After seeing its bookings cut by more than 40 percent due to the Covid 19 pandemic in 2020, Airbnb bounced back remarkably well in 2021 and 2022. Fueled by the strong uptick in international travel in 2022, Airbnb saw bookings more than double compared…
The market is apparently in the second day of a nominal 5 day (expressed as 4 day) cycle up phase. If it makes it through today without blasting off, bears should be in good shape for another death defying plunge. But a little rally this morning that m…
It’s an Ed Sullivan moment. A really big shoe.
Meanwhile, we’re home on the range again. The hourly cycle oscillators on the ES, 24 hour S&P futures say it’s a 5 day cycle low, 4 day variant edition. But the ES needs to…
Still waiting for confirmation of a 13 week cycle low. It needs to happen, or you won’t want to look at the long term setup.…
As a result of the breakout from that 8 day base on the hourly chart, the ES, 24 hour S&P futures have a conventional measured move target of 4120-35. Right now they’re in a nominal 5 day cycle down phase. I’ll call it the pause the refreshes. Orig…
For the week ended March 3, there were 37 charts with multiple buy signals as of Thursday or Friday, and 33 with multiple sells. The…
Good morning!
My air conditioning is being installed today. It’s the last project in my renovation. After this, cleanup, touchup, and I can finally just live in my home. That means no more excuses for late reports! 😁
As for today’s market, l…
Is it a random walk, or just the Ministry of Silly Walks? The S&P 500 remains in limbo, still stuck near the middle of the…
They keep managing to do this, while the market ultimately goes nowhere endlessly. Both stocks and bonds have rallied overnight and into the early morning hours. The 10 year yield has pulled back to 4% and stocks look like they are headed to da moon. T…
It’s that time of the month again. The tax collections are complete for February so we know how the jobs market really did for the…