Welcome back! I hope you had a great holiday. I had a traditional one, walking around Ljubljana, Slovenia, taking photos. Then yesterday, I got on a bus to Bratislava, and boy is it hot here. Today they’re predicting a high of 93, tomorrow, 94, and Thu…
Last night when I closed up shop, the 5 day cycle projection on the ES fucutures was pointed to 4327. After all the action in Asia and 4 hours of EU trading we’re looking at a projection of 4320, with a high of 4318 overnight. We saw the ES also hit t…
A little later today, I’ll be off on my travels to Slovenia, Slovakia, Poland, Czechia, and Germany. I’m saying farewell to Zadar, just as yesterday it seemed to say farewell to me!
I will pack my trusty laptop snugly in its favorite backpa…
On a personal note, today is my last day in Zadar. I have such mixed emotions. I have fallen in love with this place in…
That’s how many they broke here in the wee hours approaching 6 AM NY time. They came down to two channel lines converging at 4270 and the plunge stopped on a dime right there. Trading algos know where the trendlines are.
Now if they drop be…
Originally posted at Capitalstool. Follow and join the discussion. 30 minute bars on the S&P 500 (ES) futures nicely show how momentum has steadily faded…
The ES futures and the broad US market keep churning a little higher day by day. It’s a weak uptrend, locked within a couple of narrow rising channels at various angles, from almost flat, to rising at about 10 points per day, woop de doo. The most imp…
The latest update of our message board software at Capitalstool briefly broke the site. I couldn’t post over there this morning, so did our AM…
It could just stumble drunkenly higher bit by bit.
He did not say “might” fail. He said, they will fail in the next housing downturn. This is in the wake of the Supreme Court…