This morning the ES has reached a 5 day cycle projection of 5570. But it needs to drop below 5555 to break the uptrend.
I started my summer of travel off on the wrong foot. I arrived just fine at my initial destination in Lyon, France, a wonderful City that I have visited many times. But, oops, I left my power adapter on the train. So I have a few hours of battery power…
When the market breaks out of a big bottom that forms at a top, it usually means a long couple of months for bears ahead. I don’t know if that will be true this time, but I just thought I’d mention it..
But here, we are only concerned with the ve…
Today is ideally the 5 day cycle high on the ES. But alas, the waves are regressing toward ever smaller amplitudes as the market triangulates itself toward infinite flatness. The ES would need to end today above 5474 for an upside breakout, or 5455 for a d…
The market averages are bubbling along near the all time high, but all is not well beneath the surface. For the past week I have been noting here that my swing trade screens of around 1300 bigger NYSE and Nadsaq stocks have been revealing way more sell…
Yesterday’s late breakdown from a clear head and shoulders top pattern failed to generate any follow through overnight. Now it has been fully reversed. Such false breakdowns tend to have bullish implications in the short run. That’s tendency, not a gu…
Rangebound markets make predicting difficult, especially about the future. However, we look to things like time, the odds favor the upside for the next 2 days or so. The hourly cycle indicators suggest that a 5 day cycle low has formed, and that the ne…
This is interesting. $65 billion in paydowns with more likely to be announced next week. But look at that festering boil at the end of the month. Just waiting to be popped. How the market will respond depends on how much more cash is coming from T-bill…
This will be quick. I’ll be out until this evening here and this afternoon for you in North America.
5 day cycle projection says 5510.
Pausing this morning first.
Spport 5465-70 this morning. They’d need to break that to signal even th…
The T-bill paydown announcements are not only coming fast and furious, they’re getting bigger. When it comes to June estimated tax receipts, the US Treasury must like the way they look.
Once they put that $68 billion coupon issue to bed on Monday…
