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…
The ES futures made a new rally high at 3 AM ET, then pulled back. The high was accompanied by a negative divergence in hourly oscillators. However, that isn’t always meaningful. It would only be so if both the market averages and the indicators break …
Yes it ticks me off. I had been warning about the buildup of leverage for months. Now that the inevitable unwinding has begun we’re starting to see the usual after the fact explanations. Where were the @WSJ and @CNBC when these problems were building u…
The ES 24 hour S&P futures tried to break out in the early pre market. They did for a bit, but that was it. Now they’re on the verge of a 5 day cycle rollover, and break of the uptrend, as of 8:35 AM ET. The number to watch in the opening half hour…
At first glance earlier this morning, this setup looked bullish. Now it’s 55-45, in my view. They’ve got work to do, and if they fail, this could just as easily fall apart.
A 3 day cycle low is due around the NY open. They need to hold above 5183…
For the last 24 hours, the pattern on the ES, hourly S&P futures chart has been bullish. Now push comes to shove. Is it a dead cat bounce, or the onset of recovery.
I noted yesterday the information brought to our attention by Potatohead on t…
Our friend Potatohead reported over the weekend that the CME had called for more margin on stock futures.
Then pre market trading opened on Sunday night and the result was predictable. Once the liquidation to meet this mass margin call is compl…
First, this. Why Primary Dealers Net Short Fixed Income Is Now Bad News for Stocks
Now a look at the 4 hour bars for some perspective on just how significant yesterday’s selloff was. This is not a joke.
If this morning’s weakness sticks, the…