Professional Edition

US Treasury Spent $114 Billion in the Last Two Weeks To Boost Stocks, But Watch Out Now!

The CBO (Congressional Budget Office) confirmed it in a report issued April 9. It projects massive and growing deficits for the next 8 years. That’s stimulative for the economy but bad news for the stock market, which  the Treasury just goosed to the  tune of $114 billion. Here’s the story, and why it’s ultimately bearish.

Here’s What To Look For As Market Tests Support

The market remains in a sharply descending short term channel.  We have gotten the expected bounce from the 2588 area, and it is being tested again here on Wednesday morning. Here’s what to expect. Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics…