Here it is, not even 6 AM in New York, and the overnight traders have already bought the dip. It started in Asia and continued in Your Rope. There are buy signals on the hourly oscillators and they came from positive divergences versus the previous ho…
This is ridiculous. There have been more false breakdowns lately than I can remember. The new technical rule is: When stocks break support, buy.
Which is, of course, the opposite of the old rule.
It’s the bots and the AI, AI, AI. They’re doin…
This morning the market as represented by the ES, 24 hour S&P futures has been creeping up along its latest trendline. It’s amazing how these things work sometimes. After all, I drew this line yesterday. Now, as of 6 AM ET, 5619 is the number below…
Electricity went out in my neighborhood where I’m currently staying in Warsaw this morning your time. It’s been about 2 hours and the power just came back on. But apparently the neighborhood internet infrastructure is also down. I’m getting DNS errors….
What else can you ask for. It’s dull, it’s boring. It’s super market! Where’s the white bread aisle. Swing Trade Screen Picks – We Caught the Turn
Need an hourly close below 5592 to break the uptrend, and below 5584 to create a minimalist top patt…
Good morning, America, how are you?
Well, yes. I discussed it in the latest report. Nothing But Air I also earlier had the caveat that a vicious second wind rally was a possibility. That has played out. Then last week when so many buys came up…
The ES needs to be below 5562 at the NY open, and 5575 at the close to break the current iteration of the uptrend. That’s just to break the proximate trend, not to signal a top, let alone a downside reversal. First things first.
Failing that, it …
So I looked at my phone this morning and I saw that the market was pulling back. Opened my computer to give you the usual morning update and this is what I saw.
I wondered if it was a sign. So I waited.
And I waited some more.
A…
Yes, that’s right stocks fans. They’re lined up at the starting gate ready to run again. The 5 day cycle projection on the ES now looks 5475-85. The first support line rises to 5470 at the New York close. They gotta break that to begin to break the upt…
Today, I’m on a train again, sort of like the market. Chugga chugga choo choo. I’ll check in when connections are available.
I will also work on a Liquidity Trader Money Trends update. On the Treasury supply front at least, there’s nothing to stop…
