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….
I see no sign of anything more than that on the intraday chart yet. Here it is, the 24 hour ES, S&P futures hourly chart.
I’ll be back.
or moron the markets, see:
Swing Trade Screen Picks – Bulls Win This Week January 30, …
Yes, today is the day the Fed catches up with the money markets. Since the last Fed increase in the Fake Funds rate, which is used by absolutely no one except a few banks doing fake trades, the 13 week T-bill has risen by approximately 40 bp. The 4 wee…
As is so often the case for FOMC meetings, the market has moved to a critical technical inflection zone, prepared to go either way. In the very short run, today is the fourth day since the last cycle low, and the previous cycle lasted 4 days. The hour…
As the NFL heads for the Super Bowl, this week the stock market will have a spectacle of its own. The FOMC Super Bowl Circus comes to town, with the question of whether or not this will be a bull market, the whole ball game.
I won’t answer that h…
Is makin me wait.
But I’m running late. Gotta get that Gold Trader report published.
I’ll be back.
Meanwhile, this speaks for itself.
Along with the headline.
For moron the markets, see:
Composite Liqu…
We’ve had some confusion and angst lately about the direction of stock prices. Well let me say this about that. Let me be absolutely clear. The 1 day bars of the ES 24 hour S&P fucutures show us clearly over time exactly where the market has been. …