The rest of the part of the $33 billion paydown of T-bills that settled Thursday afternoon (see Treasury and Federal Revenues reports), which was available for fun and games, was committed early in the day. It reminded me of the Charge of The Light Brigade. Into the Valley of Death rode the $33 billion. A…
Cycle screening measures were weaker Friday. The aggregate measure plunged back below the string of minor highs that it had just cleared. The weak recovery in these numbers suggests a downgraded outlook.
The market fell back within the intermediate downtrend channel. About $10 billion in cash is coming from the Fed on Monday for the last MBS settlements this month so I am looking for a holding action to develop around support lines indicated at 1950, or if not there, then 1935 or so, but look out…
Cycle screening measures were slightly weaker on Friday, failing to confirm the market rally for a second straight day. Here’s what that means.
The market trundled upward from short term trend support, seemingly taking aim at the top of the triangle pattern that formed off the August 24 low. It could get there and more if it surpasses a minor stumbling block.
The market is changing direction so quickly and in such big chunks that cycle screening data can’t keep pace. So we must stay focused on the big picture. Here’s what it is telling us.
Time analysis suggests lows on short term cycles are due within a week or less, but the 13 week cycle low isn’t due for 3-7 weeks. That’s time for unprecedented damage relative to modern markets. Here’s what we’re looking at for guideposts.
The market obliterated expected support levels in providing more evidence that a bear market is under way. Prices are racing ahead of most cycle projections but one projection has given us a target. Here’s what to look for.
Cycle screening measures strengthened slightly on Friday as they continue a pattern of flip flopping in a tight range.Here’s what to look for.
When the market is set up so that anything can happen, you can be sure that it will. The question is, “What,” and on top of that, what to do. We’ve come to the fork in the road, and we know we must take it. Here’s a guide that suggests how to know whether to…