Zero Hedge, in its inimitable, breathless, and incomprehensible fashion referred to a looming crisis in the Fed’s Reverse Repo program.
This is an important issue, but there’s a lot of confusion around it, so I want to try to explain exactly what’s going on and why it’s not a crisis now, but is a mirror on a process that will lead to one. We know exactly why, and we know when.
Bears won yesterday’s screen game by 29 to 21. That’s not a lot, especially considering that 6 of the sell signals were fixed income funds. This compares with Tuesday’s 32 to 15 bull win. And we’re still looking back at that 153 to 6 bull stampede last Friday, which suggested a new bull swing phase. And the 5 day numbers keep getting more and more bullish.
Originally posted at Capitalstool. Well, they broke the BTC 9 month cycle projection with a few thousand to spare yesterday. So, let’s see how it…
“Frustrating” is a word that doesn’t do this market justice. Who’s happy with this action? Day traders! That’s who! The intraday patterns have been remarkably orderly.
For the rest of us, not so much. For we who are looking for swing trades of a c…
This is really bizarre. Bulls won yesterday’s screen game by 32 to 15. This compares with Monday’s 27 to 8 bull win, which came on top of a 153 to 6 bull stampede on Friday, which suggested a new bull swing phase.
The 5 day total is 252 buys to 86 sells, a spread of +166. That’s up from +144 yesterday.
And yet the market slides.
As an American living in Europe, and earning my keep in USD, I have an abiding personal interest, currently a terror, in the EUR/USD exchange rate.
I have suffered 13% inflation since I arrived in Europe 18 months ago, thanks to our glorious Fed policy of printing money out the ass until it bleeds. Make no mistake, this is their intent.
Originally posted at Capitalstool. Here’s today’s buttcoin watch. Yesterday I had a cycle projection of 39-40k. We’re there. It’s also the 200 day MA. A…
I freely admit to not understanding what’s happening here in the market within my analytical framework. Is it just a short term anomaly? Or is something going on beneath the surface, beyond the view of the liquidity and technical data that I watch. Cle…
Originally posted at Capitalstool. Bulls won yesterday’s screen game by 27 to 8. One of the short term sell signals was an inverse ETF, so that…
Originally posted at Capitalstool. Current bitcoin projection 39,000-40,000.