US Economy Didn’t Crash in December?
LEE ADLER 1 – LIQUIDITY TRADER- MONEY TRENDS JANUARY 4, 2024
Yesterday I posted a report on the plunge in the withholding data. Non-subscribers, click here for access.
Subscribers, cli…
The selloff yesterday got ahead of both the 5 day cycle downside projection of 4730-35 and the conventional measured move target of 4725-30. It was only a slight breakthrough so it may not mean much. But if the drop extends this morning, then the alter…
I don’t know about you, or the market, but I’m going back to work. Hope you had a great week, and I wish you the best for the new year. I had a nice week off running a bathroom renovation over the holidays. Ha ha.
But here we are, and I’ll start …
The Santa Claus rally ain’t dead yet. Wednesday’s stock market pullback and yesterday’s rebound left the uptrend intact. A close below 4725 today would be needed to send Santa packing. Otherwise, party on till New Year’s Eve!
I wish you and yours …
They blamed Zero day options for yesterday afternoon’s meltdown.
Who knows?
The market is on the comeback trail this morning in the wee hours. But is the market still in an uptrend? It is certainly possible because the decline stopped at a t…
There has been virtually no movement in US stock futures overnight. The ES, 24 hour S&P futures are virtually unchanged from yesterday’s New York close at 3:30 AM New York time, about 30 minutes into the trading day in Europe. There was no movement…
The ES 24 hour S&P futures are holding at their uptrend lines here in the wee hours in New York. But the position is tenuous, as momentum has weakened, and prices are right at the trendlines. From 5 AM to the NY open, the key trendline will go from…
Ah, it’s holiday week. So let’s party. I am behind the 8 ball this morning, so I will just post the hourly chart of the ES, 24 hour S&P futures to get this thing started before most of the guests arrive. In the meantime, I will work on finishing th…
This is a test. This is only a test.
The ES, 24 hour S&P fugutures are back up to test yesterday’s high. At the same time here at 6:45 AM ET, the ES is testing the trend channel line that started with the launching of the Fed resubstantiation…
Since April, market participants have withdrawn $1.7 trillion from the Fed’s RRP slush fund. That’s the equivalent of $200 billion per month in QE. It doesn’t work via the same channels, but the effect has been similar. There’s still over $800 billion …