Rule Number One is – The trend is your friend.
But which trend? Here’s a 2 hour bar chart of the ES, S&P futures, for perspective on the very short time frames we watch on this thread. There are two trends. One is a 30 day downtrend that has n…
Today is Ballerina Day, so to all you Ballerinas, have a wonderful day!
At the close yesterday I revised the 5 day cycle projection on the ES, S&P fugutures lower to 4570. Earlier in the day I had it at 4610. That was then. This is now. We’re…
Here, it’s another Nice day. Sunny with a high of 57F, but warmer on the Promenade des Anglais as the sun reflects off the surface of the Mediterranean. Last night, I got a few photos on my first walkabout around the neighborhood where I’m staying this…
How many geuros will a doodah buy?
Whaddya hear about the 10 year? Originally posted here.
Craptoworld Buttcoin long squeezeout chart. Strong support at zero. Originally posted at The Stool Pigeons Wire, Capitalstool.com
This isn’t ageing well.
Yeah, but.
Here’s the thing.
The Fed is legally mandated by Congress to maintain price stability. So unless they redefine price “stability” from 2% inflation to 6% or 7%, they have a problem. They can’t print their way out of this.
No…
You could see and hear and just feel Powell’s fear and confusion. It was obvious and stunning. Having been punched in the face by inflation, the Fed no longer has a plan. Powell is on the mat, babbling, foaming at the mouth, and bleeding from the nose….
Powell has Mike Tyson syndrome. Everybody’s got a plan until I punch them in the face. Inflation has punched the Fed in the face. Now…