There’s just too much overhead. The indicators don’t set up well for a breakout here, but the tale will be told when New York opens. The key level looks like 4568-74. If they don’t clear that, bears have the ball.
If they clear it, bulls maintain…
As of Friday, the average gain of open picks and those closed last week was +8.1% with an average holding period of 18 days. This was a strong performance compared to recent weeks, especially so given the rotten market action. The list was on the right side of that.
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
The withholding data is the real deal. It continues to show the US economy growing rapidly. Inflation will continue to run very hot, and the Fed will remain under pressure to reduce QE. That showed up this week in Powell’s statement that the Fed will stop saying the bad word, “transitory” because people misunderstand what the Fed means by it. We know otherwise.
Well, it was down 20% at one point today (Saturday). CNBC says that a 20% decline is a bear market. All the other outlets have…
By Jimbo at Capitalstool The fewer shorts the better. What shorts don’t realise is that they themselves are a contrary indicator. To make money as…
In short, lower highs and lower lows, with multiple attacks and failures at sport lines. Aka “support” for the uninitiated and uninoculated. If this was a daily chart, it would be a bear market. No doubt that’s coming. This is what the stock proctolog…
I am in Szczecin. The ES S&P fugutures are in Never Never Land, on the way to Dante’s Inferno. Where we were earlier, in the pre market was up. Where we are at the open is about even.
Where we are going according to the 5 day cycle projection…
The ES S&P 500 fugutures made a new low yesterday, but it was not confirmed by lower lows in hourly oscillators. Now, here we are, off to the races again, overnight and in the pre market his morning. The 5 day cycle projection is 4675-80.
At t…
Subscribers, click here to download the report. Last week was bad, no doubt about it. But it wasn’t a catastrophe yet. This report tells you…
