Wall Street
I got nuttin. Obviously.
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Yep, the bulls are running again. As of 5:30 AM ET, they’re near another breakout. The 5 day cycle projection says its coming. The projection is 4448-50. Trend resistance projects a couple points lower than that, but they usually punch through a little…
Here we go again. Another false breakout. Another plunge to the bottom of the range. We’ve seen this act before. It has all the earmarks of another developing megaphone pattern. Back in the old days, we called these patterns “broadening tops” because t…
They’ve been threatening to do it for two years, and finally pulled the trigger. The Fed’s captured media barely gave it lip service, with a…
With each FOMC press conference bull session, Jaysus H. Powell reminds me more and more of the Wizard of Oz.
If you want to retain your sanity, as well as profit from all the lever pulling, smoke and mirrors, by gosh, ignore the bastard and just p…
That is, if they clear 4400
With a 30 minute lag this chart doesn’t show it yet, but as of 4 AM in Noo Jork, and 10 AM in Madrid, Paris, Frankfurt, and Warsaw, go figure, it’s there. Now they just need to push it until NY gets into the action.
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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 …