That’s not a laughable concept anymore.
As expected, the 5 day cycle bottomed yesterday. It did so just a hair below the sport lines we pointed to in the pre market yesterday. So far, nothing terrible has happened yet. Today doesn’t look like the …
Primary Dealers remain moderately hedged in their bond portfolios. There’s no sign in their data that disaster is imminent, but they are also not prepared…
I was on the train from Warsaw to Malbork yesterday. Malbork is as quiet as Warsaw is noisy. In other words, really, really quiet. Just what the doctor ordered after 11 days of not sleeping thanks to the insane noise levels in one of Europe’s most crow…
The market has yet to show the capacity to decline meaningfully.
When will it end?
A 3 day cycle low is due this morning. There’s no buy signal yet, but clearing 4196 would be the trigger for a move to test the high at 4214.
I’d be more bullish if this were a 5 day cycle low juncture. But that’s not ideal…
Stocks continue to wander aimlessly within a very weak apparent uptrend. A breakout is not a given. Nor is a downturn. We’ll keep an eye…
Gold has apparently entered a 9-12 month cycle down phase, which should remain flat. But it isn’t due to bottom until June 21 at the…
I have been warning Technical Trader subscribers about the likelihood that this is a cyclical bull market since Q4 of last year when cycle analysis suggested that a 4 year cycle low was due. And I think that we got proof of it yesterday when we saw a n…
I don’t know the answer for sure, but I don’t think so.
Meanwhile, back at the hourly chart the the ES 24 hour S&P fugutures, we have another minor new high in this up phase. They’re pulling back, but probably needs to be below 4157 by noon i…
Swing trade stock screens produced 57 charts with multiple buy signals as of the last two trading days of the past week. Five of those…
