Excerpted from https://liquiditytrader.com/index.php/2023/10/04/tepid-tax-collections-mean-its-the-supply/ The BLS has overstated jobs gains for most of this year. The jobs reports have not been consistent with the withholding tax collections,…
Many observers have pointed out that the US Treasury should have lengthened the maturity of its debt by selling much more long term debt when yields were low.
There’s a fallacy inherent in that thinking. Yields were low partly because the Fed was…
Yesterday’s rally did not break the 2 1/2 week downtrend in the ES, 24 hour futures. To do that would require a New York closing price above 4280. At this point, that looks unlikely. The 5 day cycle indicators suggest top formation is now underway as o…
Follow me. Go in here and take your clothes off. The bottom will be with you shortly.
How do I know this. I spent the last two days unwinding all the asinine long positions in my trading port and by late yesterday had gotten completely flat, whil…
The market has now been making lower highs and lower lows for two months. If that’s not a bear market…
Yesterday was ill liquidity exemplified. Ill liquidity is a sickness caused by a shortage of money. There’s a shortage of money because the US…
Europe first bought the news that a US government shutdown had been averted. Then they started having second thoughts. US traders have started sitting at their screens in the past few minutes and the added to the selling, but without reckless abandon. …
October has a reputation for crashes and bottoms. Bears are fervently hoping for a repeat. Prime Time for Danger and Opportunity But it doesn’t look like will start early. The hourly chart of the ES, 24 hour S&P fugutures is looking pretty bullish,…
That’s what it feels like as the market sinks a little more day after day. Some days more than others. And that’s the thing. Because the slope of the decline is becoming less severe. In other words, downside momentum is waning. That can only mean one o…
Weeks ago I began ruminating in my real work, that being Liquidity Trader, and in this case the Technical Trader reports, whether the coming 6 month cycle low would be a nice soft rounded bottom, or a vicious, violent V. There’s really no way to know u…
Bulls are looking for love, but as far as the ES, 24 hour S&P futures chart is concerned, yesterday’s pursuit was in vain. Hope springs eternal however, and they keep pawing at the soft ground beneath their hooves. The levels to watch for heartbrea…