with flows gravitating to the perceived safety of money funds during risk averse market backdrops, the money market fund complex becomes a powerful mechanism for system Credit and liquidity expansion.
Back at Circle Back Ranch, where traders look to scalp a few points out of the ES, 24 hour S&P fugutures each day, there’s a whole lotta nuthin goin on.
Average swing trade list theoretical profit rose above 10% last week, on an average holding period of 3 weeks. It would have been even greater…
The May 19-23 anal log on the chart of the ES 24 hour S&P futures is on the verge of being crushed. There may be no flush. Instead, the bubbly inflated mass of s… s… uh… s- stocks! yeah that’s it! will simply float higher. Clearing 4273 migh…
Gold is due for a 13 week cycle upturn. Here’s what needs to happen. Non-subscribers, click here for access. Subscribers, click here to download the…
Almost no one came here yesterday. Ghost town. Crickets.
Could it beeeeeeeee-eeeee eeeee?
THE TOP? One reason to suspect that they will Make it so, is that the May 19-22 anal log is still working out. This is the hourly chart of the ES, 24 h…
This is a new low. And not the kind of low I enjoy. I can’t remember a time I’ve felt more despairing about the state of the market than right now. From June 16 to August 16 of last year, we had a two month ascent that I thought was the…
The debt ceiling issue has been settled. Investors breathed a sigh relief and bought stocks. But they did it on margin, because the cash liquidity…
It’s D-Day, one of the most important dates in world history.
The stock market is sanguine.
I’ll be back.
For moron the markets, see:
The Bulls Are Full of It June 4, 2023
Incomprehensible, That’s What You A…
I don’t completely concur with Jimbo’s idea here, but it’s an interesting way to look at it, and I absolutely agree with the conclusion.
Fact is that deposits are declining dollar for dollar with QT. Nobody is fleeing the banking syste…