Just when it looked as if the market would go over a cliff, out came the dip buyers again. I guess they can read the charts, because the turn came from just above a key long term sport level at 3761 and the juncture of several trend channel lines that …
Overnight, the BoJ widened its band for long term government bond yields from 25 to 50 bp. The moved surprised the market. The USD crashed against the yen, and so did the ES, 24 hour S&P futures. Briefly. It was a moment, and then it stopped, and a…
FEEDWell, the good people at Japan’s Central Bank are going to allow interest rates to rise, which is something no one expected. I didn’t realize any kind of news was coming out tonight until my screens started going haywire late in the eve…
FEEDThis is me bein’ pissy but………..looking at these now-laughable FTX commercials starring Tom Brady, whom I’m led to believe was some kind of big football star, I can’t help but reflect……… Convenie…
FEEDI never knew anything about the fat, bald bloviator named Kevin O’Leary, but wow, was this video eye-opening! What a blowhard!!
A change in the underlying plumbing of the financial system is making it unlikely that QT can run its expected 2+ year course. An ideal QT would drain liquidity in the overall financial system while keeping liquidity in the banking sector above a minimum threshold. That is only possible if the bulk of the liquidity […]
A couple of weeks ago the market averages came right to long term downtrend lines from the January peak. At that point, there were multiple…
It’s an up phase, but how long and how strong it’ll be are the questions. The answers to both are, “not very.” For this up phase to get anywhere the boyz first would have to push the ES, 24 hour S&{ futures through resistance at 3872 and 3881. If t…
By now you are well aware how much I hate stops. As a result, I had evolved a strategy of foregoing stops in the first…
The metal is acting better than the miners, but that’s not saying much. Here’s what we have to look out for as a sign that…