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…
I don’t expect much upside in the near term but the outlook should brighten later this year. Subscribers, click here to download the report. Four…
Last week’s daily screens tilted to the buy side, going against weakness in the market averages. The final score for the week was 97 Buys…
I’ve been featuring this chart lately as a canary in the coal mine for what’s really going on in the banking system. The Fed has published it in its weekly H8 banking data for oh, the past 30 years or so. It doesn’t like what it sees, or what it tells…
I began to warn in December 2021 that the process of the CLI flattening was beginning, and that that would lead to bad things happening.…
We’re on the doorstep of massive T-bill paydowns over the next 4 weeks, that are a bullish influence every year at this time. But stocks…
My apologies! I sent this out earlier this week with a link to the previous weekly report. Now corrected. Happy Easter and Happy Passover! A…
The red line is the March level of CPI adjusted retail sales aka Real Retail Sales. Speaks for itself for the damage done by inflation.…
The pullback in bond yields has reached criticality. I think they’re going lower in the short run. Once again, it’s a GTFO gift. Understand why…