The final list of double screened output for last week resulted in 13 charts with multiple buy signals, and 35 with more than one sell…
The cycle setup this week is a picture of juxtaposition, with the edge to the bulls. That’s because a hybrid of the two longer cycles…
The ES, S&P 500 24 hour continuous futures chart looks like the Nike logo this morning. The bulls are living up to their just close your eyes and fucking do it ethos. They’re buying with both fists as New York traders start rubbing their eyes and g…
The setup for both bond and stock market bulls will be as good as it gets for the next 3 weeks. So don’t be fooled.…
OK, we’re a day trading thread here, so let’s keep that headline in perspective. On the other hand, if this sticks for more than a few days, then we should keep in mind that this low was higher than the one in June. But we”d still need to clear 3919 o…
That’s right. In the pursuit of its inflation mandate, the Fed has been incompetent, delusional, disingenuous, and dangerous. And despite Wall Street’s and its captured…
That’s right. It’s the national holiday of France. Here they call it the Fourteenth of July. Pretty clever, huh? Reminds me of another country I know well. Know it better than this one even.
The French celebrate by eating cake, of course.
T…
The 6-7 week cycle low is overdue and the 4 week cycle low was due yesterday, but everything else says there’s more bad news ahead.…
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Meanwhile, stocks are set up in a maximum indecision pattern, smack in the middle of their range of the past 3 weeks. They’re waiting for the bad news on CPI, which everyone knows will be bad. So it should all be “priced in,” right?
We’ve been in a bad bear market in stocks for over 6 months. And a really bad bear market in bonds for almost two years.…