Crypto has no intrinsic value… .no stream of free cash flows stretching into the distant future to pay dividends etc. But as it has a…
Anyone who purports to know the direction of the short term breakout, You’re a better man than I am Gunga Din.
Meanwhile, no such indecision in the money market, where T-bill rates show the Fed where the market actually is so that the Fed can use …
They’re killin’ us with boredom.
The old guys used to say, “Never short a dull market.” Well, I disagree this time.
But I don’t know for sure of course. There’s a very narrow decision zone on the ES S&P 500 24 hour continuous fuguetures….
I’m talking about buttcoin (BTC). This sucker is getting ready to drop its load, big time. First it has to suck in all the buttcoin bulls. It does that with those repeated pops every time it pierces apparent sport 30K. But watch out buttcoin fans. You’…
First they bore you. Then they excite you and suck you in. And then they drop the hammer.
We’re in the boring stage.
One thing is for sure. The longer this goes on, the longer it will go on.
The levels to watch are 4190, …
Originally posted at Capitalstool. Just a PONZI scheme that soaked up a large part of the excess liquidity from the big 40% M2 print. No…
The market has settled into one of those maddening, boring trading ranges that don’t tell us anything. It has lasted 6 trading sessions, starting from before the holiday weekend. At the moment the range is defined as 4074-4190 on the ES 24 hour S&P…
Anything above 2.96 on the 10 year should trigger a breakout to the next upleg in yields. The current pattern on the hourly ES 24 hour S&P continuous fuguetures remains bullish but there’s a big butt…
They’ve broken the back of the rally, but haven’t resumed the downtrend yet. The ES 24 hour S&P fugutures are in suspended animation, waiting for the other shoe to drop. They have set up a trading range of 4105 to 4169 on the hourly chart within wh…
The ES 24 hour S&P fugutures hit 4202 overnight, but that was well shy of a 5 day cycle projection of 4245. Meanwhile, as of 3:45 AM in New York, the futures have fallen back sharply, thanks to European traders, and various and sundry trading algos…