3:48 PM ET Yestiddy.
HowmIdoin?
Well, let’s start with a look at the 2 hour bars on the ES, S&P 500 24 hour futures. Is this rally normal for the bear market, or Abby Normal?
This one actually doesn’t look any better than the l…
We track Treasury supply because Fed policy comprises only one side of the supply/demand equation. Treasury supply makes up the bulk of the other side.…
Federal withholding tax collections declined in September for the third straight month. Predicting the BLS jobs data is always a crapshoot, but after 3 months…
Or not. Bears have the ball early in the pre market, but they need to do certain things on this drive to keep it.
The 5 day cycle has topped out. The megaphone pattern at the low is complete. The breakout is failing, and the price target implicat…
That’s right. Apologies for repeating, but when liquidity is tight, these price spikes merely rob demand from the future. And that is true whether this is the commitment of “cash on the sidelines” (rarely) or short covering (usually).
Now yesterd…
This downswing is aging. Is it old enough?
Each day that the decline persists, the odds of another short covering spike go up. But is today the day?
As of 7 AM in New Yak City, the ES, 24 hour S&P futures need to crack through 3605 on t…
For the week ended September 30, there were 19 charts with second or third buy signals on Thursday and Friday, and 35 with second or…
For example, it could be a stake in the heart depending on whether xxxx holds or breaks. Technical Trader subscribers click here to download the…
Gold rebounded after hitting trend support. There’s regularly been an 8 week cycle pattern over the past year, and this fits that bill. The 13…
Honestly, I try not to think about the Fed’s motivations, or what they might do. Or why the Primary Dealers do what they do.
I think about what they do do. …
