These comments are an excerpt from the Liquidity Trader Report on current US Federal withholding tax collections. They tell us that the US economy is…
The market put in a 5 day cycle low yesterday. The ES, 24 hour S&P futures now face resistance at 4525. If they clear it, then yes, Virginia, BTFD lives.
On the other hand, there’s a spport line convergence at 4514. If broken, the market could…
When I heard it through the grapevine that the market had given a big sign.
That’s right. The market made a top and broke down without so much as the by-your-leave, obligatory bounce from spport that I was looking for. So much for that. The break…
Good morning. I made it to the Alsace Lorraine yesterday after a brief stopover in Basel Switzerland to see and pay homage to the Basel III Accords. It was a moving experience even though I was unable to find the exhibit. I went to the Basel Rathaus (p…
Up, up, and away?
But before that I do want to say that I enjoyed meeting FXfox in his hometown of Heidelberg, Germany yesterday. We took a walk on the Philosopher’s Path above the Neckar River. How appropriate, huh? 😄 I got a little history of th…
I bagan forecasting this two months ago when I became aware of the enormous, record hedge fund short position in the 10 yea prior to the suspension of the debt ceiling in June. I warned that the markets would crack if yields started moving higher, as I…
Today, I have arrived in Rothenburg ob der Tauber, supposedly the most beautiful village in Germany.
We’ll see.
Meanwhile, the stock market has had another breakout. This time from a high base built over the past 5 days. It’s another bottom…
We merely need an hourly close below 4550 to create a lower high on the chart of the ES 24 S&P hour futures. On the other hand, a move above 4565 would have a conventional measured move implication of 4595.
Sigh.
Right now, we appear to …
Money rates are now slightly positive to consumer inflation. Historically they’ve reached punitive levels before the market turned. In other words, monetary policy is not…
OK, I keed. I keed.
We got the little 3 day cycle pullback into what should be the low of that cycle right now. But whether the 5 day cycle has also topped out isn’t yet clear. It depends on what happens between 7:20 and 9:30 AM ET.
The pul…