Whatever the Load said on Wednesday, the market changed its mind about it on Thursday.
But while it looked like a breakout, it really wasn’t. Yet.
As you can see on the ES 24 hour S&P futures, we have a megaphone pattern developing. Yes…
Whatever the Load said on Wednesday, the market changed its mind about it on Thursday.
But while it looked like a breakout, it really wasn’t. Yet.
As you can see on the ES 24 hour S&P futures, we have a megaphone pattern developing. Yes…
A possible 13-week cycle upturn here could finally get gold out of the doldrums but it would need to clear xxxx for the impetus to…
Yesterday, I guessed at a downtrend channel on the ES S&P 500 24 hour fuguetures chart, based on a double secret probation formula that I use from time to time, about which if I told you I would have to shoot you.
Anyway, it worked, and the m…
Today is the grand finale of the 2 day FOMC Dog and Pony show, climaxing with the regular appearance of Load Jaysus before the assembled masses at 2:30 PM ET, to explain the proclamation the high priests of monetary policy hand down at 2 PM.
The …
OK, not all but most. Two hit their stops over the past couple of days and 5 more will be closed out from the list…
A two day circus is in town. It’s the FOMCircus featuring ringmaster Lord Jaysus Powell, and his Clown Posse.
The stock market celebrated its arrival yesterday. Anything that happens in the market between now and tomorrow’s dog and pony show is j…
The rally lives on and cycle projections point higher still, but there are danger signs everywhere. Does that mean we should put on our crash…
Stocks are holding tightly to Friday’s range near the all time highs. At 6:20 AM in New York, the ES, 24 hour S&P futures were trading near the middle of the tiny trading range of the past 3 trading sessions.
The key levels to watch on the dow…
Despite the fact that the Fed is no longer the only driver of the markets in one direction, it still plays a role indirectly. So…
Short-term cycles are opposed. That normally leads to rangebound chop. The longer intermediate cycles also appear to be opposed. The result is a triangle pattern.…