The pattern of the hourly ES 24 hour S&P futures so far this week looks just like last Wednesday and Thursday. Which is meaningless. The trend is mildly up. Hourly oscillators are on the sell side, but well above the zero line and creeping higher. …
The screens generated more buys than sell signals over the past week. For the week ended Friday, there were 46 charts with a second buy…
Last night, I posted this report with a bad link. That’s been corrected. My apologies! Cycles and other technical factors are lined up for the…
I was a big fan of his during my days on the Street. Farrell never imagined that the Fed would engage in long term rigging of the stock market to only go up.
There are long periods when the general consensus is right.
Bear markets no longer h…
Cycles and other technical factors are lined up for the usual Turkey – Santa Claus rally. Cycle projections have risen across the board, with a…
Originally posted at the Stool Pigeons Wire. The US Treasury’s 30 year bond auction didn’t go so well yesterday, unsurprisingly. It immediately reminded me of…
But for how long, that is the question. Not to be or not to be. To be for how long, for not to be is our destiny.
The hourly chart of the ES, 24 hour futures doesn’t tell us about the long term. I’ll look at that and post something on it before M…
Apparently there’s a widespread belief on the Street that the Fed is at the top of its “rate cycle.” I don’t know if it is or not, and I don’t care. Rate setting is an irrelevant exercise for the market. The Fed sets its target rate based on money rate…
Then it effs you.
But maybe this time is different. Maybe this pattern on the hourly chart of the ES, S&P 24 hour futures is a launchpad. The uptrend channels remain intact as of 7:30 AM in New Yawk. For any material change in trend, the ES w…
Gold miners are looking at the recent strength in gold skeptically. To us, the pullback in the metal looks bullish, which should create opportunity in…
