I write to you today from the fabulous City of Lights on the third day of my planned summer of travel. My itinerary will take me as far east as Poland and Budapest, then north to Prague, Germany, Sweden, Norway, Denmark, the Netherlands, Belgium, and f…
The key to the longer term outlook lies in the shape of the xxxx xxxxx xxx xxxx that’s just starting. Non subscribers click here to…
Gold’s 9-12 month cycle high is overdue. The cycle projection has xxxx to xxxx. The cycle may have shifted into trending mode, which would be…
The ES 24 hour S&P futures came down to test the April 26 low yesterday. The test was successful, but for a couple of glitches. First, it made a slightly lower low. Second, there were no positive divergences on the hourly oscillators. Typically tha…
Withholding tax collections through May 2 have been much weaker than the year ago period, and weaker versus last month. This does not bode well…
Today’s intraday look is below. But first, in case you missed it, this is important:
Despite new turbulences in the banking sector, the Fed decided to stay the course and keep raising interest rates in its battle against inflation. Following a two-day meeting of the Federal Open Market Committee (FOMC), Fed chairman Jerome Powell annou…
The tectonic plates of the financial sphere are heaving. The fault lines are growing. Fissures are widening. Cracks are spreading. The pressure is growing in…
For now all we can do is follow the charts. And pray for guidance. And not the kind of guidance that comes from the Fed. Because it is flying blind. And lying about it. If there’s one thing that Jerome Powell learned from the master, Bernanke, it’s…
Market Bullback Was a Masterful Shakeout and Setup! What’s a bullback? It’s a pullback where the bull herd just backs up and then charges. A…