Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.
The ES fucutures made a new high for the current 5 day rally over night, but it has since pulled back. The hourly oscillators have made nice negative divergences. Not that there’s anything wrong with that. Usually its just the market jerking off the be…
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
The market peaked yesterday afternoon around 2 PM at 4458 on the ES S&P futures. In the short short run, it was a higher high. But in the longer short run, since the September 6 high, it was a lower high.
So is the short term trend bullish or…
Janet Yellen has now confirmed that the Treasury will run out of money in October, as we already knew from our tracking of the data. Congress will be forced to raise the debt ceiling. Treasury supply will mushroom at the same time as the Fed begins to cut its market support operations. The RRP slush fund will affect the timing of the coming disaster. But we know its coming and we have a good idea of when.
Meanwhile the BLS has fomented a completely false picture of inflation. I explain that in this report. It’s blatant.
After watching and reacting to yesterday’s Paramount Cavalcade of Lies Performance in real time, what else can I say?
Why is this time different? I don’t know about you, but to me, this looks like every other short term bottom we’ve had for the past dozen years. I guess it could be different, and we could know this morning.
When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.
Don’t ask.
We have a rebound. We know where the low is. By connecting lows and drawing a parallel line, we see a channel. So I named it. The Houston We Have a Problem Ship Channel. Our stock market space capsule was out there on its way to the mo…
Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.
