On the daily charts, anyway.
One day, it will break, and it will be all over.
For now, we look at shit like this and see patterns that would have been frighteningly bearish in the good old days when markets were markets, turn up.
The…
Bulls won yesterday’s screen game with 34 buy signals and 12 sell signals. That reverses Wednesday’s output. That score was 10 buys to 38 sells. We’ve…
First, the 2 hour bars. I mean, what is this? Meatgrinder? Veg-o-matic? Slice and Dice? Shake and Bake? Swing Trader’s Nightmare? Day Trader’s Delight?
Bears took yesterday’s screen game with 38 sell signals and 10 buy signals. That reverses Monday’s output, It’s just a flesh wound.
Call it a pothole. Call it a mini flash crash. We’ve had a few of these lately, and yesterday’s was epic.
I call it, Dealers Shake the Trees. They’re low on inventory because of relentless customer buying. They needed to shake some loose before t…
They’ve been zigging and zagging, and shaking and shucking. The dealers are trying to shake the tree, I think, as the US Treasury continues to pour phenomenal amounts of money into the markets, on top of the Fed’s QE.
Meanwhile, they’re trying to…
This market is full of potholes! Drive defensively!
Bulls took yesterday’s screen game with 17 buys and 12 sells.
This is swing trade buy signals vs. sell signals from yesterday’s action.
These are very low numbers. The market is apparently riding the residual momo from…
Remember this oldy but goody? 4220 or Bust 4/27/21
The new 2-3 day cycle projection is 4210. Can’t make a precise 5 day cycle projection, but if the market doesn’t pull back much before NY opens, we’d be looking at around 4225-30. The codpiece pattern has broken out, with a projection of…
Yesterday’s screen game was a virtual tie with 13 buys and 14 sells.
This is swing trade buy signals vs. sell signals from yesterday’s action.
We could still be under the influence of the 58-16 bull win from Monday’s action. And that could be a second wind off the thrust of the 155 buy signals that started the 6 month cycle up phase back on March 28. That was the Big Kahuna.