That’s right. Apologies for repeating, but when liquidity is tight, these price spikes merely rob demand from the future. And that is true whether this is the commitment of “cash on the sidelines” (rarely) or short covering (usually).
Now yesterd…
This downswing is aging. Is it old enough?
Each day that the decline persists, the odds of another short covering spike go up. But is today the day?
As of 7 AM in New Yak City, the ES, 24 hour S&P futures need to crack through 3605 on t…
For the week ended September 30, there were 19 charts with second or third buy signals on Thursday and Friday, and 35 with second or…
For example, it could be a stake in the heart depending on whether xxxx holds or breaks. Technical Trader subscribers click here to download the…
Global de-risking/deleveraging has taken A Threatening Turn. It’s no exaggeration to write that the UK pension system was this week at the brink of spectacular collapse, with confidence in policy and market function hanging in the balance.September 28…
The U.S. Bureau of Economic Analysis released its third and final estimate of second-quarter GDP on Thursday, confirming that the U.S. economy contracted for the second consecutive quarter amid an environment awash in global crises and uncertainties. R…
After prime minister Truss and chancellor Kwarteng’s disastrous mini-budget announcement last Friday, followed by intervention from the Bank of England and a rebuke from the IMF, days of radio silence from the Conservative leader were broken with a str…
Gold rebounded after hitting trend support. There’s regularly been an 8 week cycle pattern over the past year, and this fits that bill. The 13…
Honestly, I try not to think about the Fed’s motivations, or what they might do. Or why the Primary Dealers do what they do.
I think about what they do do. …
The level of financial inequality around the world is staggering. According to a new Credit Suisse report, 47.8 percent of global household wealth is in the hands of just 1.2 percent of the world’s population. Those 62.5 million individuals control a s…