The American Society of Stocktologists (ASS) brings you this 2 hour bar chart of the ES, S&P 5+495 fugutures for perspective. At 6:30 AM in New York, as US traders arrived at their screens, a breakout was in progress. The conventional measuring imp…
Today is the day that Lord Jaysus Powell, aka JP III, will stand before the assembled multitudes and announce how fast he intends to kill the bulls. It will be slaughter of the most unimaginable magnitude. Only the rate is in question.
Meanwhile …
The Fed has created a Catch 22. There’s no way out. We’re all gonna die.
My day is finished at 10 PM. Stock market looked finished at the open today.
More later. I’m tied up at the moment. 😊
Subscribers, click here to download the report. Weak short term cycle up phases are in danger of early breakdowns The 13 week cycle is due…
This Friday’s screens had 15 buys and 9 sells. That compares with the previous Friday’s 50 buys and 16 sells, a solid precursor to last week’s rally.
Cycle screening measures screamed higher in a pattern similar to October-November 2020. That led to a breakout and long upleg. It doesn’t guarantee the same outcome here, but we need to be cognizant, and prepared for the possibility.
The outrageous and immoral slaughter of bears continues. No one will come to their rescue. They have turned to cannibalism to survive, as shorts cover, eating their young in the process. The gore is mesmerizing. We can’t avert our eyes. Our woe besets …
The moment of truth has arrived. Are you ready. Here’s what to expect and how to prepare.
They always tell us that monetary policy works with a lag. Who am I to argue. They’re the experts. Sure seems to apply to inflation.…