Headline Corrected The market pulled back to the bottom of projected cycle channels last week. A decline would signal that those channels are beginning to…
Withholding tax collections looked very strong for March, at first glance. But there was a one day anomaly in the data that skewed the monthly…
All eyes on the 5163-5170 band of resistance 5163-5170 on the ES, 24 hour S&P futures hourly chart. If cleared it could be the start of a genuine half day rebound. But they’d face still more resistance at 5178-5187 in the NY opening hour. Clearing…
They broke yesterday’s uptrend channel late in the day. Oh, wait a minute. That’s all it took to recover from what had been a big break. Now at 6 AM in New York, the ES 24 hour S&P hourly futures chart shows the index trundling upward along the cen…
The Fed’s weekly real time balance sheet data and its slightly lagged data on the condition of the US banking system have flashed warning signs…
That’s right, storps fans. Stocks can go up AND down, as the last two days have shown. However, with the market now being flooded with cash from T-bill paydowns every couple of days, don’t expect much more downside for the time being. It was fun while …
The 9-12 month cycle projection has risen to xxxx as the cycle got a second wind. The high is due by xxxx xx. The 13-week…
Europe is on holiday today, so it’s kind of quiet, but of course US stocks start the week on an up note. What else is new?
The ES 24 hour S&P futures made a new high overnight. They’re pulling back in the 7-8 AM hour, with trend support upcomi…
The screens found 384 total buys and 238 total sells last week. Among those were 26 short term buy signals and 15 short term sell…
There’s no sign of meaningful downside from the cycle picture, even though a late 6-month cycle down phase remains a possibility. Here’s what to look…