Whenever there’s a big rally, it always feels that way, but let’s step back a minute and recall what happens when a market crosses an oft crossed trading range.
Nothing.
After ground has been trodden time and again, it becomes a well worn pa…
The pattern of the hourly ES 24 hour S&P futures so far this week looks just like last Wednesday and Thursday. Which is meaningless. The trend is mildly up. Hourly oscillators are on the sell side, but well above the zero line and creeping higher. …
I was a big fan of his during my days on the Street. Farrell never imagined that the Fed would engage in long term rigging of the stock market to only go up.
There are long periods when the general consensus is right.
Bear markets no longer h…
Originally posted at the Stool Pigeons Wire. The US Treasury’s 30 year bond auction didn’t go so well yesterday, unsurprisingly. It immediately reminded me of…
But for how long, that is the question. Not to be or not to be. To be for how long, for not to be is our destiny.
The hourly chart of the ES, 24 hour futures doesn’t tell us about the long term. I’ll look at that and post something on it before M…
Apparently there’s a widespread belief on the Street that the Fed is at the top of its “rate cycle.” I don’t know if it is or not, and I don’t care. Rate setting is an irrelevant exercise for the market. The Fed sets its target rate based on money rate…
Then it effs you.
But maybe this time is different. Maybe this pattern on the hourly chart of the ES, S&P 24 hour futures is a launchpad. The uptrend channels remain intact as of 7:30 AM in New Yawk. For any material change in trend, the ES w…
What is he talking about? What excitement.
OK, so they took a breather yesterday, but excitement is coming. Trust me on that. I promise you. I just don’t know when, so it’s up to you to pay attention or you might miss it.
Meanwhile, I have …
First, I want to post this “little” Liquidity Trader update that I wrote over the weekend for you. It’s important. If you aren’t a subscriber, I sincerely invite you to try the service. If you have never subscribed, I’m still offering a 90 day risk fre…
Yes, my friends, it’s that time of the month again, and I’m working on some reports to splain things. They’ll be posted in Liquidity Trader within the next few hours.
Here our focus is on the nitty gritty of day to day trading, particularly with …