The rain has finally stopped here in Malmo, Sweden, so as soon as I finish my daily start routine here and on Wall Street Examiner, I am heading over to Copenhagen for the rest of the afternoon and evening.
The sun apparently is also shining on…
As a prognosticator, I know all too well that saying, “I told you so,” is a sign of hubris that will come back to haunt you. Because the feeling usually sets in right around the time that the market is about to bite you in the ass.
Why am I writi…
Riding the waves on this baby this afternoon and overnight, as I head for Copenhagen from beautiful Oslo.
Meanwhile, the US stock futures have been choppy with a surge that has now reached the seawall at 4420. If it’s breached, Beartown wil…
Good Morning from beautiful, balmy, Oslo Norway! I’m heading out to do more sightseeing after a fabulous weekend, but I will return later to see how the market is doing by the time it gets dark here at 11 PM. Weird. But first a quick chart review for t…
Since the beginning of June, withholding tax collections have rebounded a bit, and stabilized at a level that is certainly better than the negative readings of the past 3 months. However, the nominal year to year gain of x% as of July 3 is still below …
OK. That’s extreme. But it’s a down morning. That’s something. On the other hand, the 5 day cycle projection of 4433 on the ES 24 hour S&P futures has been exceeded and a sport level at 4425 is still holding this morning. If that’s broken, then we …
Which, in addition to being the direction of the stock market is about where I am in charming Stavanger, Norway. Stavanger is a lovely little coastal city of about 150,000 souls in a metropolitan area of about 320,000, nestled among the fjords and moun…
I am aboard the MS Cracovia leaving port from Swinoujscie Poland, headed across the Baltic Sea to Ystad Sweden. If you’ve ever been on a cruise ship on the high seas then you know that the satellite internet sucks.
But here’s a chart from my phone…
Yep, it does appear that that reverse head and shoulders pattern on the ES, 24 hour S&P futures hourly chart has been completed… by a hair. I’m not exactly confident that this will be sustained, like any of the moves over the past two days. But i…
The proof will be in the putting. If they clear 4380 on the hourly ES S&P futures chart, then I’d say good to go.
But they seem to have shifted from a dominant 5 day cycle to 3 day dominant. If that holds, then this cycle has peaked and today…