Menu Close

Market Off to a Wild and Crazy Start 4/1/21

April Fool.

That would be me.

Here’s the chart of the overnight and pre market S&P futures, 5 minute bars.

tvc_80d738533273ebf1908d6a6216fbc56a.png

And here we have our usual look at the one hour bars. Talk about riding a trendline! What happens next, I haven’t a clue.

tvc_258cda1ff91ae4b0a6b8226082460be7.png

But I am paid to guess, so my guess is…

up.

Unless they break down.

Then down.

But they could go sideways.

Hurry.

Send money.

I just spent the morning walking around Cannes.

Need more money.

Meanwhile, here’s the 10 year yield popping after the pullback of the past week. We had a big settlement yesterday, and today’s jobs report helping to turn it back up.

tvc_bb775df1b46e15e7216889a43d146f91.png

And the big picture.

If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.

Discover more from The Wall Street Examiner

Subscribe now to keep reading and get access to the full archive.

Continue reading