The tax data told us that jobs grew strongly in October. Whether the BLS number shows that or not is a crapshoot. It often takes them a few months to catch up with reality as first they massage, then the revise and revise, and revise again. Eventually,…
The picture says it all. But the 2-3 day cycle projection of 3715-20 says, more now.
And I will have more later. First, petit dejeuner avec beaucoup cafe.
Big picture stuff below.
Surge in Withholding Tax Collections in Octob…
Yesterday was the Day of the Dead in some countries in Europe, particularly the one where I live now, France, and the one where I lived last year, Poland. Everyone gets together to go to the cemetery to weep over dead loved ones. Today is the day in th…
Yes, Happy Day of the Dead. It’s a national holiday here in France today, but in other parts of the world, it’s celebrated over two days. The big day is tomorrow in Poland
And on Wall Street.
In the US, it is celebrated with the two day FOM…
They’re trying to hold this rally together as we start a new week. Hope springs eternal in the hearts of bulls.
I note on the hourly chart of the ES 24 hour S&P fuguetures that this is the turd wave of this rally. Each of the two previous wav…
The 24 hour ES S&P futures have moved to the edge of a significant breakdown here in the mid morning hours in Europe, approaching 4 AM in New York. If they hit the 5 day cycle projection of 3740, it would be a clean break of multiple sport trendlin…
Every time the bears look like they might get one off this week, they get squeezed. It’s 4 AM New York time, as I type this, that time of night where things happen, and here we are again. The ES 24 hour S&P futures are right at that line that must …
This post first appeared on Capitalstool.com BTC had a major trendline breakout yesterday on a linear scale chart. It was a 5 month trendline break…
Apparently there were a couple of earnings calls last night that didn’t go so well. The market sold off after the closing bell. But after getting squeezed relentlessly for a week, European bears woke up this morning in a mood, and they started covering…
From what I’m reading in the Wall Street propaganda sheets, the current market bet is not on a Fed pivot, but a Fed pause.
Or something.
But what difference does it make.
Money talks and BS walks. And all of the speculation on a P, whe…