I think that if there’s anything that illustrates the head in the sand problem of the banks, it’s this. Commercial real estate (CRE) finance. There’s a monster in the room. All that empty room.
The cycle low is confirmed and we have new upside projections.
We bears may consider it morally wrong and repugnant, but greed is good, ergo…
Here we go again at 5 AM ET.
The ES has hit uptrend channel resistance, but this chart shows why there’s more to come.
Cycle configurations remain bullish. I have updated cycle projections for both the short and intermediate term, and the long term. There’s no respite in sight…
Who is it grappling for?
Cycle lows are due on 3 and 5 day cycles. True Strength Index oscillator is bottomy. Others are in neutral turf. If ES pullback holds at or above 3714, PM upmove should be explosive as the hedge fund junior traders are fo…
Back in September I wrote to you about why I was giving up on the banking system indicators. I’ve reposted that rant in an addendum to this report. Essentially it boils down to this. Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over and reward the criminals.
Any time a price pulls back to a line from which it had broken out just before, I call it the “return to the scene of the crime.” It applies in both directions, and at any time frame. It happens A LOT. I think most of the time.
phase to play well.
Either this is it, right here at 5:30 AM ET. Or else 3770 on the ES this afternoon.
Oh there’s no place like home for the holidays.
Except if you’ve been locked up in it for the past 9 months.
Wanna get away?
Asia woke up last night and right away started buying, and kept going all night. By the time Your a Peein mark…