Well, my friends, our first little downtrend lasted all of two days. The ES 24 hour S&P futures have broken the line that defined the top of the channel here in the wee hours as of 5:30 AM ET, US.
They have rallied to the previously broken nec…
CUSIP: 912796X61Term and Type: 16-Day BillCMB: YesHigh Rate: 3.800%Investment Rate: 3.859%Price: $99.831111Allotted at High: 3.47%Total Tendered: $95,206,793,000Total Accepted: $40,001,268,000Auction Date: 11/17/2022Issue Date: 11/22/2022Maturity Date:…
The pattern on the hourly chart of the ES, 24 hour S&P futures, speaks for itself.
To translate, it’s a top, and it has broken down.
But there are a couple of problems from the bearish perspective. First, the 5 day cycle projectio…
The intraday pattern on the ES, 24 hour S&P futures remains bullish here approaching 7:45 AM ET. We are still firmly in the green zone with all channels still pointing upward, and none currently under threat. There’s nary a red (downward) channel t…
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Once assets are revealed as worth far less than claimed, insolvency is the inevitable result.
I hadn’t heard about the Flexible Consumer Price Index until I read about it from David Stockman. He pointed to it as evidence of how hot inflation was running. Well, that was true a few months ago, but look how fast it has collapsed. Maybe t…
With the announcement of Katie Hobbs’ win in the gubernatorial race in Arizona, the Democratic Party has officially picked up three governor seats in the 2022 midterms, while the Republicans took over one governorship from Democrats. New Democratic gov…
Here’s an interesting layered chart I put together this morning. In blue is the SPY and in red is the cumulative advance/decline line. What jumps out at me is how, from the start of the year until October 13th, the lines were pretty much in l…
$40 billion CMB to be auctioned November 17. Settling November 22.