The US market is bleeding a little this morning. As I pointed out yesterday, they need to break 4078 to complete a nice tight little top pattern on the hourly chart of the ES, S&P 24 hour fuguetures. Still true this morning.
But the 5 day cycle p…
A strong currency exports inflation to those nations which do not issue the currency.
I’ll start today by featuring my swing trade screen picks. Last week could have been a blockbuster, but I had shorts along with the longs, and they killed that. Surprisingly, last week’s screens then resulted in more shorts than longs. Here’s the post….
We had them, but unfortunately, also had a few shorts that ate up much of what would have been phenomenal profits last week. Technical Trader…
Wall Street is largely theater, so we need to be able to suspend disbelief if we want to invest and trade successfully. Technical Trader subscribers…
With interest rates skyrocketing, you’d think that money market fund assets would be surging as everyone would want to move their cash into higher yielding…
Stocks are on a roll. The 5 day cycle projection on the ES, S&P 500 24 hour futures has risen to 4115. This morning’s high of 4108 is close enough for government work, especially in view of the fact that the conventional measured move target of the…
The price has broken out of a tight 3 week reverse head and shoulders. The implied measured move target is only xxxx. Cyclicality would be…
The pattern on the hourly chart of the ES, S&P 24 hour futures actually remains bullish. On the other hand, the 5 day cycle projection was 4035 and that was exceeded. So we’ll see if that headline holds up.
I’ll be back after posting th…
FEEDSince the market bottomed on June 16th, the /ES has gone up hundreds of points (well over 300) and the Dow Industrials is up thousands. There has been an enormous change in sentiment, with the consensus being that the brief bear market (if you want…