Baron Rothschild famously said, Buy when there’s blood in the streets after the Battle of Waterloo. But few seem to be taking that advice this morning. Perhaps it’s because this war has only just begun, and there’s a question whether any of us will eve…
The raw daily data for last week as a whole tilted strongly to the sell side for a second straight week. The final score for the week was Sells 212, Buys 101. Of the 48 charts with multiple sell signals, I found 14 that I liked well enough to add to the list as shorts.
Cycles – Cycles are mixed and opposed, expressed as a rangebound market that is likely to xxxx xxxx xxxx (subscriber version).. The timing and direction…
Originally posted at Capitalstool, the Stool Pigeons Wire. Not that it matters, but if stocks break out topside, the narrative will be that US stocks…
Gold is coming out of a beautiful bowl base that conventionally measures to 2150. But it faces significant resistance at 1975. For the big picture…
The purple line is the Fed’s System Open Market Account, in other words, its securities holdings. You see the Fed’s balance sheet normalization 2017-19, and…
I live in Europe, but earn my income in US doodahs, and hold cash and other assets in USD. So, in a sense, I am…
I’m not saying that I know which way they’ll break, just that today could be the day. The hourly charts of the ES, S&P 500 futures are extremely neutral. Is that even possible? Extremely neutral?
But that’s where the hourly oscillators are. Th…
I’ll start with the 5 hour bars on the ES S&P futures to show you just where we are in terms of the downtrend since the January high. We are right there on the verge of a breakout through one channel, but still facing resistance every 5-10 points f…
Federal tax collections looked strong for the full month in February. Don’t be fooled. It was an illusion due to a calendar effect and inflation.…