The Great White shark is closing its jaws. Bears have been eaten and digested already. Now it’s the bulls’ turn. I’m not saying that the…
Kah PLOWY! That’s what they used to say in the funnies when I was a kid. Many of you reading this have no clue what…
This morning’s hourly chart of the ES futures looks a lot like yesterday’s. But boy is this thing pregnant. The question is, with what? A…
Look Out! Intraday Charts Are On the Brink – Stock Market Trading Setup for Friday, February 7, 2020
The Hurst 5 day cycle projection was at 3375 at the close in New York yesterday. We got a breakout above the old high, and…
Quiet morning here in Yurrop. S&P futures are up a mere dozen points, coming down from up 25. Nadsac fucutures are only up 30 some,…
S&P futures are surging again. Cornohaha VIrus is cured! Sell the news?
S&P futures are bonering. They hit support yesterday, and surprise, surprise, the dip buyers were out in force. Well, not a surprise actually if you recognize that the Fed pumping $100 billion a month into dealer trading accounts permanently tilts the playing field. Doesn’t mean that the market can’t go down, just that it probably won’t stay down for long.
The PBoC did a nice job of stopping a worldwide crash this morning. It pumped a gazillion yuan into their banking system and bankers instantly found a way to get it out of the country to bolster foreign markets.
At home, not so much.
Here I was in Zadar, Croatia enjoying myself, while there was a little matter of a Fed Meeting Statement, and Chairman Jerry’s Dog and Pony show.
Wall Street was waiting with bated breath, that’s right, bated, but I had taken an afternoon stroll around the harbor, on the lookout for baited hooks. Just like walking on Wall Street. You gotta be on the lookout for baited hooks.
Thank the Fed’s Not QE program, and light Treasury supply! Supply and demand conditions for stocks and bonds have been as good as it gets. That’s about to change.
