Federal withholding tax collections declined in September for the third straight month. Predicting the BLS jobs data is always a crapshoot, but after 3 months…
Or not. Bears have the ball early in the pre market, but they need to do certain things on this drive to keep it.
The 5 day cycle has topped out. The megaphone pattern at the low is complete. The breakout is failing, and the price target implicat…
Plunder is fun until everything has been plundered. Nothing is infinite except greed and credulity. Unfortunately, neither greed nor credulity can build a sustainable, productive economy.
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…