The expectation of one last high before summer has been pre-empted. Longer term indicators look hurt too. Subscribers, click here to download the report. Non-subscribers,…
I am behind the 8 ball this morning, as I took it easy and did a little grocery shopping on this beautiful sunny Cote d’Azur day. I’m enjoying my last two days in beautiful Cannes, as I prepare to move to my permanent home which I’ve purchased in …
WOW! Ya think?
Needless to say, now that a bastion of mainstream media financial “journalism” has made that brilliant deduction, no doubt the bond market is poised for a rally. Yes, the 10 year will hit 3%, but first they’ll take a pound of flesh…
No surprise, last week’s daily screens tilted to the sell side. The final score for the week was 148 Buys to 187 Sells. That’s still…
The market did an abrupt about-face after breaking out of a crash channel to begin the week. That about-face put the market right back in…
The Treasury Borrowing Advisory Committee (TBAC) told us in early February that it estimated that the US Treasury would pay down $358 billion in T-bills…
OK, so fade me.
Yep, while yesterday’s turnabout was dramatic, and for me, surprising, it is not without information.
And since we are living beings, we both create, absorb, process, and transmit information. It’s but a fleeting moment, but…
$74 billion in T-bill paydowns so far in April have been enough to cover net new Treasury coupon issuance with $40 billion left over for other games. It hasn’t helped the bond market. Treasuries continue to be liquidated, and short term T-bill rates co…
I don’t want to scare my fellow bears, but this the pattern on the ES S&P 24 hour futures chart is still bullish… Potentially. That is, unless and until it posts an hourly close below 4434. Until then, for day traders and other short term orient…
A 3 day cycle up phase has now been flat on the ES S&P 24 hour futures hourly chart for more than a day. Flat up phases imply sharp down phases. Of course, they don’t always work out that way. Sometimes the subsequent down phase just continues side…