Natural gas popped higher yesterday, and everyone was scurrying around saying it was time to buy NG. Zerohedge was particularly enthusiastic. Well, the pop didn’t last. My sinewave continues to hold sway:
When the Covid-19 pandemic arrived in the United States in March 2020, forcing large parts of the economy to shut down practically overnight, millions of Americans lost their jobs in a matter of weeks. Unemployment surged to an unprecedented 23 million…
Let’s face it, the market might be a snooze-fest until Thursday morning, so let’s trot out at old favorite ETF, which is IYR, the real estate fund. This hit a major bottom on October 13th (of course) when it tagged its Fibonacci retrace…
Finger patterns are a common feature of bear markets, less so for bull markets. And it’s never good to anticipate that a pattern will complete. But we should keep an eye on this. Because if it goes all the way in, bulls will experience the pain
If…
If the Fed succeeding is a “Black Swan,” bring it on.
Charts
A tremendous credit boom took place in 2022 and it may not even be over. The combination of healthy banks, financially strong households, and attractive rates appears to have to led to a surge in bank lending. Banks and credit unions together created $1.5t in cash last year that likely has not yet fully filtered […]
More than half of the sunniest cities in Europe are Spanish, according to a report published by Holidu with data from World Weather Online. As our chart shows, the best destination for catching daylight rays is Alicante, which receives an average of 34…
When the number of Americans quitting their job surged to more than four million in a single month for the first time in April 2021, the “Great Resignation” became the labor market trend that everybody was talking about. Whether it was in search of bet…
Bears must, absolutely must, get the ES, 24 hour S&P fuctures back below 3898 by the end of New York trading today, or they are dead. Dead I say. If they are above that, then the next couple of days will see the market race to the top of this chart…