Potatohead pointed out yesterday that the Fed’s RRPs dropped under $2 trillion. That’s down $275 billion since May 24. I’m working on a Liquidity Trader post that will get into that and explain why it’s bullish. It should be posted within a couple of …
Rates don’t matter. What bull market in history hasn’t been accompanied by rising interest rates? Rates are the price of money. They are the the result of the interplay of the supply of money versus the demand for it. Of course it’s complicated by the …
So, would the most bearish thing the Fed could do be…
They don’t get more orderly than this. Here’s the hourly chart of the ES, 24 hour S&P fuguetures. The 5 day cycle projection is 4350-55. Trend resistance comes in at about 4360, but it’s rising. If they clear that, then 4400, which by one method wo…
I’m just going to crawl into my shell.
Back at Circle Back Ranch, where traders look to scalp a few points out of the ES, 24 hour S&P fugutures each day, there’s a whole lotta nuthin goin on.
The May 19-23 anal log on the chart of the ES 24 hour S&P futures is on the verge of being crushed. There may be no flush. Instead, the bubbly inflated mass of s… s… uh… s- stocks! yeah that’s it! will simply float higher. Clearing 4273 migh…
Almost no one came here yesterday. Ghost town. Crickets.
Could it beeeeeeeee-eeeee eeeee?
THE TOP? One reason to suspect that they will Make it so, is that the May 19-22 anal log is still working out. This is the hourly chart of the ES, 24 h…
It’s D-Day, one of the most important dates in world history.
The stock market is sanguine.
I’ll be back.
For moron the markets, see:
The Bulls Are Full of It June 4, 2023
Incomprehensible, That’s What You A…
I don’t completely concur with Jimbo’s idea here, but it’s an interesting way to look at it, and I absolutely agree with the conclusion.
Fact is that deposits are declining dollar for dollar with QT. Nobody is fleeing the banking syste…