Finger patterns are a common feature of bear markets, less so for bull markets. And it’s never good to anticipate that a pattern will complete. But we should keep an eye on this. Because if it goes all the way in, bulls will experience the pain
If…
Bears must, absolutely must, get the ES, 24 hour S&P fuctures back below 3898 by the end of New York trading today, or they are dead. Dead I say. If they are above that, then the next couple of days will see the market race to the top of this chart…
It’s jobs day. Tax receipts say there was a jobs boom in December. What will the Bureau of Liar Statistics say?
Withholding Taxes Are Soaring
I was looking at the charts of a couple of European bourses this morning. Some pretty nice looking bullish bases over the past few months are on the brink of breakouts. Keep an eye on those this week and next. Could be a signal for the US, which is hop…
If you are day trading a 5 day cycle, you lose. If you are day trading a 3 day cycle, you lose. If you are trading a two day cycle you were good until yesterday. Yesterday, not so much. Now if you downshift to trading 1 day, intraday cycles, I guarante…
At least, so far this morning, looks like the monkey is getting choked, but let’s look again after the first half hour of regular trading in New York in 3 hours from the time I’m writing this.
Meanwhile, overnight, the Asians and Europeans were o…
The stories abound about how Wall Street got 2022 all wrong. Well this guy did not get it wrong. He got it right. He is not a crook. He earned… everything he got.
Hourly oscillators are on the buy side on the ES S&P 500 fuguetures this morning. It looks like only a 3 day cycle low. It’s too early for the 5 day, so I’m guessing there’s one more down wave accompanied by a positive divergence before this sell w…
Our friend WTF, with his program of buying the beaten down p,o.s. TSLA got me to thinking. Which is rare because an set in my ways. But I got to thinking about how tax loss selling might be impacting this market. Sure enough if you look around, the wea…
Most of you have better things to do, I know, but for those who don’t, or just prefer watching market squiggles to shoveling snow, I’m opening this thread for the interanum week.
Depending on your perspective, this is either a top…
30 minu…