Another day, another squeeze. Shorts are getting purged.
It’s ugly.
The 5 day cycle projection on the ES, 24 hour S&P futures has risen to 4045. If this base breakout sticks, it has a measured move target of 4105.
Multiple crossin…
That’s where stocks came from over the weekend and where they appear to be heading this morning. At the moment, there are no projections outside of Friday’s lows or highs.
Suddenly, around 5:20 AM ET there seems to have been a tick that created a…
Any way you slice it, coming into the NY open this morning, 3978 is the number to watch. It’s the apex of apexes. And the direction it takes from there is likely to define the rest of the day, if not more.
Of course, there’s always the opportunit…
Potatohead raises a good point that we’ve talked about before. That the Fed pays subsidies in the form of free interest income to holders of the free money that the Fed handed them during the course of QE. That includes Primary Dealers, banks, and mone…
This carnage may be all but exhausted for today, with a 5 day cycle projection pointing to only 3885-3900 on the ES, 24 hour S&P figuretures.
Somehow, the unbiased auto TA got it right this week. Despite the fact that I had 8 shorts on…
I loved the discussion yesterday about the good and bad of living in various places in Europe vs. N. America. I want to talk a little more about my sense of connection to Warsaw. I’m deeply attached to that city. It both haunts and fascinates me.
…
At this writing, at 6:30 AM NY TIme, the ES, S&P 24 hour fugutures are down 16 at 4056. They’d need to be below . It’s not enough to break the uptrend. They would need to be below 4042 at the New York open to do that. And to create a reversal patte…
Originally posted at Capitalstool. In or de? Year over year- Monthly, Analized- Swing Trade Screen Picks – Short Stops Killed but Many More AddedThe Trend…
I have set this hourly chart of the ES, S&P 500 24 hour fuguetures, so that you can see the long term trendline extension from the January top through a couple of peaks on the way down. I’ll give an overview of that, along with big picture implicat…
He really gave it to the bears yesterday. I’m laughing because I had no idea this was coming, but I spent the morning updating my trading alerts. Multiple buys were triggered as soon as the text of his comments hit the tape. All my shorts got covered, …
