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…
Systemic corruption on this vast scale optimizes failure and collapse.
This year’s edition of ‘The World’s 50 Best Restaurants’ by publishing group William Reed Business Media has just been released. The ranking is one of the most highly anticipated events of the culinary calendar. The so-called “Oscars of gastronomy” hav…
With inflation at the highest level since 1981 and wages not keeping pace, many Americans are struggling to make ends meet. And while a fresh poll from Morning Consult and Yahoo Finance shows that two thirds of U.S. adults are confident that they’ll be…
According to calculations by Our World in Data, 61 percent of the world population has received two doses of one of the several coronavirus vaccines available on the market. The gap between low and upper middle income countries, in particular, seems un…