The dealers just set a new record extreme of leverage against their bond positions at the end of February. Then they sharply pulled in their…
The circus is in town today. Elephant droppings will be everywhere. Ringmaster Jerome Powell will lead the clowns as they parade around the ring, entertaining the crowd who will oooh and ahhh and laugh at their next trick and pratfall. The bigtop opens…
Monday reversed Friday and Tuesday morning reversed Monday. The hourly chart of the ES 24 hour futures is starting to look toppy as bonds stand poised to resume their recent selloff. An incipient 5 day cycle up phase has fallen apart, and suddenly ther…
Every time it looks as though the rally is running out of gas, somebody gives it a fill-up. It’s as if Friday’s selloff didn’t happen.
Meanwhile, did you notice that the Fed’s RRP slush fund dropped by $100 billion to a new low of $418 billion o…
This looks like a 6-month cycle down phase, but ideally it should be xxxx xxxx. With cycles in gear to the xxxxxxxx, it could be…
List performance was surprisingly stable from the week before given that the previous week was already at a record level for this exercise. The average…
The 9-12 month cycle projection now points to xxxx, but a consolidation is due in the short run as the 13-week cycle appears to have…
That’s right spport fans. There’s a downtrend channel on the hourly chart of the ES, 24 hour S&P futures. But catch it while you can. The top of the channel will be at 5162 as of the 9 AM tick in New Yak. That descends to 5155 at 4 PM when the boyz…
Yesterday’s little launchpad fire on the ES, 24 hour S&P futures has been fully extinguished, and the pad has been rebuilt. The rocket engines are intact, and a new 5 day cycle buy signal has initiated the countdown to liftoff. The 5 day cycle proj…
Thanks to Mr. Softee, another Windows update has set me back this morning by at least 90 minutes, making it impossible to do the work that I had planned for today. My chart program won’t open. My trader workstation won’t open, and I was finally able to…