As the NFL heads for the Super Bowl, this week the stock market will have a spectacle of its own. The FOMC Super Bowl Circus comes to town, with the question of whether or not this will be a bull market, the whole ball game.
I won’t answer that here, but I will look at today’s poor tents, and who is living in them.
The bears have played a helluva game overnight and in the pre birth. But we’ve seen this game before — the dealers shaking the trees because they want long inventory. Is that what this is again? The market has only pulled back to trend. A 3 day cycle low is due, and the 1 day cycle projection of 4022 has been all but hit. But the bears have a shot to break the trend. The 3 day cycle projection is 4012.
Of course, anything that happens before the Dr. Jaysus Dog and Pony show is meaningless. They will preposition to be at a perfect infartion point. We wait for that on Wednesday afternoon. Then we’ll see.
Stock Market Heads for the Super Bowl – Oddsmakers Pick the Bulls
For moron the markets, see:
- Swing Trade Screen Picks – Bulls Win This Week January 30, 2023
- Stock Market Heads for the Super Bowl – Oddsmakers Pick the Bulls January 30, 2023
- Gold Takes a Breather January 27, 2023
- Composite Liquidity Should Be Bearish, Here’s Why It’s Not Right Now January 26, 2023
- Swing Trade Screen Picks – Energetic Buys and ShortsJanuary 23, 2023
- Nothing is BrokenJanuary 23, 2023
- Gold Going Higher January 18, 2023
- Swing Trade Screen Picks – Whoa! Just Wait Till Next Week! January 17, 2023
- Long Live the Bear. The Bear is Dead January 17, 2023
- A Funny Thing Happened on the Way to the Debt Ceiling January 16, 2023
- Withholding Taxes Are Soaring January 6, 2023
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