A 9-12 month cycle up phase has gotten off to a decent start. Here’s what that means for both the short term and long term…
The screens generated more buys than sells for the week ended Monday. There were 123 charts with a second buy signal over the last two…
The market waits with bated breath for the appearance of Jaysus. The excitement builds as the crowds gather below the Papal Balcony, on the third floor of the Eccles Building overlooking the crowded squares of Wall Street and Main Street.
It’s FOMC circus week. The elephants are entering the ring. We know what elephants do when they enter the ring, don’t we.
Ringmaster Jerry and the Ratemakers will put on quite a show, and the market will ooh and ahh. In preparation, the shorts are…
Last week, I posted this warning: Technical signs of an intermediate bottom forming have broken, and cycle projections now point lower. Multiple failed buy signals…
Composite Liquidity is flat and will almost certainly remain no better than flat for as long as the Fed continues to shrink its assets. There’s…
The hourly cycle indicators on the ES 24 hour S&P futures chart show that the market began a 5 day cycle up phase overnight. To confirm that the up phase will be anything more than a brief pause in the carnage, the ES would need to be materially ab…
No, I don’t mean stocks. The S&P is targeting 4135 today. That’s the 5 day cycle projection based on the overnight and pre-market action in the ES, S&P 500 24 hour futures. The hourly chart suggests that the market is vectoring even lower, with…
It’s 4224 on the ES, 24 hour S&P futures. If it holds above that, bulls are in charge. If it breaks, then bears ball. But unfortunately, there are so many crosscurrents in this rangebound monstrosity, that I’d be hard pressed to conclude that any m…
An overnight melt-up wiped out 3/4 of yesterday’s late selloff. European hedge funds and other assorted algos covered shorts and set up more hedges. Now what? Nobody knows, least of all me.
Technically, the ES 24 hour S&P futures have a 5 da…