And now, our daily dose of useless meanderings from an aging, plaque hardened, market addled brain. These thoughts are free, so take them for what they’re worth. However, on the off chance that you are crazy enough to think there’s value here, check ou…
That’s right, on November 20, I headlined my Liquidity Trader subscriber report with: Inflation is Dead, Fed Policy Will Stay Bearish Until It’s Too Late…
If you have a trading portfolio that is hedged with both longs and shorts, and with judiciously placed stops around sport and resistance levels, that headline is what the market will do to you. No amount of disciplined trade strategy managemen…
Originally posted at Capitalstool. Yardi Matrix just out reports 0.5% m/m decline in asking rents in November. BLS had rent of shelter at an increase…
This morning over at Capitalstool, I accurately guessed that the market would be sprised by a lower than spected flatus print. How did I know…
Another day, another squeeze. Shorts are getting purged.
It’s ugly.
The 5 day cycle projection on the ES, 24 hour S&P futures has risen to 4045. If this base breakout sticks, it has a measured move target of 4105.
Multiple crossin…
That’s where stocks came from over the weekend and where they appear to be heading this morning. At the moment, there are no projections outside of Friday’s lows or highs.
Suddenly, around 5:20 AM ET there seems to have been a tick that created a…
Any way you slice it, coming into the NY open this morning, 3978 is the number to watch. It’s the apex of apexes. And the direction it takes from there is likely to define the rest of the day, if not more.
Of course, there’s always the opportunit…
Potatohead raises a good point that we’ve talked about before. That the Fed pays subsidies in the form of free interest income to holders of the free money that the Fed handed them during the course of QE. That includes Primary Dealers, banks, and mone…
This carnage may be all but exhausted for today, with a 5 day cycle projection pointing to only 3885-3900 on the ES, 24 hour S&P figuretures.
Somehow, the unbiased auto TA got it right this week. Despite the fact that I had 8 shorts on…