October 2009. Yankees won it.
I’m leaving Barcelona today, heading for Toulouse for a few days.
I still like our chances here, despite getting chewed up in the meat grinder last week.
A fool and his money are soon parted.
The fi…
I have been warning about this for months and months. In fact, I started warning about it in August of 2020, and have never stopped.
In recent months, I’ve written:
The conditions that led to this have been obvious, not just for months, b…
13 week T-bill rates, a freely traded market, have now risen 93 basis points since the Fed last “raised” interest rates. Of course the Fed has never raised rates. It has merely tried, and failed to keep up with the actual market.
Now admittedly, …
It’s shocking just how fast market interest rates are rising, as the Fed and its Wall Street lackeys promote the false idea that the Fed is raising rates. The Fed is not raising rates. The market is rising on its own, and the Fed is merely treading the…
It took me by surprise, I must say, when I saw this yesterday. Oh yeah, my nuts are in vice, and it isn’t very nice.
The ES 24 hour S&P futures have had a wee reversal in the wee hours around 5:30 AM New Yak time. They hit a 2-3 day cycle pro…
On the day to day scale that we watch here, it’s true! And if the ES 24 hour S&P futures are above 3630 by the time New Yak pre market trading opens at 8 AM ET, bears could be in some hot water for the next day or couple of days. On the other hand…
The Federal Plunge Protection Team (PPT) swung into action early yesterday, triggering a marketwide short squeeze with spectacular results. But these interventions can only last so long. The market must then sink or swim on its own. 5 day cycle project…
It is simple, direct, obvious.
Meanwhile, here we focus on the intraday stuff. Once again, the market has made an ostensible “bottom” in the premarket of the hourly ES S&P 24 hour futures. In order to confirm, the ES merely needs to…
5:18 AM ET The pattern currently developing on the hourly chart of the ES 24 hour S&P fugutures looks like a bottom. But it snot. It’s a consolidation. How do we know that? Because the 5 day cycle has been in an up phase for 2 1/2 days, which means it is now …
The 5 day cycle up phase started in the pre market on Sunday night. The ES 24 hour S&P futures are approaching the top of that up phase.
Wait, we’re at a low! How can this be a top?
Ask me that question in a couple days when the market is…