Yep, closed out a good month and off to a great start in December with an average theoretical gain of 11.9% on an average holding period of 24 calendar days on current chart picks. Reverses a couple shitty months in September and October. Swing Trade …
And the Christmas goose is in the oven.
Meanwhile, I noticed something interesting this morning. Over the past year, the EUR/USD tends to lead intermediate turns in US stocks by a week or two. We got something here?
This is a daily chart of …
Here we go again. Groundhog Day. The end of history. Over and over again they keep saying it’s the end. But I say they’re wrong. We’re just at the dawn of correction. For every season, there’s a reason. Blah blah.
Ah, the caca-phony of Wall Stree…
This market reminds me of Never Nowhere All At Once. Did you see that movie?
The pattern on the hourly chart of the ES, 24 hour S&P futures looks like it could be a top, but then we see that pattern of higher lows which makes me think that it…
Yes, the ES 24 hour S&P futures have broken out here in the pre market. But the conventional measured move implication is only 4590, because the base is so shallow. That’s also the area of a couple of trend resistance lines in the first couple hou…
That’s the headline on the Technical Trader chart picks update that I will post shortly. Meanwhile, the hourly chart of the ES 24 hour S&P futures is flirting with breaking spport at 4539. If successful, the bears will have a toe hold for a big mov…
The rally stalled last week. Not coincidentally, it did so when it hit an area of major resistance from a previous top. I have shown that area with a blue box on the hourly chart of the ES, 24 hour S&P futures.
2-3 and 5 day cycle lows are du…
Happy Turkey Day to all my fellow Merkans.
Tomorrow is just another day in la France but I will enjoy it vicariously with you as you celebrate with your families.
Normally Wall Street pre-celebrates, and it’s beginning to look that way on t…
Clearing resistance is hard. The rally has crossed a range, parts of which the market has repeatedly traded through over the past 7 months. That tends to clear the range of both bids and offers, leaving a thin market that can be traversed easily.
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The market sphincter just keeps getting tighter and tighter. The question isn’t just when the market will squeeze through, but exactly what will squirt out, and where. We await with bated breadth.