The Day Ahead: AM Edition 2022-01-31

The goal for equity markets is to not give up much of the morning gain

Bonds

ZB retraced a bit this morning early but is working to bounce up off of 155^03. Possible that support is retested, perhaps even lower to 154^22. Bias is to move up off this support and to put pressure on 156^13

Working on a small wave two?

Crude Oil

Little change in CL as it is trapped between 86.42 and 87.90. I’m not a fan of higher but bears don’t h…