I don’t know whodunnit, but they wiped out my saved chart drawings on the intraday charts I post here. So much the better. I had to start over, and now we have a nice clean view of the trends.
Watch out if they break out of the latest massive inverse head and shoulders pattern.
Lindsay Williams interviews Lee Adler at Strictly Business Podcast, asking Lee to explain why yields are falling when inflation is rising. The answer is simple.…
Here’s a weekly chart of the S&P 500 over the past 15 months. Perfectly mor
When we look at the hourly bars, we almost get the idea that it’s a normal market that goes down as well as up.
But we know that it’s not. The 5 day …
I don’t know, and neither do they. But there’s ALWAYS one good reason, with good reason, and we know exactly what it is. Unlike Wall Street’s PR machine, what we know, is actually useful.
So we had a nice selloff yesterday. 2% woop de doo.
The pundits got busy early, when Your Rope failed to mount its usual recovery from Asian selling. It’s the Delta Variant, they said. I wonder what they’ll say about today’s rally.
Oh, the De…
Because he’s a knockoff.
Meanwhile, it’s the middle of the night in New Jerk, Asia is in later afternoon trading, and Your Rope has yet to open. As usual, Asia has copied the US market and continued the selloff. They’ve almost reached an appa…
Away? No, but they do slow down in their old age.
And god this is getting old.
They found the trendline from the June 20 low yesterday. Broke it slightly. Also slightly broke the 5 day cycle projection. I said then that I expected a rapid …
Just a reminder that yesterday the Fed pumped $83 billion into the trading accounts of Primary Dealers. Another $40 billion is coming next week on Monday and Wednesday. Moron that here.
Apparently they committed most of that cash to buying more Tr…
The ES fucutures dipped to spport lines in the overnight session in Asia, then the Europeans got to it, and lo and behold, they’ve rallied for the past 5 hours. Resistance is indicated 4366-69. If they clear that, then 4377-78. 5 day cycle indicators …