Bears must, absolutely must, get the ES, 24 hour S&P fuctures back below 3898 by the end of New York trading today, or they are dead. Dead I say. If they are above that, then the next couple of days will see the market race to the top of this chart…
It wasn’t a good week for the list. All but one pick got stopped out, mostly as intended, but the end result was an average…
They called it a goldilocks jobs report. Strong jobs creation, softening wage and salary inflation. The shorts got crushed. I know. I was one of…
Federal withholding tax collections soared last month and continued to do so in the first few days of January. I wondered if this was an…
It’s jobs day. Tax receipts say there was a jobs boom in December. What will the Bureau of Liar Statistics say?
Withholding Taxes Are Soaring
I was looking at the charts of a couple of European bourses this morning. Some pretty nice looking bullish bases over the past few months are on the brink of breakouts. Keep an eye on those this week and next. Could be a signal for the US, which is hop…
Gold is now attacking significant resistance after a big base breakout. 4 Year Cycle indicators have turned bullish. Miners are lagging, but I have on…
If you are day trading a 5 day cycle, you lose. If you are day trading a 3 day cycle, you lose. If you are trading a two day cycle you were good until yesterday. Yesterday, not so much. Now if you downshift to trading 1 day, intraday cycles, I guarante…
The list showed an average gain of 3.5% with an average holding period of 10 calendar days last week. I had tightened stops with the…
At least, so far this morning, looks like the monkey is getting choked, but let’s look again after the first half hour of regular trading in New York in 3 hours from the time I’m writing this.
Meanwhile, overnight, the Asians and Europeans were o…
