That’s about the only thing I could think of to meaningfully describe this market. Meanwhile, a couple of comments in response to your late postings yesterday.
Ah, yah.
Or one owner of many properties. 😉😉
In m…
As of 5:15 AM New York time, we can finally say that the endless uptrend channel on the ES, 24 hour S&P fuguetures, that lasted a whole 2 1/2 days, has been pierced. This follows 5 touches or near touches of the channel’s bottom trendline, not incl…
Just when it looked as if the market would go over a cliff, out came the dip buyers again. I guess they can read the charts, because the turn came from just above a key long term sport level at 3761 and the juncture of several trend channel lines that …
Overnight, the BoJ widened its band for long term government bond yields from 25 to 50 bp. The moved surprised the market. The USD crashed against the yen, and so did the ES, 24 hour S&P futures. Briefly. It was a moment, and then it stopped, and a…
It’s an up phase, but how long and how strong it’ll be are the questions. The answers to both are, “not very.” For this up phase to get anywhere the boyz first would have to push the ES, 24 hour S&{ futures through resistance at 3872 and 3881. If t…
The 5 day cycle projection for the ES 24 hour S&P futures is 3775, from the hourly chart. But the conventional measured move projection of the breakdown from the big top is 3700. Take your pick. Either is possible, if not likely, today. We’re due f…
And now, our daily dose of useless meanderings from an aging, plaque hardened, market addled brain. These thoughts are free, so take them for what they’re worth. However, on the off chance that you are crazy enough to think there’s value here, check ou…
That’s right, on November 20, I headlined my Liquidity Trader subscriber report with: Inflation is Dead, Fed Policy Will Stay Bearish Until It’s Too Late…
If you have a trading portfolio that is hedged with both longs and shorts, and with judiciously placed stops around sport and resistance levels, that headline is what the market will do to you. No amount of disciplined trade strategy managemen…
Originally posted at Capitalstool. Yardi Matrix just out reports 0.5% m/m decline in asking rents in November. BLS had rent of shelter at an increase…