The final list of double screened output for last week resulted in 54 charts with multiple buy signals, and 14 with more than one sell…
From the intraday trading perspective, that’s where we are. Firmly rangebound between 3935 and 4012. The ES 24 hour futures are trading midrange of that at 8 AM in New York.
3-5 day cycle indicators are neutral. They’re due for an upturn today, so…
Cycles- The bottoming process in the longer intermediate cycles xxxx xxxxxxx xxxxxxx as short term cycles got in gear to the upside last week. This…
Its record is 100%. The FxFox indicator is one of the best contrarian indicators on the planet.
Today, I’m not living and working in a construction site. Major renovations of the apartment that I closed on last week have begun. This morning a small crew came in, demolished two interior walls, removed upper kitchen cabinets, and did a few plumbing…
Real market short term interest rates are now up 92.5 bp since the Fed’s last rate setting circus in June. If the Fed only goes…
BTC has broken out, in a move that measures to at least 25,500 and as much as 28,000. There’s uptrend channel resistance at 24,400. If…
I don’t know.
The Fed is still tight. At all those other bottoms the Fed had turned to easing.
Rule Number One. Don’t fight the Fed.
Do I respect technical data? Yes. Is there a first time for everything. Uh… yeah.
Only hitting the low 90s here every day. But that’s 10 degrees F above normal.
As for the market it’s not too bad, and not too good either. Here’s the 2 hour bar perspective on the ES 24 hour S&P futures. Rangebound shit for the past two wee…
Gold’s short term cycles have entered up phases but they haven’t shown anything so far and aren’t likely to. The longer swing cycles have yet…