You see it on the 5 hour bar chart of the ES, S&P futures. In each of the last 3 very short term tops, the market formed a right eyebrow and then drooped. The key level today is 4545. If it stays below that, this could devolve into the droopy patt…
Or is this just the middle of nowhere. In the very short term view that we take here at The Stool, that’s exactly right. We don’t know, and neither do they. Today is a day to sit and watch the grass grow, the paint dry, the ice melt. Whatever suits yo…
The fifth time’s the charm? That’s right, this morning at 5 AM in New York, the ES S&P 500 fugutures are undergoing a fifth test of a week long trendline on the hourly bar chart. On each of the 4 prior occurrences, the line held, and the market the…
Ah, geeze. There he is again. You know what that means. Bears are in hot water. At least in terms of the ES, S&P 500 futures at 7 AM in New York.
If the bulls, and chicken (or prudent 😉 bears covering shorts, manage to push it through 4…
The 10 year yield just keeps surging.
It’s around 4475 on the ES, S&P 500 futures. I’ll be back later with more.
That’s right, the 3 day uptrend faces another test in the early going here. During the 5 to 6 AM hour in New York, the number to watch will be 4377 on the ES, S&P futures. If that holds, then the market could be in trending mode in these very short…
The 5 day cycle projection on the ES, S&P futures rose to 4385-4405 due to yesterday’s rally. To get there they would need to clear resistance at the trendline from the January peak. That’s at 4375 as of 5-6 AM in New York. Here’s the 5 hr bars loo…
The purple line is the Fed’s System Open Market Account, in other words, its securities holdings. You see the Fed’s balance sheet normalization 2017-19, and then the return to massive QE in late 2019.
Yardi Matrix says February national average multifamily rent inflation was 15.3% y/y, 0.6% m/m. They survey thousands of rental communities in 140 US markets. These…