Withholding tax revenues rose sharply again in May (chart in subscriber version). Non withheld taxes also rose sharply. The economy is growing faster than the…
Liquidity Trader
Technical Trader
Technical Trader
The Old Line Trading Firm of Dewey Cheatham Burnham and Howe
by Lee Adler • • 0 Comments
Cycles are still bullish, with the 6 month and 10-12 month cycles ideally due to top out concurrently in xxxx (subscriber version). The 6 month…
Gold Mining Stocks Trader
Gold and Mining Stocks Trader
Gold On Your Mark
by Lee Adler • • 0 Comments
But not set, go, yet. Here’s what to look for, and look out for. Plus a mining pick I like. Subscribers, click here to download…
Lee's Free Thinking
Lee's Free Thinking
Today’s Stock Market Chart Setup Screams, “It’s a Setup!” 6/11/21
by Lee Adler • • 0 Comments
I just can’t.
OK, let’s zoom into the 30 minute bars and see if it makes any more sense.
Well, no. But the 2-3 day and 5 day cycle projections are now both around 4260.
Lee's Free Thinking
Bears Score A Win In the Swing Trade Screen Game 6/10/21
by Lee Adler • • 0 Comments
Bears won the swing trade screen game yesterday, with 31 sell signals vs. 17 buy signals. 5 of the buys were fixed income ETFs. 2 of the sells were fixed income inverse ETFs. My head hurts.
Let me say just say this about that. People buy fixed income today have big asspain in the Fall.
Lee's Free Thinking
Here’s Where Crypto Is Headed Today 6/10/21
by Lee Adler • • 0 Comments
Yesterday I wrote that BTC had the makings of a pretty good intermediate swing bottom. All in all, this has the makings of a classic bottom. And there’s nothing more bullish than a head and shoulders top breakdown that doesn’t follow through. So there’s a chance that a really big rally could come from this setup. From yesterday’s overnight low…
Lee's Free Thinking
Hark! It Canst Downtrendeth! 6/10/21
by Lee Adler • • 0 Comments
Well, if you can call 16 points a downtrend. And a 5 day cycle projection of 4215 was already hit overnight.
In the 5-6AM hour in NY is trend sport. 4222 is trend resistance. I’m not hopeful for a big move if either is broken. There …
Lee's Free Thinking
Good Looks on Both Sides of Swing Trade Screens 6/9/21
by Lee Adler • • 0 Comments
Originally posted at Capitalstool. The swing trade screen game ended in a tie yesterday, with 20 buys and 20 sells. That compares with a 19-10 bear win yesterday. Back on May 14 we had a surge of 153 buy signals to 6 sells. That showed thrust. It suggested a new bull swing phase. It never fully materialized but we still need to see substantially more sell…
News and Opinion
NY Fed Operations
US: $1.401B CouponPurchase 2021-06-11 NYFed treasury securities operations
by NY Fed | Treasury Securities Operations • • 0 Comments
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Must Read
Treasury announces 4-Year 10-Month TIPS
by Treasury Offering Announcements • • 0 Comments
CUSIP: 91282CCA7Term and Type: 4-Year 10-Month TIPSReopening: YesOffering Amount: 16 BillionAnnouncement Date: 06/10/2021Auction Date: 06/17/2021Issue Date: 06/30/2021Maturity Date: 04/15/2026PDF | XML
NY Fed Operations
US: $6.001B CouponPurchase 2021-06-10 NYFed treasury securities operations
by NY Fed | Treasury Securities Operations • • 0 Comments
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Must Read
Taste It
by Tim Knight • • 0 Comments
The market has gone catatonic. Volume is anemic. The put/call ratio is the lowest it has been in twenty years. Daily ranges are as big as Hervé Villechaize.
Must Read
The Better Part of Valor
by Tim Knight • • 0 Comments
Tim suggests that the ETF for Consumer Discretionary goods is an appealing short-sale (or long puts) position.
