Farewell to Berlin!
And Good morning from the train to Warsaw. I expect to have a sporadic and weak internet connection while on this ride for the next 5 hours.
Have you ever noticed how the stock market imitates life and and life imitate…
No that is not a political statement. Although it could be. Sadly. It’s about the bulls, and the direction of the market.
The flat squeeze goes on. Not that we should be surprised. There’s been plenty of liquidity around over the last month, but …
That’s right. The ES, 24 hour S&P futures are down 0.1% this morning as of 6:45
AM ET. A 5 day cycle projection of 4100-4105 suggests that the market could break the overnight low of 4107. So be prepared for that. We’re now 4 days into a 5 day…
Good morning! I am now on the TGV to Frankfurt, home of the ECB, for a brief stopover on the way to Berlin where ich Villbeunberlinerfuhrschtert 3 days.
I write to you today from the fabulous City of Lights on the third day of my planned summer of travel. My itinerary will take me as far east as Poland and Budapest, then north to Prague, Germany, Sweden, Norway, Denmark, the Netherlands, Belgium, and f…
The ES 24 hour S&P futures came down to test the April 26 low yesterday. The test was successful, but for a couple of glitches. First, it made a slightly lower low. Second, there were no positive divergences on the hourly oscillators. Typically tha…
Today’s intraday look is below. But first, in case you missed it, this is important:
For now all we can do is follow the charts. And pray for guidance. And not the kind of guidance that comes from the Fed. Because it is flying blind. And lying about it. If there’s one thing that Jerome Powell learned from the master, Bernanke, it’s…
Today is Labor Day in France, a public holiday throughout Europe. In the UK, it is a floating holiday known as “Early May Bank Holiday.” Charming. In Germany, it’s also Labor Day. In Italy it is “La Festa dei Lavatori,” of the Festival of the Public Re…
The past two days are a perfect example of free markets functioning normally.
Also, be careful what you wish for. Recessions are bullish. Because recessions are when the Fed loosens monetary policy.
Finally, as my hero Joe Granville used to…