Not much has changed since our last look at Primary Dealer data 4 weeks ago. The script is playing out. It’s Greek tragedy, because we know what’s coming. I’ll recount what we’ve already said, and add plot embellishments from current data that the Fed posted Thursday, that’s up to date through 10 days ago.
The strong push last week has turned the short to intermediate term outlook bullish. The numbers now portend …
The final lists resulted in just one buy signal, a gold miner, and 14 charts with a sell signal on Thursday or Friday, following sell signals earlier in the week.
Crashes happen when apparent bottoms drop out.
The Federal budget deficit is shrinking as the economy experiences an inflationary boom. This is just what the Fed was hoping for, but inflation has obviously gotten away from them. It will only get worse as the lagging rent component of CPI will push the total index higher, even if and when the other components begin to moderate.
Subscribers, click here to download the report. Over the 4 days Feb 1-4, 45 charts of the 52 that I track, had at least one…
The extra layer of screens that I instituted for swing trade chart picks last week, and a cooperative market, paid off in a big way. Woo hoo!
Cycle screening measures screamed higher in a pattern similar to October-November 2020. That led to a breakout and long upleg. It doesn’t guarantee the same outcome here, but we need to be cognizant, and prepared for the possibility.
The US economy is going gangbusters, but the Fed has created and is imminently facing the greatest crisis in its history.
Here’s the latest in this ongoing financial soap opera for the ages.
Subscribers, click here to download the report. Gold’s trading range is getting thinner, promoting violent moves within the range. On the mining stocks, over the…