If you are day trading a 5 day cycle, you lose. If you are day trading a 3 day cycle, you lose. If you are trading a two day cycle you were good until yesterday. Yesterday, not so much. Now if you downshift to trading 1 day, intraday cycles, I guarante…
At least, so far this morning, looks like the monkey is getting choked, but let’s look again after the first half hour of regular trading in New York in 3 hours from the time I’m writing this.
Meanwhile, overnight, the Asians and Europeans were o…
The stories abound about how Wall Street got 2022 all wrong. Well this guy did not get it wrong. He got it right. He is not a crook. He earned… everything he got.
Hourly oscillators are on the buy side on the ES S&P 500 fuguetures this morning. It looks like only a 3 day cycle low. It’s too early for the 5 day, so I’m guessing there’s one more down wave accompanied by a positive divergence before this sell w…
Our friend WTF, with his program of buying the beaten down p,o.s. TSLA got me to thinking. Which is rare because an set in my ways. But I got to thinking about how tax loss selling might be impacting this market. Sure enough if you look around, the wea…
Most of you have better things to do, I know, but for those who don’t, or just prefer watching market squiggles to shoveling snow, I’m opening this thread for the interanum week.
Depending on your perspective, this is either a top…
30 minu…
That’s about the only thing I could think of to meaningfully describe this market. Meanwhile, a couple of comments in response to your late postings yesterday.
Ah, yah.
Or one owner of many properties. 😉😉
In m…
As of 5:15 AM New York time, we can finally say that the endless uptrend channel on the ES, 24 hour S&P fuguetures, that lasted a whole 2 1/2 days, has been pierced. This follows 5 touches or near touches of the channel’s bottom trendline, not incl…
Just when it looked as if the market would go over a cliff, out came the dip buyers again. I guess they can read the charts, because the turn came from just above a key long term sport level at 3761 and the juncture of several trend channel lines that …
Overnight, the BoJ widened its band for long term government bond yields from 25 to 50 bp. The moved surprised the market. The USD crashed against the yen, and so did the ES, 24 hour S&P futures. Briefly. It was a moment, and then it stopped, and a…