Was it this? How Bears Could Take Charge This Week February 13, 2023
I honestly don’t know. I’m writing a report on who’s drawing down the Strategic Cash Reserve, and I name names.
That’s coming up within the hour.
Meanwhile, I can’t m…
Yes, and do you know why? Because the largest volume of tax refunds are sent in February. That means the the US Treasury must borrow to cover that, so supply is heavy in February. We’ve seen that in the T-bill issuance calendar for this month. And the …
I don’t know about these persistent recurring bursts of buying. But they’re here. And this morning we’ve had an upside breakout of a nice big triangle pattern on the ES, 24 hour S&P fuguetures. The 5 day cycle projection is 4170. But over the past …
They’re ba-a-a-a-a-a-ack. The bulls are still buying the dips and the 4 day cycle that we noted weeks ago continues to repeat like clockwork. The low was right on schedule on Friday. The next high is due late tonight on the hourly chart of the ES, 24 h…
Yesterday I reported on how new US Treasury debt issuance policy is crushing the stock market rally. It’s policy, and it will continue. The report delves into the mechanics of how, and why, the government can continue to issue massive amounts of debt d…
And apparently, I was the sucker, capitulating on my longs.
But alas, New York premarket trading is just getting ready to roll, and an upside breakout isn’t guaranteed, as the 24 hour ES, S&P futures, move in a narrowing triangle, liable to t…
Thanks to FxFox for reminding me of that thought that I’ve posted many times through the years.
I might add that not only is it the final arbiter. It is the only arbiter. All of the arguments about news, and fundamentals and, yes, even…
Back when I was a kid trading from the customers seating area at the Walston and Co. office in downtown Philly, on a day like yesterday, the old heads there would say that. I’m not sure that still holds today.
But these were guys who had been thro…
Busy morning this morning, so here’s just the chart of the hourly ES, S&P fugutures. It’s getting close to a bottom.
For moron the markets, see:
Swing Trade Screen Picks – Here are Two on the Buy Side that Stick Out February 6, …
The market faces a real test this morning as negative earnings surprises hammered prices overnight.
Will the losses stick, or is it just another buy the dip?
At 3:30 AM New York time, the pullback has hit a trend sport convergence at 4142….