Yesterday’s spike high at 3 PM on the ES S&P 24 hour futures hourly chart exceeded the last short cycle high by 1 cent. That’s right. .01. That’s how traders signal each other that this is not the end. It’s not the beginning of the end, but it is t…
I’m now safely ensconced in my new permanent home in Nice, and it’s time to get to work!
We had yet another bear market rally overnight, on meta earnings. There is of course a difference between meta earnings and real earnings. I’ll leave that dis…
Oh gold. Ugly. Will gold bugs get slaughtered again? My thoughts on that. Meanwhile, BTC is out on a ledge. If it starts to curl…
There’s always a rally somewhere. Can you see it? I call this The Liquidity Trade. It’s 3 1/2 points off the low of 8 days…
There’s always a rally somewhere. Can you see it?
I call this The Liquidity Trade. It’s 3 1/2 points off the low of 8 days ago.
Not much. Not good.
The TLT of course is a proxy for the bond market. It’s the 20 year Treasury bond…
I am behind the 8 ball this morning, as I took it easy and did a little grocery shopping on this beautiful sunny Cote d’Azur day. I’m enjoying my last two days in beautiful Cannes, as I prepare to move to my permanent home which I’ve purchased in …
WOW! Ya think?
Needless to say, now that a bastion of mainstream media financial “journalism” has made that brilliant deduction, no doubt the bond market is poised for a rally. Yes, the 10 year will hit 3%, but first they’ll take a pound of flesh…
OK, so fade me.
Yep, while yesterday’s turnabout was dramatic, and for me, surprising, it is not without information.
And since we are living beings, we both create, absorb, process, and transmit information. It’s but a fleeting moment, but…
$74 billion in T-bill paydowns so far in April have been enough to cover net new Treasury coupon issuance with $40 billion left over for other games. It hasn’t helped the bond market. Treasuries continue to be liquidated, and short term T-bill rates co…
I don’t want to scare my fellow bears, but this the pattern on the ES S&P 24 hour futures chart is still bullish… Potentially. That is, unless and until it posts an hourly close below 4434. Until then, for day traders and other short term orient…