I’m not sure I understand everything Jimbo says here, but it’s definitely worth thinking about.
But it looks like it’s time for a little rally in Treasuries as T-bill paydowns temporarily flood investor accounts with excess cash.
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Yesterday, no one correctly identified our mystery guest, so we will have new contestants attempt it today, on What’s My Line, with John Daly, Dorothy Kilgallen (corrected, not kilogallon), Bennet Cerf, Arlene Francis, and Steve Allen.
New …
Another dawn. But is it another false dawn, this market rally morning?
The ES 24 hour S&P futures have rebounded from the bottom of a downtrend channel. It didn’t get as low as very short term cycle projections suggested that it would. Hourly…
The ES 24 hour futures have broken through a signal strip, but immediately paused. IT needs to hold above 5145 in the early going to stay on the buy side. Otherwise, hippobottomus.
One difference on this rally so far is that it’s not starting lik…
If the market isn’t flying through the air with the greatest of ease, it’s stuck. The overnight was stuck, but it’s showing signs of letting go here at 5:30 AM ET, 11:30 AM Central European Time.
Here’s the hourly ES, 24 hour S&P fuguetures. …
The market has developed a penchant for air pockets within this recent trading range. They’ve been in both directions. One of these days an air pocket will open up outside the range, and there was be no coming back from it. But which way. That’s the qu…
I’m in the dark this morning as another Windows update seems to have broken my computer again. I guess it’s a message to get new hardware that can keep up with these “updates”.
In the meantime, I have to attend to my French residence permit renewa…
And now it is flying blind, without much clue as to today’s direction. The ES, 24 hour S&P futures are in a tight triangle with an apex right at 5200 later today. One way or another, it will break out of the triangle today. We can say for certain …
What else should we expect?
For moron the markets, see:
Banking Data Says This Is Last Hurrah for Stocks April 3, 2024
Gold Goes Space Needle April 1, 2024
The End Is Not Nigh Ma…
All eyes on the 5163-5170 band of resistance 5163-5170 on the ES, 24 hour S&P futures hourly chart. If cleared it could be the start of a genuine half day rebound. But they’d face still more resistance at 5178-5187 in the NY opening hour. Clearing…
