The ES fucutures are trying to form a bottom as of 5 AM in New York. Downtrend channels remain in force, but will be challenged at 3900. The battle will be fought and decided at that level.
I will be back later this morning with a live repor…
The rights of ownership of an asset are the right to control, the right to income, the right of exclusive use, the right to sell.…
Originally posted at Capitalstool. Here is my stock screen spitout for today. These are not recommendations. I figure you stoolies know enough that you can…
The issue is not inflation. The issue is not economic recovery. The issue is not rising yields. The issue is not interest rates. These are all second order effects, or wholly tangential. Here’s the real issue.
There are red channels on the hourly charts of the ES fucutures. Are they going lower this morning?
Ten days ago I posted: The current move projection on the 10 year Treasury yield is 1.70. Longer projections point higher. I update that regularly in…
Here is the list of charts my screens spit out today. This is unfiltered. These are not recommendations. I figure you know enough that you can look at some of these on your own charts and do with them what you will.
Asia was just fine with whatever Lord Jaysus said yesterday. I didn’t watch his dog and pony show but I understand that he promised steady as she goes until time immemorial. And apparently he did say, as I expected, “All is well, remain calm,” in ref t…
Here is the list of charts my screens spit out today. This is unfiltered. These are not recommendations. I figure you know enough that you can look at some of these on your own charts and do with them what you will.
And maybe brace for impact.
Well, today’s the day.
The day we find out whether the Fed owns up to having yield controls and infinite QE ready to go as the next logical step, indeed the only possible step, in Bernanke’s abomination.
My guess is that Lord Jaysus will run the old soft shoe and downplay the mortal dangers. But the consequences are coming. Here’s how it sets up for our trading, and our future survival.