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Category: Lee’s Free Thinking

You get what you pay for.

Mo Money 6/14/24

The T-bill paydown announcements are not only coming fast and furious, they’re getting bigger. When it comes to June estimated tax receipts, the US Treasury must like the way they look.

Once they put that $68 billion coupon issue to bed on Monday…

Triangulatin’!

Is making me wait. This market can’t make up its mind. It’s too early for a 3 or 5 day cycle low. More work to be done. Likely heading for the Dick Trickle Memorial Point at 5274 this evening. Levels to watch in the meantime, 5248 for spport or breakdo…

Next Stop 5260 5/29/24

That’s the current 5 day cycle projection on the ES 24 hour S&P futures. It’s also a spport level, a hair above last week’s low. Meanwhile, hourly cycle oscillators are Dover Sole, down to the level where they bottomed last week. That doesn’t guara…