But why? Don’t know. Don’t care. The Wall Street Illuminati are blaming the TSLA price cuts. We knew inflation was dead back in November. By the time the Fed wakes up to outright deflation it will be too late.
So today, if that’s the Raison du J…
There’s a tiny little top pattern on the hourly chart of the ES, 24 hour S&P fugutures at 5:20 AM New York Time. But it hasn’t broken down yet, and cycle projections still point higher.
What to believe. What to believe.
Well, if the ES …
Whether this is a bear market rally or a new cyclical bull market matters not. My purpose here is not to fix the ills of central bank market rigging and excessive speculation. I’ll take whatever the market gives, and do my slanty headed best to report…
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.
