The ES 24 hour S&P futures are threatening to make a lower low here, just after 8:30 AM in New York. It needs to drop under 4124. An hourly close below that would complete a top pattern that measures to around 4080. The current 5 day cycle projecti…
I am working on a Liquidity Trader Report which I would desperately like to finish this morning, but probably won’t. So I will keep this short.
For US stock index fuguetures this morning it’s the same old, same old. They’re still uptrending. They…
It sure looks as though the rest of the world has lost interest in trading the ES, 24 hour S&P 500 fuguetures. WIth good reason! I mean, the pattern is unmistakably bullish with higher highs and higher lows, but who can trust this market? Besides, …
The current uptrend is now a month old. It’s also been dzackly 6 months since the major trend low last October. That tells us something.
Nothing. OK, if you weren’t long, you was wrong. But from here? For one thing, the trend is still up. The 5 d…
Here’s an even better real time barometer of housing deflation.
Yesterday, they said inflation was 5% or something. Couple things wrong with that. Inflation isn’t 5%. And what they reported was CPI, not inflation. CPI does not measure inflation. It measures “consumer prices.” Inflation is defined as a rise in the g…
The bull market peaked at about 4800 in January 2022. The bear market bottomed at about 3500 in October. Half the distance is 4150. And now that the good “news” on “inflation” is out, the ES 24 hour S&P fugutures are driving toward, you guessed it,…
If you ask me, the market is getting weaker. Of course, I’m only talking about the hourly chart relative to time frames of a few days. I confine my work on the bigger picture to the Technical Trader reports. A kind individual took advantage of the risk…
Welcome back from the long weekend to all stock market religionists. In fact, the weekend is getting longer here in Europe. It’s the sacred day of Easter Monday. As in the US, the extra day on holiday weekends is for shopping. But just not for stocks. …
Really. There’s nothing to add.
Well, maybe the fact that the US Treasury is pumping $55 billion in cash into the accounts of various dealers, investors, and others in the week of April 4-11, with more to come throughout April. Maybe that matters…
