U.S. Equity Markets rose yesterday after CPI showed inflation eased in February as prices rose 6.0% from a year earlier – increasing the likelihood that the Federal Reserve could end rate hikes soon, while the NFIB Small Business Index showed marginal improvement in February. It remained below the long-term average for the 14th straight month as business owners continued to experience hiring difficulties. Florida Governor and potential 2024 U.S. presidential candidate Ron DeSantis said that further funding and support for Ukraine is not in the nation’s vital interests. This is a sign that a DeSantis administration would possibly cut government spending abroad. The NASDAQ 100 led Tuesday’s gains closing higher by 2.32%. Within the S&P 500 Index, all 11 sectors finished higher. European Markets closed higher. U.K. Unemployment for January remained stable at 3.7%, but wages continued to fall when taking inflation into account. This could mean further policy action from the Bank of England. ECB policymaker Yannis Stournaras said that he does not see any impact from the collapse of Silicon Valley Bank on Euro-Zone banks. This could potentially signal that the central bank’s monetary policy plan remains unchanged following turmoil in the U.S. banking sector. In his budget plan, Britain’s Finance Minister Jeremy Hunt is set to approve an almost $5 billion expansion to free childcare for one- and two-year-olds in England on Wednesday according to the Guardian newspaper. In Asia, Australian Business Confidence for February retreated. It fell month over month as interest rate worries increase. However, overall activity remained strong from healthy sales and employment figures. Minutes from the Bank of Korea’s latest policy meeting showed that a majority of board members voted to hold interest rates steady, but that it was premature to officially end its current tightening policy. Elsewhere, Oil fell 4.34% while Gold closed 0.44% lower.

To mark my 2750th issue of TraderNoble Daily Commentary I am offering a special 2-Year Rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day to demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 622 points yesterday and is now ahead by 3066 points for March after finishing February with a gain of 3164 points, after closing January with a gain of 4687 points, while finishing December with a gain of 2054 points. November ended with a gain of 4789 points, while finishing October with a record gain of 9619 points, making 6660 points in September, after closing August with a gain of 2228 points, having made 2660 points in July, following a gain of 3371 points in June. The Service made 3651 points in May, after making 762 points in April, following a gain of 5883 points in March. The Platinum Service made an impressive 5324 points in February, after ending January with a gain of 3878 points, more than making up for December’s 932 points loss. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points. I have a YouTube Channel which contains recent interviews I have given This can be viewed by clicking HERE Please subscribe to this for new interview notification 


The S&P 500 closed 1.68% higher at a price of 3920

The Dow Jones Industrial Average closed 336 points higher for a 1.06% gain at a price of 32,155.

The NASDAQ 100 closed 2.32% higher at a price of 12,199.

The Stoxx Europe 600 Index closed 1.45% higher.

Yesterday, the MSCI Asia Pacific fell 0.72%.

Yesterday, the Nikkei closed 2.19% lower at a price of 27,222.


The Bloomberg Dollar Spot Index closed 0.1% lower.

The Euro closed 0.1% higher at $1.0736.

The British Pound closed 0.2% lower at 1.2153.

The Japanese Yen fell 0.8% closing at $134.38.


Germany’s 10-year yield closed 17 basis points higher at 2.41%.

Britain’s 10-year yield closed 10 basis points higher at 3.47%.

U.S.10 Year Treasury closed 10 basis points higher at 3.64%.


West Texas Intermediate crude closed 4.34% lower at $71.55 a barrel.

Gold closed 0.44% lower at $1902.10 an ounce.

This morning on the Economic Front we have German Wholesale Prices at 7.00 am, followed by Euro-Zone Industrial Production at 10.00 am. Next, we have U.S. MBA Mortgage Applications at 11.00 am. At 12.30 pm we have PPI, Retail Sales and the New York Empire State Manufacturing Index. Finally, we have NAHB Housing Market Index at 2.00 pm.

Cash S&P 500

I just cannot see the Fed raising Interest Rates in the middle of a banking crisis with Bond Yields crashing and bank stocks crashing left right and centre. Regional Banks have been absolutely creamed over the past week. Looking at a chart of Charles Schwab ($SCHW) who is a major broker and asset manager with a $100Bn Market Cap fall through its weekly Bollinger band like never before highlights visually what extreme just happened out of the blue with the SLB bust last Thursday. I know Bond Yields rose yesterday but the move over the previous few days was last seen in the 1987 crash. This shows how historic this move has been. After the S&P hit an afternoon high at 3937 the market fell over 50 Handles on news that a Russian Jet collided with a U.S. drone. However, the selling quickly ended as the S&P found support before ripping higher into the close. The -334 McClellan Oscillator print on Monday was a hint for yesterday’s rally as the S&P rose to my 3910 T/P level on my 3865 average long position and I am still flat. I did not do another S&P trade as I wanted to hang onto these nice gains made over the past few sessions. With the Bank Index and $NYMO still severely oversold I will continue to look to buy dips. The S&P has strong resistance at yesterday’s highs which is the 200-Day Moving Average. We have short-term support from 3870/3890 where I will be a strong buyer with a 3849 wider ”Closing Stop”.


The Euro just missed my 1.0660 buy level with a low of 1.0678 before moving higher, sitting at 1.0740 as I go to press. As I believe the Fed are at or near an end to rate hikes, the Euro should rally back to 1.10 over the coming weeks. I will now raise my buy level to 1.0640/1.0700 with a higher 1.0585 ‘’Closing Stop’’.

June Dollar Index

The Dollar traded in a narrow range yesterday and I am still flat. Ahead off PPI this afternoon, I am reluctant to chase the market lower, leaving my 103.80/104.60 sell range unchanged with the same 105.15 ‘’Closing Stop’’.

Cash DAX

The DAX reversed some of Monday’s aggressive move lower and I am still flat. With Bund yields rising ahead of an ECB rate hike tomorrow I am reluctant to chase the DAX higher. The DAX did not fall 400 points on Monday for no reason even though a fair portion of this loss was recovered during yesterday’s session. The DAX has support from 14750/14850 where I will continue to be a strong buyer with a higher 14675 ‘’Closing Stop’’. Despite Monday’s aggressive move lower I still do not want to be short the market at this time.


The FTSE had a nice rally off its early morning low at 7500. As I wanted to reduce risk I emailed my Platinum Members to exit any long position at 7642 and I am now flat. The FTSE has support from 7490/7560 where I will be a strong buyer with a 7435 ‘’Closing Stop’’. Just like the DAX above I still do not want to be short the FTSE at this time.

Dow Rolling Contract

I am still flat the Dow as the market fell shy of yesterday’s buy range despite having a violent trading range. The Dow continues to trade below its 200 Day Moving Average (32391) and it need to break and close over this range for a more stable outlook. Bank stocks only rallying 2% yesterday shows how nervous traders are. The only saying there is never one cockroach comes to mind. Even though the McClellan Oscillator improved to close at -209 last night I will only raise my Dow buy level to 31650/31900 with a higher 31495 ‘’Closing Stop’’. Given how oversold the technicals are I still do not want to be short the market at this time.

Cash NASDAQ 100

I am impressed with the Price Action in the NDX over the past two weeks. Even though it has had every excuse to make new lows it has not as the 50 Day Moving Average, 150 and 200 MAs are saved. Tech is till up over 10% for the year. Price is holding above a well defined wedge which is surprising given the VIX hitting 30 on Monday. With Bond Yields getting slammed it has to be bullish for the NASDAQ. After the NDX hit my 12090 T/P level we rallied above 12200 before selling off and then rallying into the close. The NDX has support from 11980/12130 where I will be an aggressive buyer with a 11895 ‘’Closing Stop’’.

 June BUND

Wow!! The Bund hit a high above 137 yesterday morning before falling over 200 points. My Bund plan worked well as the initial move higher saw my 136.90 sell level triggered before selling off to my 136.10 T/P level and I am now flat. Today, I will again be a seller from 135.50/136.30 with a 137.25 wider ‘’Closing Stop’’. Ahead of the ECB tomorrow I do not want to be long the Bund at this time.

Gold Rolling Contract

I am still flat as Gold consolidated its aggressive move higher since last week. I will again raise my buy level to 1865/1880 with a higher 1853 ‘’Closing Stop’’.

Silver Rolling Contract

No Change. Silver traded in a narrow range since I posted 24-hours ago. Silver is trading at 21.90 as I go to press. The ferocity of the move off last week’s 18.80 low print would suggest that the low for Silver is now in the market. I am glad that I was an aggressive buyer for my Pension Fund last week. I will leave my stop unchanged on this position to 20.45 while I will continue to have no T/P level. If this view changes I will be back with a new update for my Platinum Members.