Wall Street Examiner exclusives
Yesterday, a couple of you highlighted the fact that there are so many different opinions about what the Fed is doing and trying to achieve, it’s hard to know what to pay attention to.
It’s true there’s a lot of distraction and deception. You must keep your eye on the ball. Here’s the pitch!
This is for the Treasury market. Proxy TLT. Originally posted at the Daily Stool.
The market “should” be in launch mode right now. This doesn’t look like a launch to me.
Originally posted at The Daily Stool. Was Friday’s surge a breakout? Nope. They fell 10 points short on the S&P fucutures. But first comes the cup. Then comes the handle, maybe. Here’s a little perspective from the 2 hour bars. Click to engorge. The uptrend from Turdsday’s low is still intact as seen on the…
Reposted from The Daily Stool at The Stool Pigeon’s Wire. Meanwhile, back at the market, the futures extended the rally in Asia, but Europe woke up and was sheptickle. When I woke up this morning, I opened this chart on my phone and the ES was right at the top of the channel. I don’t…
The tally on my daily technical stock screens of 9000 issues on the NYSE and Nadsacs was 18 bullish and 26 bearish. That’s the best bullish showing in 9 days. But it was still wasn’t quite bullish overall. Here’s the list for your viewing pleasure.
A buttcoin is a cryptocurrency downside unit of measure. One buttcoin is $5,000. Buttcoins form when the price drops sharply. Bitcoin has now dropped two buttcoins since the March 13 top. It may yet drop two more before finding trend support. And that may provide only temporary relief for holders.
Stories matter to Wall Street and to most investors. And they definitely matter to the media. Without stories to tell, the financial media would not exist.
Yesterday, I wrote, “This is a top, no bout a doubt it.”
So then I post the hourly chart and it looks like this.
Today’s screen had 39 stock charts with good signals, 11 buys and 28 sells. One of the sells was an inverse commodity fund so that one goes in the bullish column. Therefore, 12 of the 39 signals were bullish. 27 were bearish.
