A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
Read More »
The market update will be posted Friday morning at approximately 8:30 AM ET-US (New York time).
Read More »
Wednesday’s action was a mirror image of Tuesday, except that the underlying technical indicators were stronger than the market averages on both days. The market still has to clear resistance and generate 13 week cycle buy signals to confirm that it is out of danger on the downside.
Read More »
On Monday, support held and projections were pulled up to levels that were reached, all of which suggested that an intermediate low had been reached. Tuesday’s late fade raises questions, which this report attempts to answer.
Read More »
The market reached major support on Friday and rebounded strongly yesterday to form what could be an intermediate bottom. Cycle projections rose to levels already reached and the market had entered a bottoming window in terms of time. Some indicators have flashed buy signals. But is that enough to call a bottom?
Read More »
The market update will be posted on Tuesday morning at approximately 8:40 AM ET (US- New York).
Read More »
The Treasury had a light calendar last week. The market faced a big Treasury settlement on Tuesday but from then until the big end of month settlement of new paper, supply pressure wasn’t, and won’t be, a problem. With fear driving waves of capital into the Treasuries, a downside breakout in yields, and an...
Read More »
The market has fallen to a major support convergence at 1295 and is in a bottoming window time wise. That window stretches across the next two weeks. If the 1295 level breaks, ugly could get uglier. Here’s how much.
Read More »
This report is an excerpt from the permanent Employment Chart page. The edge that Federal Withholding Tax collections had held over last year continued to narrow last week, suggesting a weakening employment picture in May. The chart below compares current withholding tax collections with last year on the same date. This year collections have...
Read More »
Several technical indicators have reached levels consistent with intermediate lows, but key support levels have been broken, and despite some signs of being oversold, the market remains vulnerable to further declines, both over the short run and the longer term as well. The market averages have broken down from an important top, and some...
Read More »
The market update will be posted Thursday morning at approximately 8:45 AM. Meanwhile check out The Conomy Game- The Legend of Bennie The Beard, Henry the Hitman, and the Gangbankster Dealers. Thanks for your support! See you tomorrow!
Read More »
Drip, drip, drip goes the market. This can go on for a while, as few indicators have reached any kind of extreme. Cycle projections have been hit on the 13 week and 6 month cycles, but short term projections still point a little lower. This report presents the targets, carved in butter.
Read More »
The headline number for retail sales today was an increase of 0.1% month to month, seasonally adjusted, which exactly met the conomic consensual sextimate of 0.1%. Here’s how Bloomberg put it. U.S. Retail Sales Cool After Warm-Weather Spree: Economy Retail sales rose in April at the slowest pace of the year as Americans took...
Read More »
The market broke key support yesterday, but not by much. This morning it is attempting to regain that level. If successful, a 4 week cycle upturn could be under way, but the market would need to clear the 1355 area to have any room to run on the upside. If the market fails to...
Read More »
The composite liquidity indicator downticked last week on small declines in most of its components. We know that the downtick in the Fed’s pumping to Primary Dealers is temporary, but the weakening in other indicators may not be. Over the course of this latest surge, most of the cash has been targeted at the...
Read More »
The market update will be posted Tuesday morning at approximately 8:30 AM NY time.
Read More »
Equity Mutual Fund Flows The permanent page for these charts is Mutual Fund and Money Market Fund Flows Charts. The charts will be updated there regularly. April projected based on weekly figures. While not a primary liquidity driver, this chart is useful as a peripheral market indicator. It has begun to turn intermediate term bearish...
Read More »
By the time the market closed on Thursday, even before Jamie The Demon got on the phone, the charts were sending little signals that things were about to get worse. Cycle alignments had said that the period of greatest vulnerability would last through next Monday. Now, suddenly we have a black and blue swan...
Read More »
The market continues to test support. A close below 1345 would break several major support levels and trend channels. Some traders may be benchmarking the March low of 1340. If this test holds, the trading range would remain intact. This suggests what is likely to happen next if it does hold, and if it...
Read More »
The market is testing major support again this morning. A close below 1345 would break several major support levels and trend channels. This report examines the triggers and potential outcomes.
Read More »
Twitter links powered by Tweet This v1.8.3, a WordPress plugin for Twitter.
Recent Comments