The S&P 500 has barely moved over the past 24 hours. Clearly, stock traders have found the perfect equilibrium price where stocks are fairly valued, and everyone is happy. We can all now close our trading screens and go do something productive with…
Gad this is getting tiresome. And the other thing is that it’s just so disorderly. Whipsaws, sport breaks, resistance breaks. Failed signals. WTF!
For now, there’s a 5 day cycle projection of 3815 to shoot for. First they gotta clear 3797. Then t…
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…