increased demand as a proxy for secure, North American resource wealth.
    • Yield Support: Rising energy-driven inflation is keeping the Bank of Canada in a hawkish stance, supporting the Loonie’s yield advantage.
S6 125,000 CHF
    • Ultimate Safe Haven: The Swiss Franc is seeing massive inflows as the collapse of peace talks triggers a flight from Euro-denominated assets.
    • Neutrality Premium: Switzerland’s neutral status is making the CHF the primary destination for sovereign and institutional capital.
    • Stability Focus: The Franc remains the premier choice for investors seeking a hedge against global currency debasement.
E6 125,000 EUR
    • Recession Risk: The Euro is under pressure as the surge in energy costs threatens to tip the region into a deep, war-driven recession.
    • Energy Dependency: Europe’s reliance on Middle East energy routes makes the Euro particularly vulnerable to the Hormuz blockade.
    • Policy Stalemate: Investors fear the ECB may be forced to choose between fighting inflation and supporting a slowing economy.
B6 62,500 GBP
    • Growth Forecast Downgrades: Stalled peace talks are fueling concerns about the UK’s growth outlook, putting the Pound on the defensive.
    • Imported Inflation: The jump in energy prices is expected to keep UK inflation sticky, complicating the Bank of England’s policy path.
    • Risk Sensitivity: As a high-beta currency, the Pound is reacting negatively to the broad-market retreat in risk assets.
J6 12.5 M JPY
    • Trade Deficit Fears: Rising energy costs are a major negative for Japan’s trade balance, putting further downward pressure on the Yen.
    • Intervention Watch: The market is on high alert for BOJ intervention as the Yen remains pinned near historic lows.
    • Safe-Haven Disconnect: The Yen continues to lose its safe-haven status to the U.S. Dollar and Swiss Franc during this energy shock.
DX 100,000 USD
    • Safe-Haven Dominance: The Dollar Index (DXY) is the primary beneficiary of the flight to safety, gaining ground as geopolitical tensions rattle global markets.
    • Yield Advantage: The hawkish undertone from the Fed’s split decision is widening the interest rate advantage of the USD over the Euro and Yen.
    • War Premium: The greenback is recapturing its role as the world’s most liquid hedge against Middle East instability and shipping lane disruptions.
CRYPTO
x
BT 0.10 Bitcoin
    • Digital Safe-Haven Test: Bitcoin is holding relatively steady as investors test its role as a digital alternative during the energy-driven market shock.
    • Institutional Support: Institutional holdings are providing a floor for Bitcoin even as traditional technology stocks face selling pressure.
    • Liquidity Rotation: Capital is rotating into Bitcoin as a non-sovereign alternative to volatile fiat currencies and traditional debt.
TAM 0.10 Ether
    • Tech Correlation: Ether is feeling the pressure of the broader technology sell-off as higher energy costs hit the Nasdaq and semiconductor sectors.
    • Utility Bid: Increased use of Ethereum for decentralized finance is providing a secondary fundamental support despite the macro volatility.
    • ETF Divergence: Ethereum ETF flows remain more mixed compared to Bitcoin as investors seek clearer utility catalysts.
INTEREST RATES
x
SQ 3-Month
    • Flight to Quality: Investors are flooding into short-term markets as a safe-haven for cash while global markets re-price war risk.
    • Inflation Floor: Short-term rates are pricing in a higher-for-longer trajectory due to the persistent shock of surging crude oil.
    • Liquidity Squeeze: Short-term rates are reflecting an intense flight to liquidity as the geopolitical deadlock deepens.
ZT 2-Year T-Note
    • Yield Spike: 2-year Treasury yields are jumping as the energy surge re-ignites fears of a prolonged inflation battle for the Fed.
    • Rate Cut Repricing: The market is rapidly pricing out any chance of near-term rate cuts as the geopolitical crisis intensifies.
    • Inflation Alarm: The 2-year note is the primary vehicle for investors hedging against immediate energy-driven price increases.
ZF 5-Year T-Note
    • Risk Premium Absorption: 5-year yields are absorbing the shock to global commodity markets, reflecting a higher long-term inflation path.
    • Corporate Cost Push: Rising 5-year yields are increasing borrowing costs for industrial firms already hit by higher fuel prices.
    • Economic Shift: The 5-year is tracking the shift from a soft landing to a war-inflation economic scenario.
ZN 10-Year
    • Benchmark Sell-Off: 10-year Treasury yields are surging as investors exit long-term debt in favor of hard assets like energy and the U.S. Dollar.
    • Real Yield Normalization: Inflation-adjusted yields are rising as the market digests the long-term impact of a restricted global energy supply.
    • Cost Reality: The 10-year is reflecting the reality of physical shortages in the fuel market driving global cost expectations higher.
ZB 30-Year
    • Duration Stress: 30-year bonds are facing heavy pressure as long-term inflation expectations are reset by the energy crisis.
    • Inflation Protection Bid: Demand for inflation-indexed bonds is soaring as a hedge against a multi-year war-driven commodity cycle.
    • Sovereign Re-Allocation: Global investors are re-assessing long-duration U.S. debt as a primary diversifier in a high-inflation world.
AGRICULTURAL
x
ZC Corn
    • Ethanol Connection: Corn is tracking the surge in crude oil as ethanol becomes an even more critical component of the fuel supply.
    • Supply Chain Risk: Stalled peace talks are re-igniting fears of grain shipping disruptions in conflict-adjacent regions.
    • Production Costs: Rising fuel and transport costs are increasing the cost of production, providing a fundamental floor for corn.
ZW Wheat
    • War Premium Spike: As a primary crop in conflict-adjacent regions, wheat is reacting sharply to the collapse of peace negotiations.
    • Logistical Blockades: Shipping lane restrictions are increasing the cost and risk of global wheat transport, driving prices higher.
    • Sovereign Stockpiling: Major importers are expected to accelerate wheat purchases to secure supplies amid the worsening geopolitical deadlock.
ZS Soybeans
    • Bio-Fuel Demand: Surging petroleum costs are driving record interest in bio-diesel, providing a massive bid for soybean oil.
    • Oilseed Scarcity: Traders are prioritizing the security of soybean stockpiles as regional blockades complicate global oilseed trade.
    • Farmer Margin Pressure: Rising fertilizer and fuel costs are increasing the minimum profitable price for global soybean farmers.
CT Cotton
    • Cost-Push Inflation: Rising energy and transport costs are increasing the all-in cost for raw cotton delivery, despite discretionary demand fears.
    • Manufacturing Headwinds: High fuel costs are threatening to slow textile manufacturing in major Asian hubs, creating a mixed signal for cotton.
    • Logistics Squeeze: Shipping blockades are adding a significant time and cost premium to the global cotton trade.
KC Coffee
    • Transport Premiums: The surge in crude is adding a hidden premium to coffee as freight costs from major growing regions climb.
    • Resilient Consumption: Global coffee demand remains steady as a daily necessity despite the energy-driven inflationary shock.
    • Inventory Monitoring: Markets are on high alert for any supply disruptions that could worsen the existing global coffee deficit.
CC Cocoa
    • Commodity Supercycle: Cocoa is benefiting from the broader hard-asset rally as investors rotate into commodities to hedge against inflation.
    • Structural Shortage: Ongoing production deficits in West Africa remain the primary fundamental force behind the historic cocoa bull run.
    • Inelastic Demand: Chocolate manufacturers are continuing to compete for limited supplies, keeping upward pressure on wholesale prices.
OJ Orange Juice
    • Supply Tightness: Historic lows in regional orange production are providing a solid floor regardless of the broader energy shock.
    • Logistical Squeeze: Surging fuel costs are increasing transport costs for citrus products, adding to retail price pressure.
    • Diversification Bid: Investors are holding orange juice as a tactical soft commodity play to diversify away from high-volatility energy.
LB Lumber
    • Cost of Construction: Surging energy and metal prices are increasing the all-in production cost for lumber, supporting the price floor.
    • Rate Headwinds: Rising Treasury yields are a negative for lumber, as higher mortgage rates threaten to slow the pace of new housing starts.
    • Industrial Utility: Despite the macro shock, lumber remains a critical industrial material for the resilient domestic infrastructure sector.

If you have questions contact me. 

Peter Knight
Voice & Video Chats.
Message me

 

 

Disclosure

260429 positions, 260430 stops, reversals & objectives

Intraday Quotes 
S&P 500 NASDAQ Dow  Gold Silver 
Copper  Platinum Bitcoin Crude  Gasoline
Swiss Euro  Dollar Yen
How to track trades
 Performance Historical Trade Reports
 
.................................................................

JUN26 MINI SP 500       1844 Trading days from 190102 to 260429

Running .DAT file ESN011.DAT

Last trading day was 260429   Closing price was 7168.0000

Current V value is 126.750000 (507 ticks)  K1 value is 0.41
V*K1 for tomorrow is 51.967500 (208 ticks)

BuyStop for tomorrow is 7220.0000  SellStop is 7116.0000

Protective stop price is 8154.0000
Profit objective price is 6842.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7154.0000
Open trade equity is -700.00

From 190102 total profit is 317575.00
            current drawdown is -6987.50
            maximum drawdown was -31150.00
................................................................
.................................................................

JUN26 MICRO SP 500       1844 Trading days from 190102 to 260429

Running .DAT file ESM004.DAT

Last trading day was 260429   Closing price was 7168.0000

Current V value is 126.750000 (507 ticks)  K1 value is 0.41
V*K1 for tomorrow is 51.967500 (208 ticks)

BuyStop for tomorrow is 7220.0000  SellStop is 7116.0000

Protective stop price is 17154.0000
Profit objective price is 6842.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7154.0000
Open trade equity is -70.00

From 190102 total profit is 17357.50
            current drawdown is -837.50
            maximum drawdown was -4791.25
................................................................
.................................................................

JUN26 MINI NASDAQ 100       1844 Trading days from 190102 to 260429

Running .DAT file NQN002.DAT

Last trading day was 260429   Closing price was 27325.2500

Current V value is 1102.500000 (4410 ticks)  K1 value is 0.43
V*K1 for tomorrow is 474.075000 (1896 ticks)

BuyStop for tomorrow is 27751.7500  SellStop is 26803.7500

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
................................................................
.................................................................

JUN26 MICRO NASDAQ 100       1844 Trading days from 190102 to 260429

Running .DAT file NQM008.DAT

Last trading day was 260429   Closing price was 27325.2500

Current V value is 1102.500000 (4410 ticks)  K1 value is 0.43
V*K1 for tomorrow is 474.075000 (1896 ticks)

BuyStop for tomorrow is 27751.7500  SellStop is 26803.7500

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
................................................................
.................................................................

JUN26 DOW FUTURES       1844 Trading days from 190102 to 260429

Running .DAT file YMN016.DAT

Last trading day was 260429   Closing price was 49012.0000

Current V value is 3215.000000 (3215 ticks)  K1 value is 0.26
V*K1 for tomorrow is 835.900000 (836 ticks)

BuyStop for tomorrow is 49900.0000  SellStop is 48228.0000

Protective stop price is 39668.0000
Profit objective price is 50656.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 46396.0000
Open trade equity is 13080.00

From 190102 total profit is 253700.00
            current drawdown is -4940.00
            maximum drawdown was -18315.00
................................................................
.................................................................

JUN26 MICRO DOW FUTURES       1844 Trading days from 190102 to 260429

Running .DAT file YMM015.DAT

Last trading day was 260429   Closing price was 49012.0000

Current V value is 3618.000000 (3618 ticks)  K1 value is 0.27
V*K1 for tomorrow is 976.860000 (977 ticks)

BuyStop for tomorrow is 50050.0000  SellStop is 48096.0000

Protective stop price is 46418.0000
Profit objective price is 51033.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 46433.0000
Open trade equity is 1289.50

From 190102 total profit is 18597.00
            current drawdown is -187.00
            maximum drawdown was -2361.50
................................................................
.................................................................

JUN26 GOLD 100       1843 Trading days from 190102 to 260429

Running .DAT file GC1005.DAT

Last trading day was 260429   Closing price was 4561.5000

Current V value is 148.899902 (14890 ticks)  K1 value is 0.80
V*K1 for tomorrow is 119.119922 (11912 ticks)

BuyStop for tomorrow is 4692.3700  SellStop is 4454.1300

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
................................................................
.................................................................

JUN26 MINI GOLD 50       1843 Trading days from 190102 to 260429

Running .DAT file GC2014.DAT

Last trading day was 260429   Closing price was 4561.5000

Current V value is 109.330589 (10933 ticks)  K1 value is 0.86
V*K1 for tomorrow is 94.024307 (9402 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
................................................................
.................................................................

JUL26 MICRO GOLD 10       1843 Trading days from 190102 to 260429

Running .DAT file GC3010.DAT

Last trading day was 260429   Closing price was 4561.5000

Current V value is 245.500000 (24550 ticks)  K1 value is 0.63
V*K1 for tomorrow is 154.665000 (15466 ticks)

BuyStop for tomorrow is 4724.0000  SellStop is 4414.6700

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
................................................................
.................................................................

JUL26 5000 COMEX SILVER       1843 Trading days from 190102 to 260429

Running .DAT file SI1005.DAT

Last trading day was 260429   Closing price was 72.0880

Current V value is 3.115005 (3115 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.588653 (1589 ticks)

BuyStop for tomorrow is 73.6770  SellStop is 70.4990

Protective stop price is 89.5650
Profit objective price is 58.1250

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 71.5650
Open trade equity is -2614.99

From 190102 total profit is 805900.03
            current drawdown is -26084.99
            maximum drawdown was -43100.00
................................................................
.................................................................

JUL26 2500 COMEX SILVER       1843 Trading days from 190102 to 260429

Running .DAT file SI2005.DAT

Last trading day was 260429   Closing price was 72.0880

Current V value is 3.115005 (3115 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.588653 (1589 ticks)

BuyStop for tomorrow is 73.6770  SellStop is 70.4990

Protective stop price is 91.5650
Profit objective price is 58.1250

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 71.5650
Open trade equity is -1307.49

From 190102 total profit is 382000.02
            current drawdown is -13217.49
            maximum drawdown was -21625.00
................................................................
.................................................................

MAY26 1000 COMEX SILVER       1843 Trading days from 190102 to 260429

Running .DAT file SI3005.DAT

Last trading day was 260429   Closing price was 72.0880

Current V value is 3.115005 (3115 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.588653 (1589 ticks)

BuyStop for tomorrow is 73.6770  SellStop is 70.4990

Protective stop price is 121.5650
Profit objective price is 58.3650

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 71.5650
Open trade equity is -523.00

From 190102 total profit is 126460.01
            current drawdown is -5497.00
            maximum drawdown was -8740.00
................................................................
.................................................................

JUL26 COPPER 25000       1843 Trading days from 190102 to 260429

Running .DAT file HG1005.DAT

Last trading day was 260429   Closing price was 5.9330

Current V value is 0.285000 (5700 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.085500 (1710 ticks)

BuyStop for tomorrow is 6.0185  SellStop is 5.8475

Protective stop price is 6.0500
Profit objective price is 5.5952

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently short 1 contract(s) at 6.0312
Open trade equity is 2453.75

From 190102 total profit is 144989.99
            current drawdown is -3988.75
            maximum drawdown was -14852.50
................................................................
.................................................................

JUL26 MINI COPPER 12500       1843 Trading days from 190102 to 260429

Running .DAT file HG2001.DAT

Last trading day was 260429   Closing price was 5.9330

Current V value is 0.285000 (5700 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.085500 (1710 ticks)

BuyStop for tomorrow is 6.0185  SellStop is 5.8475

Protective stop price is 6.0500
Profit objective price is 5.5512

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently short 1 contract(s) at 6.0312
Open trade equity is 1226.87

From 190102 total profit is 62733.12
            current drawdown is -3556.87
            maximum drawdown was -7941.25
................................................................
.................................................................

OCT26 PLATINUM 50       1843 Trading days from 190102 to 260429

Running .DAT file PLA008.DAT

Last trading day was 260429   Closing price was 1919.8000

Current V value is 93.400024 (9340 ticks)  K1 value is 0.46
V*K1 for tomorrow is 42.964011 (4296 ticks)

BuyStop for tomorrow is 1974.6300  SellStop is 1888.7000

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
................................................................
.................................................................

JUN26 1000 CRUDE OIL       1843 Trading days from 190102 to 260429

Running .DAT file CL1012.DAT

Last trading day was 260429   Closing price was 106.8800

Current V value is 11.779999 (1178 ticks)  K1 value is 0.50
V*K1 for tomorrow is 5.889999 (589 ticks)

BuyStop for tomorrow is 112.7700  SellStop is 100.9900

Protective stop price is 56.8800
Profit objective price is 120.9200

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 105.8200
Open trade equity is 1060.00

From 190102 total profit is 235060.01
            current drawdown is 0.00
            maximum drawdown was -16990.00
................................................................
.................................................................

JUN26 500 CRUDE OIL       1843 Trading days from 190102 to 260429

Running .DAT file CL2010.DAT

Last trading day was 260429   Closing price was 106.8800

Current V value is 11.779999 (1178 ticks)  K1 value is 0.50
V*K1 for tomorrow is 5.889999 (589 ticks)

BuyStop for tomorrow is 112.7700  SellStop is 100.9900

Protective stop price is 6.8800
Profit objective price is 120.9200

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 105.8200
Open trade equity is 530.00

From 190102 total profit is 111630.00
            current drawdown is 0.00
            maximum drawdown was -8700.00
................................................................
.................................................................

OCT26 42000 GASLOINE       1843 Trading days from 190102 to 260429

Running .DAT file RBN005.DAT

Last trading day was 260429   Closing price was 2.7773

Current V value is 0.183400 (1834 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.091700 (917 ticks)

BuyStop for tomorrow is 2.8690  SellStop is 2.6856

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
................................................................
.................................................................

MAY26 MICRO BITCOIN       1844 Trading days from 190102 to 260429

Running .DAT file BTC022.DAT

Last trading day was 260429   Closing price was 75775.0000

Current V value is 4265.000000 (4265 ticks)  K1 value is 0.56
V*K1 for tomorrow is 2388.400000 (2388 ticks)

BuyStop for tomorrow is 78646.0000  SellStop is 73869.0000

Protective stop price is 67185.0000
Profit objective price is 107681.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 77681.0000
Open trade equity is -190.60

From 190102 total profit is 24153.20
            current drawdown is -1969.60
            maximum drawdown was -3038.00
................................................................
.................................................................

JUN26 1250000 YEN       1844 Trading days from 190102 to 260429

Running .DAT file J6N012.DAT

Last trading day was 260429   Closing price was 0.6261

Current V value is 0.007700 (77 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.005313 (53 ticks)

BuyStop for tomorrow is 0.6314  SellStop is 0.6208

Protective stop price is 0.6108
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is -850.00

From 190102 total profit is 63018.74
            current drawdown is -2431.25
            maximum drawdown was -9943.74
................................................................
.................................................................

JUN26 100000 DOLLAR INDEX       1879 Trading days from 190102 to 260429

Running .DAT file DXX016.DAT

Last trading day was 260429   Closing price was 98.8270

Current V value is 0.792000 (7920 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.332640 (3326 ticks)

BuyStop for tomorrow is 99.1596  SellStop is 98.4944

Protective stop price is 97.3020
Profit objective price is 102.4603

V is less than high filter value of 8750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 98.5603
Open trade equity is 266.70

From 190102 total profit is 29404.79
            current drawdown is -1206.11
            maximum drawdown was -5535.50
................................................................
.................................................................

JUN26 125000 EURO FX       1844 Trading days from 190102 to 260429

Running .DAT file E6N015.DAT

Last trading day was 260429   Closing price was 1.1695

Current V value is 0.018600 (186 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.007812 (78 ticks)

BuyStop for tomorrow is 1.1774  SellStop is 1.1617

Protective stop price is 1.1556
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 1243.74

From 190102 total profit is 71918.74
            current drawdown is -2018.74
            maximum drawdown was -7062.50
................................................................
.................................................................

JUN26 62500 EUR0 FX MINI       1844 Trading days from 190102 to 260429

Running .DAT file E7M008.DAT

Last trading day was 260429   Closing price was 1.1695

Current V value is 0.018600 (186 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.007812 (78 ticks)

BuyStop for tomorrow is 1.1774  SellStop is 1.1617

Protective stop price is 1.1554
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 621.87

From 190102 total profit is 33284.37
            current drawdown is -1034.37
            maximum drawdown was -3881.25
................................................................
.................................................................

JUN26 125000 SWISS FRANC       1844 Trading days from 190102 to 260429

Running .DAT file S6N003.DAT

Last trading day was 260429   Closing price was 1.2693

Current V value is 0.007333 (73 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.009167 (92 ticks)

260430 Open 1.2691		
V*K1 = 0.0092		
BuyStop for tomorrow is	1.2783	SellStop is 1.2599

Protective stop price is 0.8918
Profit objective price is 1.3250

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.2714
Open trade equity is -262.50

From 190102 total profit is 89887.50
            current drawdown is 0.00
            maximum drawdown was -9587.51
................................................................

If you have questions contact me. 

Peter Knight
Voice & Video Chats.
Message me

 

 

Disclosure

Fundamental Commentary 260428

x
STOCK INDICES
x
ES S&P 500
    • AI Valuation Reset: The index retreated from its recent all-time high as disappointing user and revenue targets from OpenAI re-ignited concerns about the immediate ROI on heavy AI capital expenditure.
    • Big Tech Tension: Investors are shifting to a “show-me” stance ahead of massive earnings reports from Alphabet, Amazon, Meta, and Microsoft, leading to broad-market profit-taking.
    • Energy Sector Support: While tech weighed on the S&P 500, a significant jump in energy stocks limited the downside as crude prices surged back above the $100 level.
NQ NASDAQ 100
    • Semiconductor Sell-Off: Chip giants like Nvidia and Broadcom faced heavy selling pressure as the market re-assessed the sustainability of the current AI spending boom.
    • Infrastructure Sympathy Drop: Shares of key AI infrastructure partners and data center providers slumped following reports of internal performance misses from major AI developers.
    • FOMC Jitters: The index faced additional headwind as traders adjusted positions ahead of tomorrow’s Federal Reserve interest rate decision, fearing a more hawkish tone on inflation.
YM Dow Jones
    • Four-Day Losing Streak: The Dow logged its fourth consecutive daily decline, its largest multi-day drop since late March, as blue-chip industrials struggled for direction.
    • Defensive Rotation: Despite the broader retreat, defensive names and value plays helped the Dow significantly outperform its tech-heavy peers.
    • Consumer Confidence Pulse: A surprise uptick in the Consumer Confidence Index provided some stability for the index’s retail and financial components.
QR Russell 2000
    • Volatility Spike: Small-caps were the hardest hit today, slumping over 1% in their worst daily performance since March as risk-off sentiment intensified.
    • Funding Cost Fears: Rising inflation concerns tied to surging energy prices are weighing on interest-rate-sensitive small businesses that rely on floating-rate debt.
    • Growth Deceleration: The Russell 2000 is reacting sharply to slowing domestic manufacturing and industrial output data, signaling a potential cooling in internal economic momentum.
FX Euro Stoxx 50
    • War Impact Drag: European blue-chips are facing renewed pressure as the prolonged Middle East conflict continues to hit regional growth forecasts.
    • Manufacturing Slowdown: Weak industrial output data from key global trading partners is heightening fears of a manufacturing contraction affecting European exporters.
    • Energy Cost Inflation: As crude prices climb, the Euro Stoxx is sensitive to the rising input costs threatening to erode corporate margins across the continent.
SZ Swiss Index
    • Safe-Haven Stability: Amid broad European selling, the Swiss market is maintaining its defensive status, anchored by high-quality pharmaceutical and staple giants.
    • Currency Correlation: The index is tracking the persistent fundamental bid in the Swiss Franc as investors seek protection over upside in the current geopolitical climate.
    • Exporter Margin Pressure: The ongoing challenge with currency strength remains a secondary headwind for Swiss-based global manufacturing firms.
MX CAC 40
    • Industrial Profit Resilience: French stocks are navigating mixed signals as global industrial profits rise, even as regional manufacturing output slows.
    • Luxury Sector Hesitation: The CAC 40’s premium luxury constituents are seeing a pause in momentum as investors weigh high global inflation against premium consumer demand.
    • Airlines Under Probe: Regulatory investigations into major regional airlines over potential price alignment are creating tactical uncertainty in the transport sector.
AE AEX
    • Semiconductor Support: Upbeat forecasts from major equipment manufacturers are providing localized support for Dutch semiconductor stocks.
    • Logistics Bottlenecks: Persistent closures in key shipping lanes are increasing the logistical complexity and cost for Amsterdam-based global shipping firms.
    • Yield Pressure: Rising yields on long-term sovereign debt are capping gains for the high-dividend-yielding components of the AEX.
NY Nikkei
    • Record High Stall: The Nikkei pulled back from its record highs today as a less-hawkish central bank and surging oil prices point to potential economic overheating.
    • Currency Weakness Tailwinds: Persistent weakness in the Yen continues to boost repatriated earnings for major exporters, though it fuels domestic inflationary fears.
    • Speculator Positioning: Extreme net-long positioning among professional traders is making the Nikkei sensitive to any sudden risk-off reversals in global sentiment.
HS Hang Seng
    • Regional Output Slowdown: Weak industrial output from neighboring markets is signaling a broader cooling in Asian manufacturing demand, weighing on industrial components.
    • Real Estate Fatigue: Persistent concerns over property sector stability continue to prevent a sustained recovery in the Hong Kong benchmark.
    • Incentive Stance: Investors remain cautious as they await more aggressive fiscal stimulus measures from the mainland to offset the global war’s economic impact.
METALS
x
GC Gold 100
    • FOMC Caution: Gold prices slid as traders booked profits and positioned for a potentially hawkish Federal Reserve meeting tomorrow.
    • Yield Pressure: A surprise increase in consumer confidence and rising energy-driven inflation expectations are pushing real yields higher, reducing the appeal of bullion.
    • Safe-Haven Fatigue: Despite stalled peace talks, some of the immediate geopolitical fear premium is leaking out as markets become accustomed to the current stalemate.
SI Silver 5000
    • Deep Correction: Silver recorded a steep fall today, trailing gold’s decline as industrial demand concerns resurface amid slowing global manufacturing data.
    • Tactical Warning: Analysts are flagging potential for a deeper re-pricing after a historic rally that may have reached a temporary tactical top.
    • Dollar Headwind: A steady Dollar Index is making silver more expensive for global industrial buyers, particularly in slowing manufacturing hubs.
HG Copper 25K
    • Output Concerns: Weak industrial output from emerging hubs is creating fears of a temporary cooling in structural copper demand for electrification.
    • Supply Chain Disruption: While demand is cooling, supply remains extremely tight as experts warn of record-high prices for key metals due to war shocks.
    • Warehouse Depletion: Critically low stockpiles in major warehouses continue to provide a firm floor under prices despite the day’s risk-off mood.
PL Platinum 50
    • Sympathy Sell-Off: Platinum fell alongside gold and silver as investors liquidated precious metal positions ahead of the Fed’s interest rate decision.
    • Industrial Sensitivity: As a primary industrial metal, platinum is reacting to the same manufacturing slowdown signals seen in copper and silver.
    • Mining Risks: Ongoing production risks in major mining hubs remain the primary fundamental pillar supporting long-term platinum scarcity.
ENERGY
x
CL Crude Oil
    • Hormuz Deadlock: Crude oil prices surged as negotiations reached a deadlock and shipping blockades in the Strait of Hormuz became more restrictive.
    • OPEC Shakeup: Global oil markets are digesting major news from key producers regarding their future membership in supply-control cartels.
    • Physical Shortages: Actual physical shortages in Europe and Asia are beginning to outpace the pricing reflected in the futures market.
NG Natural Gas
    • Energy Sector Lift: Natural gas is tracking the broader surge in energy benchmarks as the global fear premium for fuel delivery expands.
    • Export Potential: Growing integration with global export markets is making domestic gas prices more sensitive to Middle East supply disruptions.
    • Inventory Cushion: Despite the rally, high domestic storage levels compared to historical averages are providing a buffer against a full-scale vertical breakout.
RB Gasoline
    • Pump Price Pressure: National gas prices are on the move as the underlying crude rally forces refiners to pass through higher costs.
    • Shipping Disruption: The continued restriction of oil tankers leaving key export regions is severely constraining the global supply of refined products.
    • Seasonal Demand: Seasonal demand for domestic travel is providing a consistent fundamental bid as the market enters a peak usage window.
HO Heating Oil
    • War-Impact Margins: Heating oil margins remain at multi-year highs as the market prices in significant supply chain stress from conflict regions.
    • Crude Correlation: Prices are tracking the surge in benchmark crude as distillates remain the primary fuel affected by global shipping bottlenecks.
    • Industrial Bid: Continued demand for diesel and industrial heating fuel is competing for limited global supplies, supporting the current price floor.
CURRENCIES
x
A6 100,000 AUD
    • Industrial Slowdown: The Aussie is sensitive to slowing industrial output in major Asian trading partners, signaling a potential dip in raw material export demand.
    • Risk-Off Pressure: As a primary risk-proxy, the AUD is under pressure as global equity markets retreat from record territory.
    • Yield Spread: Domestic rate expectations remain the primary support for the AUD as it navigates a volatile global interest rate outlook.
D6 100,000 CAD
    • Oil Rally Support: The Loonie is benefiting from the surge in crude prices, which is improving Canada’s trade terms as an energy exporter.
    • Supply Uncertainty: As Middle East supplies are blocked, North American energy sources are seeing an increased security premium in global trade.
    • Economic Integration: The CAD is tracking the resilience of U.S. consumer confidence, which recently reached its best level in several months.
S6 125,000 CHF
    • Ceasefire Pessimism: Stalled peace talks are driving a renewed bid into the Swiss Franc as a premier safe-haven from war disruptions.
    • Equity Hedging: The CHF is acting as the primary hedge for investors liquidating European equity positions during broader market retreats.
    • Stability Premium: The Franc remains on a stable footing compared to the high-volatility Euro and Yen.
E6 125,000 EUR
    • Growth Forecasts: Regional growth forecasts are being slashed as war and high inflation hit the continent’s economic outlook.
    • Energy Stalemate: The Euro is vulnerable to the shipping deadlock as higher energy costs threaten to trigger a deeper recession.
    • Fed Positioning: The Euro is bracing for the Federal Reserve’s upcoming policy decision, with speculators trimming net-long exposure.
B6 62,500 GBP
    • Forecast Revisions: Economists have slashed UK growth forecasts, citing twin pressures of regional war and domestic inflation.
    • Targeted Protection: Financial leadership has signaled the need for steps to protect the economy from war impacts without aggressive rate hits.
    • Inflation Expectations: Stubbornly high inflation expectations are keeping the Pound under pressure even as retail data shows resilience.
J6 12.5 M JPY
    • Carry Trade Dominance: The Yen remains pinned near historic lows as the carry trade remains the dominant theme ahead of global central bank decisions.
    • Inflationary Fears: Analysts are warning that surging oil and a loose monetary stance could lead to further Yen weakness.
    • Safe-Haven Mismatch: The Yen is continuing to fail as a traditional safe-haven asset, losing out to the Swiss Franc and U.S. Dollar.
DX 100,000 USD
    • Yield Rally: The Dollar Index is trading higher as Treasury yields rally on renewed inflation fears tied to energy costs.
    • Safe-Haven Pivot: The USD is recapturing its war-bid as investors pivot away from tech and metals back into reserve liquidity.
    • Inflation Pressure: High consumer inflation expectations are providing a firm fundamental floor for the greenback.
CRYPTO
x
BT 0.10 Bitcoin
    • Volatility Gauges: Bitcoin volatility indices are edging up as the market reacts to the broader risk-off mood in global equities.
    • Digital Safe-Haven Test: Bitcoin is holding relatively steady compared to technology stocks, testing its role as a digital alternative during tech sell-offs.
    • De-risking: Some institutional holders are trimming crypto exposure ahead of major central bank meetings to secure liquidity.
TAM 0.10 Ether
    • High-Beta Volatility: Ether is tracking the high volatility of the technology and semiconductor sectors.
    • ETF Flow Mix: Ethereum continues to see more mixed institutional interest as investors await clearer utility catalysts.
    • Tech Correlation: Ether remains more tightly correlated with AI-heavy tech stocks than Bitcoin, leading to recent underperformance.
INTEREST RATES
x
SQ 3-Month
    • Short-Term Flight: Capital is flowing into short-term markets as investors seek the security of cash-equivalents during market volatility.
    • Inflation Proxy: Short-term rates are pricing in persistent inflation expectations triggered by high energy costs.
    • Policy Lockdown: Short-term markets are effectively locked as traders await the official Federal Reserve policy statement.
ZT 2-Year T-Note
    • Yield Rally: 2-year Treasury yields rallied as inflation fears resurfaced with the jump in energy prices.
    • Rate-Cut Repricing: The market is aggressively repricing the likelihood of near-term rate cuts as global shipping lanes remain restricted.
    • Confidence Influence: The surprise increase in consumer confidence is being digested as a signal that the economy may remain too strong for aggressive easing.
ZF 5-Year T-Note
    • Risk Premium: 5-year yields are absorbing the shock to global commodity markets, reflecting a higher long-term inflation trajectory.
    • Inversion Monitoring: The 5-year remains a key point of focus for investors monitoring potential yield curve shifts.
    • Borrowing Floor: Rising 5-year yields are increasing the cost of capital for industrial and tech firms reporting earnings.
ZN 10-Year
    • Benchmark Shift: 10-year Treasury yields jumped today, fueled by the surge in crude oil and resulting inflationary alarms.
    • Safe-Harbor Outflow: Investors are exiting some long-term bond positions in favor of cash and energy assets, driving yields higher.
    • Reality Tracking: The 10-year is reflecting the reality of physical shortages in the fuel market driving global cost expectations.
ZB 30-Year
    • Duration Stress: 30-year bonds are facing pressure as forecasts for rising commodity prices threaten long-term real returns.
    • Inflation Protection: Some demand remains for inflation-protected bonds as a hedge against a potential multi-year war-driven inflation cycle.
    • Sovereign Shifts: Global investors are re-assessing long-term debt as a safety play despite immediate interest rate volatility.
AGRICULTURAL
x
ZC Corn
    • Energy Correlation: Corn is tracking the surge in crude oil due to the critical role of ethanol in the global fuel supply chain.
    • Output Slowdown: Weak industrial output from major trading hubs is raising concerns about a cooling in global demand for livestock feed.
    • Inventory Security: Traders are prioritizing the security of domestic corn stockpiles as regional blockades complicate global grain shipments.
ZW Wheat
    • Weather Decay: Wheat prices are leading the sector higher as weather-driven deterioration of major winter crops adds to supply fears.
    • Shipping Premium: Stalled peace talks and shipping blockades are increasing the risk of higher transport costs for global wheat exports.
    • Dollar Resistance: Sustained strength in the Dollar Index is making exports more expensive compared to international competitors.
ZS Soybeans
    • Oilseed Sensitivity: Soybeans are tracking record-high fuel margins as demand for bio-diesel remains robust amid surging oil prices.
    • Manufacturing Drag: Slower manufacturing output from major importers is providing a fundamental cap on soybean meal demand.
    • Planting Progress: Investors are closely monitoring spring planting progress, looking for a supply cushion to offset geopolitical risk.
CT Cotton
    • Discretionary Demand: Slower industrial output data is flagging potential weakness in the global textile supply chain.
    • Shipping Costs: Rising fuel margins and regional blockades are directly increasing the transport cost for raw cotton.
    • Sentiment Pulse: While domestic sentiment ticked up, the global war-recession fear remains a significant long-term headwind.
KC Coffee
    • Transport Premiums: Surging crude oil is adding a hidden premium to retail coffee as shipping costs from South America and Asia climb.
    • Resilient Demand: Despite global volatility, demand for high-end beans remains steady as a luxury staple in Western markets.
    • Supply Deficit: Markets remain sensitive to any late-season crop disruptions in major growing regions that could worsen global deficits.
CC Cocoa
    • Commodity Rally: Cocoa continues to benefit from broader forecasts of soaring global commodity, metal, and energy costs.
    • Structural Deficits: Ongoing supply issues in primary growing regions remain the dominant driver of the multi-year bull run.
    • Inventory Inelasticity: With stockpiles at decade-lows, the cocoa market is largely immune to the short-term tech sell-off seen elsewhere.
OJ Orange Juice
    • Supply Tightness: Regional production reports remain at historic lows, keeping prices in a tight, bullish technical corridor.
    • Logistical Squeeze: Rising transportation costs and fuel surcharges are pushing the retail price of orange juice to new highs.
    • Tactical Diversification: Investors are holding orange juice as a tactical soft commodity play to diversify away from high-volatility energy.
LB Lumber
    • Housing Proxy: Lumber prices are tracking resilient consumer confidence data, signaling continued demand for construction despite high rates.
    • Cost-Push Inflation: Surging energy and metal prices are increasing the all-in cost of construction materials.
    • Rate Sensitivity: The rally in benchmark yields is a headwind for lumber, as higher mortgage rates threaten to slow housing starts.

If you have questions contact me. 

Peter Knight
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Disclosure

260428 positions, 260429 stops, reversals & objectives

Intraday Quotes 
S&P 500 NASDAQ Dow  Gold Silver 
Copper  Platinum Bitcoin Crude  Gasoline
Swiss Euro  Dollar Yen
How to track trades
 Performance Historical Trade Reports
 
.................................................................

JUN26 MINI SP 500       1843 Trading days from 190102 to 260428

Running .DAT file ESN011.DAT

Last trading day was 260428   Closing price was 7171.0000

Current V value is 126.750000 (507 ticks)  K1 value is 0.41
V*K1 for tomorrow is 51.967500 (208 ticks)

BuyStop for tomorrow is 7223.0000  SellStop is 7119.0000

Protective stop price is 8154.0000
Profit objective price is 6842.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7154.0000
Open trade equity is -850.00

From 190102 total profit is 317425.00
            current drawdown is -6987.50
            maximum drawdown was -31150.00
................................................................
.................................................................

JUN26 MICRO SP 500       1843 Trading days from 190102 to 260428

Running .DAT file ESM004.DAT

Last trading day was 260428   Closing price was 7171.0000

Current V value is 126.750000 (507 ticks)  K1 value is 0.41
V*K1 for tomorrow is 51.967500 (208 ticks)

BuyStop for tomorrow is 7223.0000  SellStop is 7119.0000

Protective stop price is 17154.0000
Profit objective price is 6842.0000

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 7154.0000
Open trade equity is -85.00

From 190102 total profit is 17342.50
            current drawdown is -837.50
            maximum drawdown was -4791.25
................................................................
.................................................................

JUN26 MINI NASDAQ 100       1843 Trading days from 190102 to 260428

Running .DAT file NQN002.DAT

Last trading day was 260428   Closing price was 27222.0000

Current V value is 1267.000000 (5068 ticks)  K1 value is 0.43
V*K1 for tomorrow is 544.810000 (2179 ticks)

BuyStop for tomorrow is 27792.7500  SellStop is 26703.0000

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
................................................................
.................................................................

JUN26 MICRO NASDAQ 100       1843 Trading days from 190102 to 260428

Running .DAT file NQM008.DAT

Last trading day was 260428   Closing price was 27222.0000

Current V value is 1267.000000 (5068 ticks)  K1 value is 0.43
V*K1 for tomorrow is 544.810000 (2179 ticks)

BuyStop for tomorrow is 27792.7500  SellStop is 26703.0000

V is less than high filter value of 5300
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
................................................................
.................................................................

JUN26 DOW FUTURES       1843 Trading days from 190102 to 260428

Running .DAT file YMN016.DAT

Last trading day was 260428   Closing price was 49297.0000

Current V value is 3618.000000 (3618 ticks)  K1 value is 0.26
V*K1 for tomorrow is 940.680000 (941 ticks)

BuyStop for tomorrow is 50291.0000  SellStop is 48409.0000

Protective stop price is 39668.0000
Profit objective price is 50656.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 46396.0000
Open trade equity is 14505.00

From 190102 total profit is 255125.00
            current drawdown is -4940.00
            maximum drawdown was -18315.00
................................................................
.................................................................

JUN26 MICRO DOW FUTURES       1843 Trading days from 190102 to 260428

Running .DAT file YMM015.DAT

Last trading day was 260428   Closing price was 49297.0000

Current V value is 3681.000000 (3681 ticks)  K1 value is 0.27
V*K1 for tomorrow is 993.870000 (994 ticks)

BuyStop for tomorrow is 50353.0000  SellStop is 48365.0000

Protective stop price is 46418.0000
Profit objective price is 51033.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 46433.0000
Open trade equity is 1432.00

From 190102 total profit is 18739.50
            current drawdown is -187.00
            maximum drawdown was -2361.50
................................................................
.................................................................

JUN26 GOLD 100       1842 Trading days from 190102 to 260428

Running .DAT file GC1005.DAT

Last trading day was 260428   Closing price was 4608.3999

Current V value is 148.899902 (14890 ticks)  K1 value is 0.80
V*K1 for tomorrow is 119.119922 (11912 ticks)

BuyStop for tomorrow is 4761.1700  SellStop is 4522.9300

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
................................................................
.................................................................

JUN26 MINI GOLD 50       1842 Trading days from 190102 to 260428

Running .DAT file GC2014.DAT

Last trading day was 260428   Closing price was 4608.3999

Current V value is 106.653679 (10665 ticks)  K1 value is 0.86
V*K1 for tomorrow is 91.722164 (9172 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
................................................................
.................................................................

JUL26 MICRO GOLD 10       1842 Trading days from 190102 to 260428

Running .DAT file GC3010.DAT

Last trading day was 260428   Closing price was 4608.3999

Current V value is 245.500000 (24550 ticks)  K1 value is 0.63
V*K1 for tomorrow is 154.665000 (15466 ticks)

BuyStop for tomorrow is 4785.5000  SellStop is 4476.1700

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
................................................................
.................................................................

JUL26 5000 COMEX SILVER       1842 Trading days from 190102 to 260428

Running .DAT file SI1005.DAT

Last trading day was 260428   Closing price was 73.7450

Current V value is 4.275002 (4275 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.180251 (2180 ticks)

BuyStop for tomorrow is 75.9250  SellStop is 71.5650

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 808515.02
            current drawdown is -26084.99
            maximum drawdown was -43100.00
................................................................
.................................................................

JUL26 2500 COMEX SILVER       1842 Trading days from 190102 to 260428

Running .DAT file SI2005.DAT

Last trading day was 260428   Closing price was 73.7450

Current V value is 4.275002 (4275 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.180251 (2180 ticks)

BuyStop for tomorrow is 75.9250  SellStop is 71.5650

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 383307.51
            current drawdown is -13217.49
            maximum drawdown was -21625.00
................................................................
.................................................................

MAY26 1000 COMEX SILVER       1842 Trading days from 190102 to 260428

Running .DAT file SI3005.DAT

Last trading day was 260428   Closing price was 73.7450

Current V value is 4.275002 (4275 ticks)  K1 value is 0.51
V*K1 for tomorrow is 2.180251 (2180 ticks)

BuyStop for tomorrow is 75.9250  SellStop is 71.5650

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 126983.00
            current drawdown is -5497.00
            maximum drawdown was -8740.00
................................................................
.................................................................

JUL26 COPPER 25000       1842 Trading days from 190102 to 260428

Running .DAT file HG1005.DAT

Last trading day was 260428   Closing price was 5.9740

Current V value is 0.257500 (5150 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.077250 (1545 ticks)

BuyStop for tomorrow is 6.0513  SellStop is 5.8967

Protective stop price is 6.0910
Profit objective price is 5.5952

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently short 1 contract(s) at 6.0312
Open trade equity is 1428.75

From 190102 total profit is 143965.00
            current drawdown is -3988.75
            maximum drawdown was -14852.50
................................................................
.................................................................

JUL26 MINI COPPER 12500       1842 Trading days from 190102 to 260428

Running .DAT file HG2001.DAT

Last trading day was 260428   Closing price was 5.9740

Current V value is 0.257500 (5150 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.077250 (1545 ticks)

BuyStop for tomorrow is 6.0513  SellStop is 5.8967

Protective stop price is 6.0910
Profit objective price is 5.5512

V is equal to or greater than high filter value of 4525
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently short 1 contract(s) at 6.0312
Open trade equity is 714.38

From 190102 total profit is 62220.62
            current drawdown is -3556.87
            maximum drawdown was -7941.25
................................................................
.................................................................

OCT26 PLATINUM 50       1842 Trading days from 190102 to 260428

Running .DAT file PLA008.DAT

Last trading day was 260428   Closing price was 1977.7000

Current V value is 92.500000 (9250 ticks)  K1 value is 0.46
V*K1 for tomorrow is 42.550000 (4255 ticks)

BuyStop for tomorrow is 2024.5500  SellStop is 1939.4500

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
................................................................
.................................................................

JUN26 1000 CRUDE OIL       1842 Trading days from 190102 to 260428

Running .DAT file CL1012.DAT

Last trading day was 260428   Closing price was 99.9300

Current V value is 11.779999 (1178 ticks)  K1 value is 0.50
V*K1 for tomorrow is 5.889999 (589 ticks)

BuyStop for tomorrow is 105.8200  SellStop is 94.0400

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 234000.01
            current drawdown is 0.00
            maximum drawdown was -16990.00
................................................................
.................................................................

JUN26 500 CRUDE OIL       1842 Trading days from 190102 to 260428

Running .DAT file CL2010.DAT

Last trading day was 260428   Closing price was 99.9300

Current V value is 11.779999 (1178 ticks)  K1 value is 0.50
V*K1 for tomorrow is 5.889999 (589 ticks)

BuyStop for tomorrow is 105.8200  SellStop is 94.0400

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 111100.00
            current drawdown is 0.00
            maximum drawdown was -8700.00
................................................................
.................................................................

OCT26 42000 GASLOINE       1842 Trading days from 190102 to 260428

Running .DAT file RBN005.DAT

Last trading day was 260428   Closing price was 2.7061

Current V value is 0.183400 (1834 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.091700 (917 ticks)

BuyStop for tomorrow is 2.7978  SellStop is 2.6144

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
................................................................
.................................................................

MAY26 MICRO BITCOIN       1843 Trading days from 190102 to 260428

Running .DAT file BTC022.DAT

Last trading day was 260428   Closing price was 76660.0000

Current V value is 4265.000000 (4265 ticks)  K1 value is 0.56
V*K1 for tomorrow is 2388.400000 (2388 ticks)

BuyStop for tomorrow is 79171.0000  SellStop is 74394.0000

Protective stop price is 67185.0000
Profit objective price is 107681.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 77681.0000
Open trade equity is -102.10

From 190102 total profit is 24241.70
            current drawdown is -1969.60
            maximum drawdown was -3038.00
................................................................
.................................................................

JUN26 1250000 YEN       1843 Trading days from 190102 to 260428

Running .DAT file J6N012.DAT

Last trading day was 260428   Closing price was 0.6291

Current V value is 0.007700 (77 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.005313 (53 ticks)

BuyStop for tomorrow is 0.6344  SellStop is 0.6238

Protective stop price is 0.6108
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is -475.00

From 190102 total profit is 63393.75
            current drawdown is -2431.25
            maximum drawdown was -9943.74
................................................................
.................................................................

JUN26 100000 DOLLAR INDEX       1878 Trading days from 190102 to 260428

Running .DAT file DXX016.DAT

Last trading day was 260428   Closing price was 98.4760

Current V value is 0.566994 (5670 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.238137 (2381 ticks)

BuyStop for tomorrow is 98.7141  SellStop is 98.2379

Protective stop price is 97.0353
Profit objective price is 102.4603

V is less than high filter value of 8750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 98.5603
Open trade equity is -84.30

From 190102 total profit is 29053.79
            current drawdown is -1206.11
            maximum drawdown was -5535.50
................................................................
.................................................................

JUN26 125000 EURO FX       1843 Trading days from 190102 to 260428

Running .DAT file E6N015.DAT

Last trading day was 260428   Closing price was 1.1738

Current V value is 0.016400 (164 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.006888 (69 ticks)

BuyStop for tomorrow is 1.1807  SellStop is 1.1669

Protective stop price is 1.1556
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 1775.00

From 190102 total profit is 72450.00
            current drawdown is -2018.74
            maximum drawdown was -7062.50
................................................................
.................................................................

JUN26 62500 EUR0 FX MINI       1843 Trading days from 190102 to 260428

Running .DAT file E7M008.DAT

Last trading day was 260428   Closing price was 1.1738

Current V value is 0.016400 (164 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.006888 (69 ticks)

BuyStop for tomorrow is 1.1807  SellStop is 1.1669

Protective stop price is 1.1554
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 887.50

From 190102 total profit is 33550.00
            current drawdown is -1034.37
            maximum drawdown was -3881.25
................................................................
.................................................................

JUN26 125000 SWISS FRANC       1843 Trading days from 190102 to 260428

Running .DAT file S6N003.DAT

Last trading day was 260428   Closing price was 1.2730

Current V value is 0.007525 (75 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.009406 (94 ticks)

260429 Open 1.2732		
V*K1 = 0.0094		
BuyStop for tomorrow is	1.2826 SellStop is 1.2638

Protective stop price is 0.8918
Profit objective price is 1.3250

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.2714
Open trade equity is 206.24

From 190102 total profit is 90356.25
            current drawdown is 0.00
            maximum drawdown was -9587.51
................................................................

If you have questions contact me. 

Peter Knight
Voice & Video Chats.
Message me

 

 

Disclosure

Fundamental Commentary 260428

c

STOCK INDICES
x
ES S&P 500
    • Earnings Tailwind: Blowout results from the mega-cap tech sector are outweighing concerns about a broader industrial slowdown, keeping the benchmark at record levels.
    • Yield Stabilization: A cooling in the 10-year Treasury yield today has provided a favorable valuation floor for the index’s growth-heavy components.
    • Inflation Outlook: Investors are parsing today’s wholesale data as a sign that core inflation may be plateauing, easing fears of an immediate Fed rate hike
NQ NASDAQ 100
    • AI Capex Surge: Aggressive capital expenditure plans from the “Magnificent Seven” for AI infrastructure are fueling an unprecedented bid into semiconductor and data center stocks.
    • Hardware Superiority: The index is benefiting from a “hardware-first” rally, where chip designers and manufacturers are outperforming general software firms
    • Short Squeeze Momentum: Significant net-short positioning among asset managers in tech futures is providing extra fuel for today’s vertical move
YM Dow Jones
    • Industrial Divergence: The Dow is lagging behind the tech-heavy indices as cyclicals face headwinds from sustained high borrowing costs.
    • Blue-Chip Earnings: Mixed results from the financial and consumer staple components are creating a “tug-of-war” for momentum within the 30-stock average.
    • Safety Rotation: As the S&P hits record highs, some institutional rotation into dividend-paying Dow value stocks is providing a support level for the index.
QR Russell 2000
    • Interest Rate Sensitivity: Small-caps remain highly reactive to the “higher-for-longer” narrative, exhibiting greater volatility than their large-cap counterparts.
    • Regional Bank Strength: A stabilization in regional banking stocks is providing a necessary floor for the Russell, which is heavily weighted in the financial sector.
    • Domestic Growth Proxy: The index is tracking resilient U.S. manufacturing data, reflecting a bet on internal economic strength over global exposure.
FX Euro Stoxx 50
    • ECB Easing Hopes: Hints from Frankfurt regarding a potential June rate cut are making European blue-chips increasingly attractive to global investors.
    • Energy Input Relief: Lowered natural gas prices across the continent are improving margins for Europe’s heavy industrial and automotive sectors.
    • Luxury Demand Recovery: Signs of stabilizing demand from Asian markets are providing a fundamental boost to the index’s premium fashion and cosmetic giants.
SZ Swiss Index
    • Defensive Safe-Haven: Ongoing geopolitical uncertainty in the Middle East continues to drive capital into the high-quality, stable Swiss market.
    • Pharma Leadership: Positive clinical trial updates from major Swiss pharmaceutical firms are providing outsized support for the index today.
    • Franc Stability: The Swiss National Bank’s management of currency strength is helping exporters maintain competitive margins in a volatile global environment.
MX CAC 40
    • Premium Export Bid: French luxury giants are seeing renewed momentum as global high-net-worth spending remains resilient despite macro pressures.
    • Banking Profitability: French financial institutions are benefiting from a favorable interest rate environment, supporting the CAC 40’s core banking components.
    • Fiscal Policy Support: Market-friendly fiscal signals from Paris are improving international investor sentiment toward French infrastructure and energy firms.
AE AEX
    • Semiconductor Hub: The performance of the Dutch semiconductor equipment industry is the primary driver of the AEX, tracking the global surge in AI infrastructure demand.
    • Logistical Efficiency: As Europe’s primary logistical gateway, the AEX is benefiting from a stabilization in global trade and shipping routes.
    • Financial Services Bid: Strong cross-border banking activity in the Eurozone is supporting Amsterdam-based financial services firms.
NY Nikkei
    • Yen Weakness Tailwinds: The persistent sell-bias in the JPY continues to provide a massive repatriated earnings boost for Japan’s dominant export sector.
    • Corporate Governance Reforms: Ongoing efforts to improve shareholder returns are attracting record levels of foreign institutional investment into the Nikkei.
    • BoJ Accommodation: The Bank of Japan’s commitment to an ultra-loose monetary policy remains a primary catalyst for Japanese equity strength.
HS Hang Seng
    • Stimulus Anticipation: Traders are positioning for more aggressive fiscal intervention from Beijing to stabilize the mainland’s property and consumer sectors.
    • Valuation Attraction: Historically low P/E ratios are finally attracting value-oriented global funds back into the Hong Kong market.
    • Regulatory Normalization: A steady decrease in regulatory pressure on Chinese internet giants is reviving growth prospects for the index’s tech heavyweights.
METALS
x
GC Gold 100
    • Sovereign Diversification: Record levels of gold accumulation by global central banks are providing a firm fundamental “floor” under the price.
    • Geopolitical Hedge: Persistent tensions in the Middle East are sustaining a safe-haven premium, keeping gold relevant as an ultimate store of value.
    • Inflation Protection: With core inflation remaining sticky, gold continues to attract capital as a hedge against currency debasement.
SI Silver 5000
    • Industrial Deficit: Accelerating demand for silver in the solar energy and EV sectors is outpacing global mining output, creating a structural supply gap.
    • Gold Correlation: Silver is tracking the broader safe-haven rally in gold while attracting retail speculators looking for a lower-cost entry into precious metals.
    • Dollar Inverse: Recent fluctuations in the DXY are creating sharp, momentum-driven swings in dollar-denominated silver pricing.
HG Copper 25K
    • Electrification Demand: The global transition to renewable energy and EV infrastructure is driving a long-term supply deficit in the copper market.
    • Inventory Depletion: Critically low stockpiles in global exchange warehouses are making copper prices highly sensitive to any supply disruptions.
    • China Infrastructure Bid: Renewed focus on grid modernization in China is keeping the demand for copper wiring and industrial components at record levels.
PL Platinum 50
    • Supply Constraint Risks: Ongoing energy and labor issues in major South African mining hubs are threatening the stability of global platinum production.
    • Hydrogen Economy Catalyst: Platinum’s critical role in green hydrogen production is emerging as a powerful new long-term pillar of demand.
    • Auto-Catalyst Substitution: Increased use of platinum over more expensive palladium in catalytic converters is tightening the overall market balance.
ENERGY
x
CL Crude Oil
    • Strait of Hormuz Tension: Prices are reacting to the continued “war premium” as naval blockades and stalled peace talks threaten 10 million barrels of daily supply.
    • OPEC+ Compliance: Strict adherence to production quotas by major exporters is effectively managing global inventory levels despite economic uncertainty.
    • Strategic Reserve Refills: The U.S. government’s intent to refill the SPR at current levels is providing a reliable price floor for WTI crude.
NG Natural Gas
    • Export Capacity Expansion: Increased U.S. LNG export capacity is slowly integrating domestic natural gas prices with higher-value global markets.
    • Weather-Driven Volatility: Shifting seasonal weather patterns are creating tactical spikes in demand for power generation and residential heating.
    • Production Discipline: A reduction in new drilling activity among major North American producers is helping to balance a previously oversupplied market.
RB Gasoline
    • Refinery Margin Surge: Supply disruptions in the Middle East are driving fuel margins to multi-year highs, directly impacting prices at the pump.
    • Seasonal Driving Demand: The approach of the summer driving season is providing a predictable fundamental tailwind for gasoline futures.
    • Shipping Lane Insecurity: Increased costs for global fuel transit are being passed through to refined products, keeping prices elevated.
HO Heating Oil
    • Distillate Scarcity: Low global inventories of middle distillates are keeping heating oil prices elevated relative to the underlying crude market.
    • Industrial Competition: High demand for diesel in the logistics and shipping sectors is competing for the same distillate pool as heating oil.
    • War-Lifted Premiums: As a primary refined product, heating oil is tracking the safe-haven “fear premium” seen in the broader energy complex.
CURRENCIES
x
A6 100,000 AUD
    • Commodity Price Support: High global prices for iron ore and coal are providing a direct fundamental bid for the Australian Dollar.
    • China Growth Spillover: Signs of industrial stabilization in China are viewed as a major positive for the Aussie’s trade-sensitive valuation.
    • Yield Advantage: The RBA’s hawkish stance on inflation is keeping Australian rates attractive to international carry-traders.
D6 100,000 CAD
    • Energy Export Correlation: The Canadian Dollar remains the primary proxy for oil price fluctuations among G10 currencies.
    • Economic Integration: Strong U.S. consumer demand for Canadian raw materials is providing a supportive backdrop for the Loonie.
    • Housing Market Resilience: Stable domestic real estate values are allowing the BoC to maintain a more restrictive policy than many peers.
S6 125,000 CHF
    • Ultimate Safe-Haven: The Swiss Franc remains the destination of choice for capital fleeing regional geopolitical and inflationary risks.
    • Current Account Strength: Switzerland’s massive trade surplus provides a consistent, long-term fundamental bid for the Franc.
    • Deflationary Protection: Investors are using the CHF as a premier shield against global currency debasement and purchasing power loss
E6 125,000 EUR
    • Ceasefire Optimism: The Euro is reacting to de-escalation hopes, which would prevent a deeper recession across the Eurozone’s industrial base.
    • Speculator Positioning: Professional traders are gradually increasing their net-long exposure to the Euro as regional economic data improves.
    • Trade Balance Improvement: Lower energy import costs are helping the Eurozone recover its trade surplus, supporting the currency’s floor.
B6 62,500 GBP
    • Retail Sales Resilience: Better-than-expected UK retail data is providing a fundamental boost to the Pound, reflecting a resilient domestic consumer.
    • Hawkish BoE Bias: Sticky inflation in the UK is keeping the Bank of England in a relatively more hawkish position than the Fed or ECB.
    • Economic Growth Revision: Recent upward revisions to UK GDP growth for 2026 are attracting global capital back into Sterling-denominated assets.
J6 12.5 M JPY
    • Carry Trade Dominance: The massive interest rate gap between the U.S. and Japan is fueling continued selling pressure on the Yen.
    • BoJ Policy Stance: The Bank of Japan’s refusal to aggressively hike rates despite global inflation is keeping the JPY at multi-decade lows.
    • Safe-Haven Disconnect: The Yen is currently failing to act as a safe haven during the Middle East crisis, losing out to Gold and the Franc.
DX 100,000 USD
    • Safe-Haven Dominance: The Dollar remains the primary liquid hedge for investors navigating the Iran-U.S. conflict and shipping disruptions.
    • Inflation Expectations: High consumer inflation expectations are keeping a long-term fundamental bid under the Dollar Index.
    • Yield Support: While yields have cooled today, the USD remains supported by the “higher-for-longer” interest rate narrative in the U.S.
CRYPTO
x
BT 0.10 Bitcoin
    • Institutional Adoption: The continued integration of Bitcoin into institutional portfolios via ETFs is providing a significant long-term floor for the market.
    • Digital Gold Narrative: Bitcoin is increasingly tracking gold’s safe-haven moves during periods of geopolitical instability.
    • Halving Supply Shock: The market is continuing to price in the long-term impact of the recent supply halving on daily exchange availability.
TAM 0.10 Ether
    • Ecosystem Activity: Growth in decentralized finance (DeFi) and NFT protocols is driving increased demand for Ethereum’s utility.
    • Risk-On Correlation: Ether remains more closely correlated with the Nasdaq-100 and broader tech sentiment than Bitcoin.
    • Staking Yield Attraction: The ability to earn yield through staking is attracting long-term investors looking for passive income within the crypto space.
INTEREST RATES
x
SQ 3-Month
    • Fed Policy Anchor: Short-term rates are firmly anchored to the Fed’s current target range, reflecting a “wait-and-see” approach for late 2026.
    • Inflation Expectations: The 3-month market is tracking short-term consumer inflation prints, which remain uncomfortably high.
    • Liquidity Preference: Investors are using 3-month bills as a primary “parking spot” for capital during bouts of high market volatility.
ZT 2-Year T-Note
    • Fed Pivot Pricing: The 2-year yield is highly sensitive to shifting expectations for the timing and depth of future rate cuts.
    • Economic Cooling Signs: Recent soft data in manufacturing is prompting some traders to bet on an earlier-than-expected Fed policy shift.
    • Inversion Dynamics: The 2-year yield remains elevated relative to long-term bonds, reflecting a persistent “higher-for-now” market outlook.
ZF 5-Year T-Note
    • Intermediate Stabilization: 5-year yields are finding a range as investors balance resilient GDP growth against plateauing inflation data.
    • Corporate Debt Benchmark: The 5-year remains the critical benchmark for the corporate borrowing currently funding the AI infrastructure boom.
    • Auction Demand: Strong demand at recent Treasury auctions is helping to cap the upside for 5-year note yields.
ZN 10-Year
    • Global Risk Pulse: The 10-year yield is retreating today as a “safe-harbor” bid emerges amid Middle East uncertainty.
    • Long-Term Inflation Stability: 10-year breakeven rates suggest the market still believes in a return to 2% inflation in the coming years.
    • Sovereign Flows: International capital is flowing into the 10-year as U.S. debt remains the preferred liquid alternative to more volatile foreign markets.
ZB 30-Year
    • Pension Fund Demand: Institutional demand from long-duration pension and insurance funds is providing a consistent bid for the 30-year bond.
    • Growth Outlook Proxy: The 30-year yield is reflecting a “softer but stable” long-term growth outlook for the U.S. economy.
    • Inversion Protection: Investors are buying the 30-year as a hedge against a potential hard landing if interest rates remain high for too long.
AGRICULTURAL
x
ZC Corn
    • Ethanol Demand Correlation: Corn prices are tracking the surge in crude oil as bio-fuel demand increases alongside rising petroleum costs.
    • China Import Bid: Accelerating industrial activity in China is seen as a long-term positive for global corn demand as a primary livestock feed.
    • Planting Progress: Market volatility is being tempered by early reports of favorable planting conditions across the U.S. Midwest.
ZW Wheat
    • Black Sea Supply Risk: Wheat remains the primary agricultural proxy for geopolitical tension in the Russia-Ukraine and Middle East regions.
    • Dollar Headwinds: The sustained strength of the USD is making U.S. wheat exports less competitive on the global market.
    • Speculator Short-Covering: Large speculators are beginning to cover historic short positions as weather and war concerns threaten future yields.
ZS Soybeans
    • Bio-Diesel Expansion: Growing demand for soy-based bio-diesel is providing a new, structural pillar of support for soybean prices.
    • China Trade Dynamics: Soybeans are highly sensitive to the industrial growth data and trade policy signals coming out of Beijing.
    • Latin American Supply: Ongoing production reports from Brazil and Argentina are providing a necessary offset to the current U.S. supply constraints.
CT Cotton
    • Industrial Profit Spillover: Surging manufacturing activity in Asia is keeping the demand for raw cotton materials stable despite consumer sentiment concerns.
    • Logistics Constraints: Shipping lane disruptions in the Middle East are increasing the time and cost for cotton to reach European and Asian textile hubs.
    • Discretionary Spending Hedge: Cotton is sensitive to the “soft landing” narrative, as clothing remains a primary indicator of consumer health.
KC Coffee
    • Brazilian Supply Squeeze: Reports of late-season weather issues in Brazil are triggering a bullish momentum shift in arabica coffee futures.
    • Transit Cost Surges: Rising fuel and shipping premiums are directly increasing the transport cost for coffee beans from Central America and Asia.
    • Resilient Premium Consumption: Global demand for high-end coffee remains strong as consumers maintain daily habits despite economic pressures.
CC Cocoa
    • Structural Supply Deficit: Ongoing production failures in West Africa remain the primary driver of cocoa’s historic, multi-year price rally.
    • Inventory Depletion: Global cocoa stockpiles have reached multi-decade lows, leaving the market highly vulnerable to any further supply shocks.
    • Speculator Long Concentration: Momentum is being sustained by a high concentration of bullish speculator positioning in the futures market
OJ Orange Juice
    • Florida Supply Woes: Historically low production forecasts for Florida citrus continue to provide a firm fundamental bid for orange juice.
    • Logistical Premiums: Increased transportation and fuel costs are adding a “hidden premium” to the retail pricing of orange juice.
    • Defensive Rotation: Some investors are rotating into niche agricultural commodities like OJ as a tactical diversifier against equity market volatility.
LB Lumber
    • Housing Market Resilience: Lumber prices are tracking the resilient performance of the U.S. housing market despite elevated mortgage rates.
    • Construction Material Demand: A rebound in global manufacturing and infrastructure spending is providing a foundational bid for lumber.
    • Interest Rate Pivot Focus: Lumber remains highly sensitive to any signals that the Fed might move toward a more accommodative stance.

If you have questions contact me. 

Peter Knight
Voice & Video Chats.
Message me

 

 

Disclosure

260427 positions, 260428 stops, reversals & objectives

Intraday Quotes 
S&P 500 NASDAQ Dow  Gold Silver 
Copper  Platinum Bitcoin Crude  Gasoline
Swiss Euro  Dollar Yen
How to track trades
 Performance Historical Trade Reports
 
.................................................................

JUN26 MINI SP 500       1842 Trading days from 190102 to 260427

Running .DAT file ESN011.DAT

Last trading day was 260427   Closing price was 7206.0000

Current V value is 126.750000 (507 ticks)  K1 value is 0.41
V*K1 for tomorrow is 51.967500 (208 ticks)

BuyStop for tomorrow is 7258.0000  SellStop is 7154.0000

Protective stop price is 6206.0000
Profit objective price is 7506.7500

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7194.7500
Open trade equity is 562.50

From 190102 total profit is 320925.00
            current drawdown is -4900.00
            maximum drawdown was -31150.00
................................................................
.................................................................

JUN26 MICRO SP 500       1842 Trading days from 190102 to 260427

Running .DAT file ESM004.DAT

Last trading day was 260427   Closing price was 7206.0000

Current V value is 126.750000 (507 ticks)  K1 value is 0.41
V*K1 for tomorrow is 51.967500 (208 ticks)

BuyStop for tomorrow is 7258.0000  SellStop is 7154.0000

Protective stop price is 0.0000
Profit objective price is 7506.7500

V is less than high filter value of 1750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 7194.7500
Open trade equity is 56.25

From 190102 total profit is 17737.50
            current drawdown is -583.75
            maximum drawdown was -4791.25
................................................................
.................................................................

JUN26 MINI NASDAQ 100       1842 Trading days from 190102 to 260427

Running .DAT file NQN002.DAT

Last trading day was 260427   Closing price was 27440.5000

Current V value is 1608.750000 (6435 ticks)  K1 value is 0.43
V*K1 for tomorrow is 691.762500 (2767 ticks)

BuyStop for tomorrow is 28119.0000  SellStop is 26735.5000

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 443925.00
            current drawdown is -20610.00
            maximum drawdown was -41970.00
................................................................
.................................................................

JUN26 MICRO NASDAQ 100       1842 Trading days from 190102 to 260427

Running .DAT file NQM008.DAT

Last trading day was 260427   Closing price was 27440.5000

Current V value is 1608.750000 (6435 ticks)  K1 value is 0.43
V*K1 for tomorrow is 691.762500 (2767 ticks)

BuyStop for tomorrow is 28119.0000  SellStop is 26735.5000

V is equal to or greater than high filter value of 5300
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 37687.50
            current drawdown is -2241.00
            maximum drawdown was -4332.00
................................................................
.................................................................

JUN26 DOW FUTURES       1842 Trading days from 190102 to 260427

Running .DAT file YMN016.DAT

Last trading day was 260427   Closing price was 49342.0000

Current V value is 3681.000000 (3681 ticks)  K1 value is 0.26
V*K1 for tomorrow is 957.060000 (957 ticks)

BuyStop for tomorrow is 50307.0000  SellStop is 48393.0000

Protective stop price is 39668.0000
Profit objective price is 50656.0000

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 46396.0000
Open trade equity is 14730.00

From 190102 total profit is 255350.00
            current drawdown is -4940.00
            maximum drawdown was -18315.00
................................................................
.................................................................

JUN26 MICRO DOW FUTURES       1842 Trading days from 190102 to 260427

Running .DAT file YMM015.DAT

Last trading day was 260427   Closing price was 49342.0000

Current V value is 3967.000000 (3967 ticks)  K1 value is 0.27
V*K1 for tomorrow is 1071.090000 (1071 ticks)

BuyStop for tomorrow is 50422.0000  SellStop is 48280.0000

Protective stop price is 46418.0000
Profit objective price is 51033.0000

V is less than high filter value of 6440
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 46433.0000
Open trade equity is 1454.50

From 190102 total profit is 18762.00
            current drawdown is -187.00
            maximum drawdown was -2361.50
................................................................
.................................................................

JUN26 GOLD 100       1841 Trading days from 190102 to 260427

Running .DAT file GC1005.DAT

Last trading day was 260427   Closing price was 4693.7002

Current V value is 91.199707 (9120 ticks)  K1 value is 0.80
V*K1 for tomorrow is 72.959766 (7296 ticks)

BuyStop for tomorrow is 4786.4600  SellStop is 4640.5400

V is equal to or greater than high filter value of 8350
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 297612.00
            current drawdown is -9516.00
            maximum drawdown was -27150.00
................................................................
.................................................................

JUN26 MINI GOLD 50       1841 Trading days from 190102 to 260427

Running .DAT file GC2014.DAT

Last trading day was 260427   Closing price was 4693.7002

Current V value is 103.461372 (10346 ticks)  K1 value is 0.86
V*K1 for tomorrow is 88.976780 (8898 ticks)

BuyStop and SellStop computation requires tomorrow's Open

V is equal to or greater than high filter value of 8550
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 156606.50
            current drawdown is 0.00
            maximum drawdown was -14128.00
................................................................
.................................................................

JUL26 MICRO GOLD 10       1841 Trading days from 190102 to 260427

Running .DAT file GC3010.DAT

Last trading day was 260427   Closing price was 4693.7002

Current V value is 245.500000 (24550 ticks)  K1 value is 0.63
V*K1 for tomorrow is 154.665000 (15466 ticks)

BuyStop for tomorrow is 4861.5700  SellStop is 4552.2400

V is equal to or greater than high filter value of 8925
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 21058.60
            current drawdown is -789.70
            maximum drawdown was -2478.50
................................................................
.................................................................

JUL26 5000 COMEX SILVER       1841 Trading days from 190102 to 260427

Running .DAT file SI1005.DAT

Last trading day was 260427   Closing price was 75.5680

Current V value is 1.985001 (1985 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.012350 (1012 ticks)

BuyStop for tomorrow is 76.5800  SellStop is 74.5560

Protective stop price is 93.5680
Profit objective price is 66.2110

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 79.6510
Open trade equity is 20415.00

From 190102 total profit is 823795.01
            current drawdown is -31219.99
            maximum drawdown was -43100.00
................................................................
.................................................................

JUL26 2500 COMEX SILVER       1841 Trading days from 190102 to 260427

Running .DAT file SI2005.DAT

Last trading day was 260427   Closing price was 75.5680

Current V value is 1.985001 (1985 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.012350 (1012 ticks)

BuyStop for tomorrow is 76.5800  SellStop is 74.5560

Protective stop price is 95.5680
Profit objective price is 66.2110

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 79.6510
Open trade equity is 10207.50

From 190102 total profit is 390997.51
            current drawdown is -15734.99
            maximum drawdown was -21625.00
................................................................
.................................................................

MAY26 1000 COMEX SILVER       1841 Trading days from 190102 to 260427

Running .DAT file SI3005.DAT

Last trading day was 260427   Closing price was 75.5680

Current V value is 1.985001 (1985 ticks)  K1 value is 0.51
V*K1 for tomorrow is 1.012350 (1012 ticks)

BuyStop for tomorrow is 76.5800  SellStop is 74.5560

Protective stop price is 125.5680
Profit objective price is 66.4510

V is less than high filter value of 6775
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 79.6510
Open trade equity is 4083.00

From 190102 total profit is 130119.00
            current drawdown is -6444.00
            maximum drawdown was -8740.00
................................................................
.................................................................

JUL26 COPPER 25000       1841 Trading days from 190102 to 260427

Running .DAT file HG1005.DAT

Last trading day was 260427   Closing price was 6.0790

Current V value is 0.159500 (3190 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.047850 (957 ticks)

BuyStop for tomorrow is 6.1269  SellStop is 6.0312

Protective stop price is 6.0194
Profit objective price is 6.5724

V is less than high filter value of 4525
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 6.1364
Open trade equity is -1433.75

From 190102 total profit is 143782.50
            current drawdown is -1308.75
            maximum drawdown was -14852.50
................................................................
.................................................................

JUL26 MINI COPPER 12500       1841 Trading days from 190102 to 260427

Running .DAT file HG2001.DAT

Last trading day was 260427   Closing price was 6.0790

Current V value is 0.159500 (3190 ticks)  K1 value is 0.30
V*K1 for tomorrow is 0.047850 (957 ticks)

BuyStop for tomorrow is 6.1269  SellStop is 6.0312

Protective stop price is 6.0194
Profit objective price is 6.6164

V is less than high filter value of 4525
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 6.1364
Open trade equity is -716.88

From 190102 total profit is 62154.37
            current drawdown is -2191.87
            maximum drawdown was -7941.25
................................................................
.................................................................

OCT26 PLATINUM 50       1841 Trading days from 190102 to 260427

Running .DAT file PLA008.DAT

Last trading day was 260427   Closing price was 2016.5000

Current V value is 64.699951 (6470 ticks)  K1 value is 0.46
V*K1 for tomorrow is 29.761978 (2976 ticks)

BuyStop for tomorrow is 2055.7600  SellStop is 1996.2400

V is equal to or greater than high filter value of 3850
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 112061.50
            current drawdown is -807.50
            maximum drawdown was -10832.00
................................................................
.................................................................

JUN26 1000 CRUDE OIL       1841 Trading days from 190102 to 260427

Running .DAT file CL1012.DAT

Last trading day was 260427   Closing price was 96.3700

Current V value is 11.779999 (1178 ticks)  K1 value is 0.50
V*K1 for tomorrow is 5.889999 (589 ticks)

BuyStop for tomorrow is 102.2600  SellStop is 90.4800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 234000.01
            current drawdown is 0.00
            maximum drawdown was -16990.00
................................................................
.................................................................

JUN26 500 CRUDE OIL       1841 Trading days from 190102 to 260427

Running .DAT file CL2010.DAT

Last trading day was 260427   Closing price was 96.3700

Current V value is 11.779999 (1178 ticks)  K1 value is 0.50
V*K1 for tomorrow is 5.889999 (589 ticks)

BuyStop for tomorrow is 102.2600  SellStop is 90.4800

V is less than high filter value of 1500
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently flat

From 190102 total profit is 111100.00
            current drawdown is 0.00
            maximum drawdown was -8700.00
................................................................
.................................................................

OCT26 42000 GASLOINE       1841 Trading days from 190102 to 260427

Running .DAT file RBN005.DAT

Last trading day was 260427   Closing price was 2.6769

Current V value is 0.183400 (1834 ticks)  K1 value is 0.50
V*K1 for tomorrow is 0.091700 (917 ticks)

BuyStop for tomorrow is 2.7686  SellStop is 2.5852

V is equal to or greater than high filter value of 1700
V is greater than low filter value of 0

High filter does not permit trading for tomorrow

Currently flat

From 190102 total profit is 222859.21
            current drawdown is 0.00
            maximum drawdown was -14938.40
................................................................
.................................................................

MAY26 MICRO BITCOIN       1842 Trading days from 190102 to 260427

Running .DAT file BTC022.DAT

Last trading day was 260427   Closing price was 77190.0000

Current V value is 4265.000000 (4265 ticks)  K1 value is 0.56
V*K1 for tomorrow is 2388.400000 (2388 ticks)

BuyStop for tomorrow is 80160.0000  SellStop is 75383.0000

Protective stop price is 67185.0000
Profit objective price is 107681.0000

V is less than high filter value of 7210
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 77681.0000
Open trade equity is -49.10

From 190102 total profit is 24294.70
            current drawdown is -1969.60
            maximum drawdown was -3038.00
................................................................
.................................................................

JUN26 1250000 YEN       1842 Trading days from 190102 to 260427

Running .DAT file J6N012.DAT

Last trading day was 260427   Closing price was 0.6297

Current V value is 0.007700 (77 ticks)  K1 value is 0.69
V*K1 for tomorrow is 0.005313 (53 ticks)

BuyStop for tomorrow is 0.6350  SellStop is 0.6244

Protective stop price is 0.6108
Profit objective price is 0.6545

V is less than high filter value of 9999
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 0.6329
Open trade equity is -400.00

From 190102 total profit is 63468.74
            current drawdown is -2431.25
            maximum drawdown was -9943.74
................................................................
.................................................................

JUN26 100000 DOLLAR INDEX       1877 Trading days from 190102 to 260427

Running .DAT file DXX016.DAT

Last trading day was 260427   Closing price was 98.3180

Current V value is 0.576996 (5770 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.242338 (2423 ticks)

BuyStop for tomorrow is 98.5603  SellStop is 98.0757

Protective stop price is 99.5816
Profit objective price is 94.1566

V is less than high filter value of 8750
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently short 1 contract(s) at 98.0566
Open trade equity is -261.40

From 190102 total profit is 29430.39
            current drawdown is -652.41
            maximum drawdown was -5535.50
................................................................
.................................................................

JUN26 125000 EURO FX       1842 Trading days from 190102 to 260427

Running .DAT file E6N015.DAT

Last trading day was 260427   Closing price was 1.1747

Current V value is 0.016400 (164 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.006888 (69 ticks)

BuyStop for tomorrow is 1.1816  SellStop is 1.1678

Protective stop price is 1.1556
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 1887.50

From 190102 total profit is 72562.50
            current drawdown is -2018.74
            maximum drawdown was -7062.50
................................................................
.................................................................

JUN26 62500 EUR0 FX MINI       1842 Trading days from 190102 to 260427

Running .DAT file E7M008.DAT

Last trading day was 260427   Closing price was 1.1747

Current V value is 0.016400 (164 ticks)  K1 value is 0.42
V*K1 for tomorrow is 0.006888 (69 ticks)

BuyStop for tomorrow is 1.1816  SellStop is 1.1678

Protective stop price is 1.1554
Profit objective price is 1.1972

V is less than high filter value of 225
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.1596
Open trade equity is 943.75

From 190102 total profit is 33606.25
            current drawdown is -1034.37
            maximum drawdown was -3881.25
................................................................
.................................................................

JUN26 125000 SWISS FRANC       1842 Trading days from 190102 to 260427

Running .DAT file S6N003.DAT

Last trading day was 260427   Closing price was 1.2797

Current V value is 0.007617 (76 ticks)  K1 value is 1.25
V*K1 for tomorrow is 0.009521 (95 ticks)

260428 Open 1.2799		
V*K1 = 0.0095		
BuyStop for tomorrow is	1.2894	SellStop is 1.2703

Protective stop price is 0.8918
Profit objective price is 1.3250

V is less than high filter value of 125
V is greater than low filter value of 0

High/Low filters permit trading for tomorrow

Currently long 1 contract(s) at 1.2714
Open trade equity is 1037.51

From 190102 total profit is 91187.51
            current drawdown is 0.00
            maximum drawdown was -9587.51
................................................................

If you have questions contact me. 

Peter Knight
Voice & Video Chats.
Message me

 

 

Disclosure

Knightly Settlement Log

EMA, Technical Analysis, Opinion (all 40 markets below)
Message me for our current report “Defining Risk with Premium Neutral Option Collars” 

  260515  Weekly Brief  260612  260611
 260610  260609 260608  This Week  260605
 260604  260603 260602  260601  260529
 260528  260527 260526  260525  260522 W
260521  260520  260519  260508  260507
260506 260505 250504 260501 SR050126
260430 260429 260428 260427 260426

If you have strategy questions my direct line is +1-340-244-4310 or video chat. 

2) Automated Advantage 

Working with my team enables you to effortlessly diversify across 40 liquid markets, trading full size, mini or micro contacts, using multiple strategies, timeframes, long and short. All logic is 100% objective and fully disclosed, all trading activity and fees completely transparent, all trades fully automated using ChartVPS and CQG Integrated Client, with guaranteed accuracy  linked to your choice of  exchange member(s) worldwide. 

3) Risk Tolerance Protocol

Realistically accessing risk and maintaining objective, discipline is essential to success. As important as trading discipline is having a defined exit strategy in place in the event of a program failure. Our operational framework utilizes a Structured Risk Tolerance (SRT) model. This is a hard-wired exit protocol that is defined on every allocation before the first trade takes place,

    • Risk Tolerance:175% of previous maximum drawdown measured from highest settlement value high to lowest settlement value low, marked-to-the-market daily. 
    • Margin requirement: maximum exchange margin for all contracts in an allocation for the previous 24 months. 
    • Maintenance Balance: Liquidating value stop, If a daily settlement liquidation value breaches this floor, the protocol triggers a total liquidation of all positions on or before the next settlement.
    • Trailing Maintenance Balance: This floor is dynamic. As the account appreciates, the Maintenance Balance can be adjusted upward to lock in gains (this works just like a trailing stop loss order on a trade) 

4) Formula for recommended minimum capitalization 

    • Margin: Maximum margin requirement for the allocation over the previous 24 months
    • Add Risk Tolerance: 175% of maximum HH to LL historical drawdown. 
    • Equals Recommended Minimum Capitalization

Example 
Maximum Margin Requirement for the previous 24-months: $200,000
Maximum Historical Drawdown: $100,000
Risk Tolerance: (175% of Maximum Drawdown):$175,000
Margin $200,000 + Risk Tolerance $175,000  = Recommended capitalization $375,000

5) The Treasury Bill Yield Policy = Capital Efficiency.

The majority of the exchange members we work with maintain a liberal Treasury Bill Policy, allowing up to 80% of your account liquidation value to be held in U.S. Government securities.

Because the CME Group accepts short-term Treasuries as the functional equivalent of cash for collateralizing margin requirements, your principal remains a yielding asset. This enables you to capture current market interest rates on the majority of your balance 100% of the time.

6) Safety of Funds (this applies only to CME clearing firms) 

Since 1848, no customer of a CME clearing firm has ever suffered a permanent loss of principal in a properly segregated account due to an insolvency. 

When your account is held directly at a CME member firm it’s protected by the CME Financial Safeguard System (FSS). In the event of a CME member firm insolvency for any reason—including fraud (e.g., Refco or Lehman Brothers)—the system transfers all customer accounts, positions and segregated funds to a CME member firm in good standing, If there is a shortfall in customer funds (generally there is) the FSS restores the balance from the guarantee account typically within 24 to 48 hours. There was one exception that took longer, the 2011 MF Global liquidation, but all customers in properly segregated accounts were ultimately made whole, receiving 100 cents on the dollar. 
.

7) The Clearing Member Advantage:

    • Unlimited Scope of Protection: Unlike the SIPC, which is capped at $500,000, the CME’s Financial Safeguard System has no fixed dollar limit per account. Whether an account holds $50K or $50M, the protocol ensures the full protection and transfer of all segregated assets.
    • The Default Waterfall: This multi-layered safety net utilizes the clearinghouse’s own capital and a dedicated guaranty fund to protect the market and its customers from systemic failure.
    • Stringent Oversight: Clearing members must meet elevated capital requirements and undergo continuous, real-time monitoring by CME Clearing.

8) When you work with my team, we have a shared objective

We base compensation on 5.00% to 12.50% of net new high profits quarterly, all incentive fees must be approved by you prior to being deducted from your account.

      • Zero Management Fees: We do not charge “AUM” fees. 
      • Platform Neutrality: We cover all platform costs.
      • Veteran Execution: You will not be relegated to “AI click-through hell” or a minimum-wage service desk. Every account is assigned a Veteran Broker with a minimum of 15 years of professional experience.
      • Reality Check: While firms like Interactive Brokers pay their service reps at the same level as California fast-food employee, when you contact us, you talk to a professional who’s already familiar with you, your account and your objectives.  

We’re prepared to qualify every aspect of our infrastructure—from logic to liquidity, contact me questions. 

Peter Knight
My Direct Line: +1-340-244-4310
Voice & Video Chats.

 

 

Disclosure

 

Knightly Market Brief June 10, 2026

EMA Analysis Page Economic Reports & Estimates Commentary Log

INDICES

ES S&P 500 E-Mini (ESM26)

  • (CPI Bull Trap Liquidation): The index suffered a severe 114.25 point distribution drop to settle at 7278.50, completely erasing its post-CPI morning rally to 7404.75 as algorithmic execution networks aggressively trapped overextended long positions.
  • (Systematic Margin Unwinding): Cash-session floor blocks faced relentless afternoon distribution, grinding steadily downward through the 7300 milestone to close directly on deep daily support boundaries near 7256.
  • (Pre-Weekend De-leveraging Run): Systematic portfolio platforms accelerated broad-market liquidation scripts, flattening intermediate growth portfolios ahead of tomorrow’s producer price metrics.

NQ NASDAQ 100 E-Mini (NQM26)

  • (Tech Multiple Valuation Squeeze): The technology benchmark absorbed a brutal 563 point shellacking to close at 28554, completely reversing an early short-covering spike to 29250 as climbing forward rate expectations hammered high-multiple growth equities.
  • (Discount Rate Friction De-leveraging): Heavy programmatic sell-programs slammed mega-cap semiconductor and software clusters, driving the price action straight through intermediate support layers to search for a raw session floor at 28409.
  • (Programmatic Trailing Stop Cascades): Automated execution matrices programmatically elected layers of protective trailing stop-losses, accelerating the intraday slide with high mathematical velocity into the settlement close.

YM Dow Jones Futures Mini (YMM26)

  • (Blue-Chip Value Capitulation): Industrial blue-chips surrendered their recent value premium in spectacular fashion, plummeting 919 points to smash straight through the critical 50,000 psychological baseline and settle at 49990.
  • (Systemic Refinancing Stress Realized): Heavy institutional size exited legacy cyclical counters from a morning peak of 50906 down to a raw session low of 49873, pricing a restrictive forward cost of capital across corporate balance sheets.
  • (Block Order Balance Clearing): High cash-session floor volume cleared back-office ledgers with heavy downward momentum, neutralizing outside technical stabilization attempts.

QR Russell 2000 E-Mini (QRM26)

  • (Small-Cap Credit Tightening Squeeze): Highly debt-sensitive small-cap risk benchmarks gave up 29.50 points to settle lower at 2838.80, as the 4.2 percent headline CPI print completely locked in higher-for-longer commercial lending rates.
  • (Refinancing Cost Stress Realized): Lower-tier domestic business units faced intense selling pressure from an intraday high of 2926.60 down to a raw floor of 2793.70, as forward capital costs remained highly restrictive.
  • (Algorithmic Blanket Hedging): Programmatic trading systems accelerated standard short-hedging overlays, breaking through recent support baselines without finding any regular-session buy cushions.

FX Euro Stoxx 50 (FXM26)

  • (Transatlantic Rate Shock Contagion): European blue-chips dropped 72 points to settle at 5985, tracking the sharp liquidation wave that swept through international financial centers following the US inflation data shock.
  • (Defensive Capital Flight): Global multi-asset portfolio managers paused long allocations in Eurozone matrices, rotating liquid funds toward defensive, short-duration dollar-denominated reserves.
  • (Technical Base Verification): High-velocity automated execution models breached short-term moving average parameters, forcing the index to verify deeper underlying technical support floors.

SZ Swiss Index Market Matrix (SZM26)

  • (Defensive Wealth Allocation Hold): Switzerland’s premium matrix gave up a 45 point premium to close at 13371, tracing a slow-velocity technical rebalancing as global asset allocators squared multi-asset weights.
  • (Cross-Rate Franc Optimization): Stable domestic spot currency translations insulated large-cap export corporate portfolios, filtering out broader international equity volatility.
  • (Orderly Institutional Settlements): Day-end institutional spot-clearing blocks matched baseline wealth manager mandates, ensuring zero directional chart breakdowns.

MX CAC 40 (MXM26)

  • (Luxury Export Margin Re-pricing): The French benchmark shed 79 points to settle lower at 8128, as export-heavy luxury and industrial counters absorbed the global currency realignment.
  • (Speculative Position Unwinding): Speculative trading desks aggressively re-established near-term short overlays, matching the broad multi-asset distribution hitting equity spaces.
  • (Channel Defense Continuation): Automated execution corridors focused entirely on defending primary channel support tiers, stabilizing the session inside yesterday’s parameters.

AE AEX Index (AEN26)

  • (Amsterdam Grid Stabilization): The Dutch benchmark notched a minor 0.87 point contraction to close at 1048.60, pausing its recent advance as mega-cap semiconductor components mirrored the broader international technology sector correction.
  • (Cross-Border Rate Re-pricing): Climbing short-term global funding parameters altered forward trade balance projections, slowing down recent institutional accumulation runs.
  • (Orderly Distribution Control): Programmatic systems managed clean daily sell layers, supporting a steady, non-directional sideways technical rebalancing into the close.

NY Nikkei 225

  • (Asian Currency Synchronization): The Tokyo grid stabilized overnight metrics, tracing broad cross-asset index rebalancing while global portfolio managers squared multi-asset weights into the regional cash close.
  • (Carry Trade Baseline Hold): Orderly institutional adjustments inside regional currency corridors kept core automotive and technology export listings completely insulated from forced liquidation.
  • (Sovereign Flow Anchoring): Systematic trading scripts successfully defended immediate moving average baselines, preserving long-term structural parameters.

HS Hang Seng Index

  • (Far East Maritime Inflows): Hong Kong listings weathered international sector shifts with total structural balance as maritime shipping and real estate components drew targeted regional fund injections.
  • (Emerging Capital Inflow Re-entry): Institutional investment pools ceased aggressive defensive hedging profiles, stabilizing liquid capital allocations across primary large-cap listings.
  • (Support Channel Defense): Automated price loops focused entirely on defending proven technical support boundaries, filtering out near-term algorithmic noise.

METALS

GC Gold 100 (GCQ26)

  • (Bullion Premium Capitulation): Gold futures suffered a historic, devastating 153.10 point waterfall crash to close at 4133.30, executing a massive 191-point intraday wipeout from a morning peak of 4281.10 down to a raw floor of 4090.10.
  • (Institutional Cash Squeeze): Paper long contracts completely capitulated as macro desks dumped liquid bullion holdings across the board to fund immediate margin calls inside crashing equity portfolios.
  • (Central Bank Floor Accumulation): Physical gold bullion maintained a firm underlying baseline near the daily lows as global central banks continued off-market accumulation to diversify out of paper Treasuries.

SI Silver 5000 (SIN26)

  • (White Metals Capital Capitulation): Silver futures surrendered a half-dollar to close the session at 64.74, tracking a jagged intraday trap up to 66.3550 before collapsing to a deep session floor of 63.8700.
  • (Industrial Component Bid Easing): Commercial processing houses deferred spot procurement schedules, pulling their buy limits lower as raw manufacturing input costs hardened globally.
  • (Programmatic Order Acceleration): Systematic trading models triggered massive sell-stops beneath multi-week consolidation baselines, forcing the metal into a deep technical correction.

HG Copper 25K (HGN26)

  • (Industrial Demand Disconnection): High-grade industrial copper contracts dropped 0.0550 to settle at 6.2670, largely isolating itself from the precious metals panic due to rigid global structural deficits.
  • (Grid Inflow Deflection): Long-term global grid infrastructure and commercial fabrication projects temporarily halted aggressive spot procurement chasing, allowing prices to verify lower support tiers.
  • (Input Cost Recalibration): Manufacturing desks sharply lowered their forward import valuation models, forcing commercial spot-clearing blocks to find a lower structural floor.

PL Platinum 50 (PLN26)

  • (Automotive Surcharge Premium Drop): Platinum futures shed 20.70 points to close at 1690.90, absorbing a minor sympathetic correction from a high of 1744.40 down to a low of 1667.90.
  • (Wholesale Spot Clearing Liquidations): Industrial commercial accounts deferred their nearby delivery matrices, forcing the prompt contract to re-anchor smoothly to standard seasonal processing volumes.
  • (White Metals Churn Sympathy): Speculative fund managers directed cash flows out of the sector with high velocity, tracking silver’s broader premium collapse to prune overextended positions.

ENERGY

CL Crude Oil (CLN26)

  • (Prompt Feedstock Accumulation): Front-month WTI crude oil bucked the broad risk asset distribution, expanding by 1.83 points to close higher at 90.03 as refining networks absorbed immediate spot contract volume from a low of 87.39 up to a high of 91.87.
  • (Paper Long Liquidation Rush): Speculative hedge funds aggressively unwound overextended long exposure, allowing prompt contract pricing to drop back into a highly predictable structural box.
  • (Refinery Margin Recalibration): Commercial procurement models rejected intraday recovery attempts, realigning forward product delivery templates to match cooling consumer demand metrics into the close.

NG Natural Gas (NGN26)

  • (Storage Buffer Normalization): Natural gas futures experienced a minor 0.0450 advance to settle at 3.1850, staying flat as regional utility operators confirmed comfortable aggregate supply injections.
  • (Weather Map Equilibrium): Updated near-term domestic weather models indicated mild seasonal cooling demand, preventing speculative desks from staging aggressive upside collection runs.
  • (Commercial Distribution Bounds): Standard regional clearing and wholesale utility pipeline transfers kept the complete daily sequence confined inside a very narrow structural range.

RB Gasoline (RBN26)

  • (Refinery Yield Churn Consolidation): Downstream refined product futures collected a 0.0888 gain to close at 3.1099, turning in a very dull session as refiners comfortably balanced prompt feedstock costs against current retail inventory pools.
  • (Seasonal Transport Buffers): Wholesale blending pools verified adequate prompt warehouse buffers, preventing the explosive move in raw crude oil from triggering an immediate sympathetic retail squeeze.
  • (Commercial Volume Settlement): Algorithmic order pipelines matched standard industrial procurement schedules tick-for-trick, ensuring an orderly, non-directional settlement close.

HO Heating Oil (HON26)

  • (Distillate Complex Distribution): Prompt distillate matrices advanced 0.0708 points, tracking the broader accumulation sweeping through global petroleum networks following the easing of maritime shipping risk premiums.
  • (Commercial Hedge Unwinding): Industrial commercial accounts aggressively unwound long heating hedges, realigning physical order blocks with updated cash tape metrics.
  • (Ledger Volume Equilibrium): Option-hedged macro desks finished shedding generic energy inflation exposure, restoring baseline structural continuity to prompt delivery markets.

CURRENCIES

A6 AUD (A6M26)

  • (Commodity Squeeze Distribution): The aussie dollar absorbed a sharp 0.0023 drop to close lower at 0.7009, dragged down by the parallel collapse across underlying precious metal benchmarks.
  • (Global Carry Cash Realignment): High-beta commodity currencies saw capital inflows evaporate as global asset managers discarded defensive holdings to seek out standard safe-haven dollar cash reserves.
  • (Trend Support Breach Cascade): Systematic momentum engines checked long trends, pulling the currency back to verify key moving average support baselines.

D6 CAD (D6M26)

  • (Petroleum Floor Cushion Erosion): The loonie currency managed a minor 0.0008 advance to close at 0.7177, undergoing minor distribution as cross-border portfolio desks rebalanced manufacturing files.
  • (Cross-Border Equity Rebalancing): Mild profit-taking across major U.S. stock indices balanced out energy sector gains, keeping the currency inside yesterday’s parameters.
  • (Commercial Order Balancing): Commercial trade flows balanced out nicely, preventing any forced liquidation or dramatic directional chart deviations.

S6 CHF (S6M26)

  • (Safe-Haven Capital Deflection): Continental safe-haven franc holdings plummeted 0.0025 to close at 1.2517, hit by a deep structural outflow as international asset managers rotated short-term liquidity into higher-yielding US sovereign cash spaces.
  • (Yield Curve Disruption Pressures): Intense curve alignments across central Europe kept capital levels moving in favor of dollar-denominated premium cash tiers.
  • (Order Flow Breakdown Prevention): Automated fx tracking models maintained clean price continuity, preventing any forced structural location breakdowns into the close.

E6 EUR (E6M26)

  • (Sovereign Spread Friction Liquidation): The euro compressed down a fractional 0.0002 to close at 1.1551, stuck inside a highly restricted sideways range ahead of upcoming multi-tier European manufacturing releases.
  • (Trade Balance Normalization): Eurozone trade balance expectations remained structurally supported as the lower cost of raw petroleum imports expanded manufacturing profit templates.
  • (Orderly Corridor Settlement): Large-scale institutional clearing blocks completed their day-end swap adjustments with high balance, keeping the euro locked inside a narrow daily channel.

B6 GBP (B6M26)

  • (Sterling Premium Compression): The pound shed a minor 0.0008 to settle at 1.3379, tracking a quiet sideways corridor as currency desks rebalanced portfolios against post-CPI short-term interest rate profiles.
  • (Dollar-Funding Dominance Surge): Global dollar-funding dominance re-asserted itself aggressively, checking capital extensions across primary international currency trade corridors.
  • (Technical Floor Verification): Automated tracking models checked near-term buy orders, allowing the sterling contract to verify its recent technical breakout floor.

J6 JPY (J6M26)

  • (Carry Trade Re-engagement Floor): The yen finished completely flat at 0.0062, completely anchored by the massive interest rate carry differentials dictating the Asian currency corridor.
  • (Sovereign Yield 固定): Stabilizing international yield carry differentials protected the index from forced liquidity liquidations, keeping core parameters intact.
  • (Operational Settlement Balance): Day-end institutional flows settled with total mathematical balance, avoiding any localized liquidity squeezes.

DX USD (DXM26)

  • (The Ultimate Macro Risk Haven): The dollar cash ledger captured a 0.0450 gain to finish at 99.9340, drawing a steady accumulation bid as global macro desks hoarded liquid greenback shields before late-week volatility.
  • (Treasury Curve Inversion Support): Short-duration interest rate differentials widened sharply in favor of the dollar, as the front-end CME rate strip priced out near-term interest rate cuts following the hot labor data.
  • (Cross-Current Capital Anchoring): Strong capital cross-currents between falling metals and expanding raw materials anchored the cash index securely above long-term weekly support bands.

CRYPTO

0.10 Bitcoin (BTM26)

  • (Continuous Risk Exposure Decline): Bitcoin futures managing an overnight flat baseline adjustment to print at 61870, while micro contracts shed 365 points to settle lower at 61665 as automated desks drained high-beta risk liquidity before CPI.
  • (Liquidity Corridor Compression): Capital allocation programs forced leverage metrics downward, pulling the contract through intermediate support floors to test structural macro baseline support.
  • (Growth Equity Sympathy): Digital asset complexes suffered aggressive distribution into the afternoon, moving in tight sympathy with profit-taking patterns inside global technology benchmarks.

TAM 0.10 Ether (TAK26)

  • (Smart-Contract Leverage Churn): Micro ether futures shed an additional 9.50 points to settle at 1622.50, tracking the alternative ledger’s downward trajectory with total mathematical symmetry.
  • (Network Capital Preservation): Speculative multi-asset allocators paused liquid cash block deployments into primary tier-one decentralized ledgers, shifting capital into short-duration cash positions.
  • (Institutional Stop Election): Automated liquidation engines executed a wave of automated sell commands as the contract cracked through its intermediate floors.

INTEREST RATES

SQ 3-Month (SQZ26)

  • (SOFR Curve Pricing Realities): Front-end SOFR futures dropped 0.0050 to settle at 96.0600, as the forward CME short-term interest rate strip priced a restrictive upward trajectory following the 4.2 percent inflation print.
  • (Funding Path Calibration): Institutional lending models calibrated risk parameters downward, matching the universal casing of sovereign debt yield caps.
  • (Liquidity Pool Re-anchoring): Large institutional money pools re-anchored expectations around clear, highly predictable short-term commercial paper baselines.

ZT 2-Year Note (ZTU26)

  • (Short-End Yield Hardening Squeeze): Short-duration notes logged a minor 0.0039 contraction to settle down at 103.0508, keeping short-end borrowing rates locked firmly near multi-week highs.
  • (Macro Rate Recalibration): Fixed-income models recalibrated near-term central bank paths, factoring in a significantly hotter terminal service inflation profile.
  • (Short-End Liquidity Injection): Heavy institutional size cleared out short-duration hedges, parking massive cash blocks into stable short-end government notes.

ZF 5-Year Note (ZFU26)

  • (Belly Curve Rate Compaction): Five-year notes logged a 0.0313 contraction to settle lower at 106.7031, reflecting steady selling pressure as commercial portfolio managers balanced inflation data against deficit issuance.
  • (Yield Curve Normalization): Short-to-intermediate pricing structures re-anchored rapidly as energy-related supply-chain fears abruptly evaporated.
  • (Systemic Risk Abatement): Algorithmic execution systems aggressively shorted the five-year layer as systemic liquidity returned to traditional debt baselines.

ZN 10-Year Note (ZNU26)

  • (Washington Fiscal Premium Pricing): Benchmark ten-year notes notched an 0.0781 drop to settle lower at 109.1406, keeping long-term yields elevated as private institutional capital premium-prices the risk of ongoing budget deficits.
  • (Foreign Treasury Dumping Baseline): Floor desks seamlessly ingested structural secondary-market volume after official TIC files verified foreign central banks aggressively flushed a record $138.4 billion in Treasuries.
  • (Pre-Payrolls Ledger Balancing): High-volume institutional execution desks balanced corporate hedging swap profiles, reinforcing strong structural intermediate rate ceilings before Friday’s labor releases.

ZB 30-Year (ZBU26)

  • (Long-End Duration Flight Liquidation): Long-end duration bonds logged an 0.2188 drop to settle lower at 111.5625, tracking intermediate debt models as commercial accounts hedge cost-push asset curves.
  • (Tehran Relief Premium): Fixed-income desks aggressively shorted bonds, capitalizing on the diplomatic breakthroughs that significantly cooled forward commodity price trajectories.
  • (Institutional Duration Hunt): Global sovereign wealth funds and institutional managers executed heavy duration subtractions, building a rock-solid price ceiling for yields.

AGRICULTURAL & SOFT COMMODITIES

ZC Corn (ZCN26)

  • (Midwest Planting Acceleration Drag): Corn futures managed a fractional 0.5000 contraction to close at 419, as the official Crop Progress report verified that domestic planting has accelerated past historical averages across the Midwest belt.
  • (Elevator Warehouse Buffers): Commercial processing houses adjusted forward spot tracking lower, comfortably matching robust terminal elevator physical inventories against static downstream spot demand.
  • (Fund Length Liquidations): Long-term systematic grain funds trimmed seasonal limits, driving nearby contracts downward to retest primary macro support corridors.

ZW Wheat (ZWN26)

  • (Milling Procurement Squeeze Rebound): Wheat contracts recaptured 2.25 points to settle at 587.50, drawing short-term spot support from commercial milling accumulation blocks.
  • (Milling Procurement Deferral): Commercial milling desks completely halted aggressive spot procurement size, deferring routine inventory accumulation to cheaper forward delivery cycles.
  • (Algorithmic Cascade Orders): Trend-following agricultural algorithms triggered automated sell commands as the prompt contract broke through multi-week chart floors.

ZS Soybeans (ZSN26)

  • (Oilseed Crushing Stability Distribution): Soybean contracts gained 9.25 points to close at 1123, drawing localized short-covering support as commercial crush margins stabilized.
  • (Weather Premium Stability): Balanced regional weather maps and stable domestic planting progress prevented any significant technical chart extensions or volatility breakouts.
  • (Range-Bound Commercial Clearing): Regular commercial crush margins and routine spot export requirements held pricing trends locked inside an orderly sideways box.

CT Cotton (CTZ26)

  • (Textile Demand Adjustments): Consumer fiber lines finished completely flat at 75.30, holding within an orderly sideways box completely insulated from the broad financial rotations.
  • (Spot Market Volume Balancing): Light regular-session trade volume left contract pricing drifting safely within established regional processing bands into the weekly settlement.
  • (Logistical Balance Hold): Routine warehousing adjustments and balanced delivery contracts kept chart positions safe from intense directional sweeps.

KC Coffee (KCN26)

  • (Supply Chain Logistics Relief): High-premium soft parameters experienced a minor 0.60 point drop to settle at 245.90, drifting gently away from recent multi-week highs as global harbor congestion showed steady improvement.
  • (Commercial Warehouse Squeeze Pause): Commercial roasting desks normalized their spot procurement pace, checking the rapid multi-day momentum chase to let prices settle into a quiet consolidation zone.
  • (Orderly Book Pruning): Algorithmic fund desks pruned minor overextended length, stabilizing price action inside comfortable consolidation zones.

CC Cocoa (CCN26)

  • (West African Harvest Deficit Consolidation): Cocoa contracts surrendered 68 points to close lower at 3842, pulling back slightly after recent high-velocity structural supply adjustments.
  • (Wholesale Spot Buying Panic Abatement): Nearby delivery pressures relaxed, allowing global chocolate manufacturing houses to step away from aggressive spot-market chasing and smooth out recent erratic pricing spikes.
  • (Logistical Parity Hold): Clean wholesale commercial exchange settlements kept forward contract matrices beautifully balanced.

Orange Juice (OJN26)

  • (Crop Estimate Insulation): Specialized agricultural parameters dropped 3.55 points to close at 166.80, completing tight, independent consolidation loops completely insulated from broad financial rotations.
  • (Weather Parameter Adjustments): Intraday pricing changes focused entirely on regional growing conditions and updated processing yield estimates.
  • (Thin Liquidity Continuity): Orderly commercial ledger clearing maintained clean historical pricing boundaries without triggering momentum chasing systems.
  • (Operational Settlement Balance): Day-end institutional flows settled with total mathematical balance, avoiding any localized liquidity squeezes.

LB Lumber (LBN26)

  • (Housing Framework Advance): Lumber futures notched a steady 2 point advance to settle at 620, as macro accounts balanced structural home-building permits against stable domestic processing outlays.
  • (Yield Curve Relief Bid): Easing intermediate sovereign yields provided long-term optimism for home-building financing matrices, supporting spot cash values.
  • (Sideways Volume Drift): Routine warehouse clearing and balanced regional order flow left contract positions tracing a relaxed sideways path.

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