It is simple, direct, obvious.
Meanwhile, here we focus on the intraday stuff. Once again, the market has made an ostensible “bottom” in the premarket of the hourly ES S&P 24 hour futures. In order to confirm, the ES merely needs to…
The PPI reading on Wednesday includes data which now enables us to project when the Fed will stop raising the Fake Funds rate. I call…
5:18 AM ET The pattern currently developing on the hourly chart of the ES 24 hour S&P fugutures looks like a bottom. But it snot. It’s a consolidation. How do we know that? Because the 5 day cycle has been in an up phase for 2 1/2 days, which means it is now …
Originally published at Fed Guy, reposted with permission. The dollar rally may be set to continue as limits on quantitative tightening bind other central banks…
Faced with the highest inflation in more than 40 years, the Federal Reserve has taken aggressive action this year. At its last policy meeting in September, the Federal Open Market Committee (FOMC) unanimously decided to raise the target range for the f…
After Russian President Vladimir Putin’s popularity already took a dip in September following continued losses by the Russian military forces and a partial mobilization of the population, support for the war the country is leading in Ukraine has now al…
In a new survey by the Levada Center, Russians were asked what feelings the news of the military mobilization caused in them. Fear was the most common answer given throughout all age demographics. The second-most common answer varied by age group, howe…
Following last week’s jobs report, which dashed hopes of the Fed pivoting to a less hawkish approach in its next policy meeting in November, investors are now anxiously looking ahead to Thursday’s release of the consumer price index for September. Whil…
As the International Monetary Fund and the World Bank Group are holding their annual meetings in Washington DC this week to discuss the numerous challenges faced by the world economy these days, the IMF has once again cut its forecast of global economi…
I am adding 8 shorts to the chart pick list this week. Technical Trader subscribers click here to download the complete report. Non-subscribers click here…