Where the US stock market is headed is another story, but I’m on a short day trip from Rennes to St. Malo today. https://en.wikipedia.org/wiki/Saint-Malo
Last week was tough. I had too many winners on my chart pick list, so of course the market to…
Do bears doodoo in the woods? Because this is a big setup for it. The current measured move target of the most recent base breakout is 4140. First there’s resistance at 4045 as of 7 AM in NY. The next R level is 4070. If they hang around 4045-4070, and…
As I travel around the north of la France this week and next, today Paris, tomorrow Brest, lest we remember and lest we forgets, yes turd day:
Now that that’s been dispensed with, we see that an uptrend has or has not been established, but that…
The S&P 500, as shown on the ES futures 24 hour chart, has relentlessly been making lower lows and lower highs on a cycle averaging around 3.75 days. A low is due now, suggesting an upswing for most of the day today. The cycle now ending hasn’t bee…
Welcome back, Stoolies! Time to get back to bidness.
Seems this morning that all are waiting in trepidation for something. Bulls are terrified that Friday’s double bottom will drop out. Bears are equally terrified that it will hold and trigger a …
I just updated the withholding tax data for August, with that data now complete for the month.
It looks weak. I’ll have more in a full report to follow later today. Normally the month end data is out a few days before the BLS (Bureau of Liar Sta…
Originally posted at Capitalstool From the Department of BTC Leads, this is one shred of hope for the equity bulls that stocks won’t break down…
Originally posted at Capitalstool Yesterday I called attention to the fact that $57 billion in Treasury coupon paper was settling, and that that should put…
Last week I pointed out that the breakdown of the top of the latest rally in the ES, 24 hour S&P 500 fugutures, resulted in a conventional measured move target of 3900-3910. We are 10 points above that as of 5:30 AM New York time.
They tried…
Falling prices destroy more money than the pittance that liquidation transfers from buyers to sellers at the margin. The losses in margin accounts is far greater than the cash received by sellers. And remember, it’s just a transfer. The buyers of the f…
