Top formation is due xxxx xxxxxx on short-term cycles. The intermediate uptrend is still intact, and will remain so provided that a pullback holds above xxxx. More fireworks look likely through the summer, with a xxxxxx xxxxx high expected in the xxxx…
The markets are playing Tariff Whack a Mole while the cycle model runs in the background, drowned out by all the market noise. The markets are thin, and the tariff news pops up randomly and repeatedly to move prices a long way in an instant.
Aside from Donald’s rump spewing out tariffs and then canceling, pausing, and reinstating them, we now have the courts involved. He said yes, they said no, and 2 more appeals say oh oh oh.
And then there’s the all to real possibility that the reg…
Aside from Donald’s rump spewing out tariffs and then canceling, pausing, and reinstating them, we now have the courts involved. He said yes, they said no, and 2 more appeals say oh oh oh.
And then there’s the all to real possibility that the reg…
Bloomberg’s headline called Tuesday’s 2-year Treasury note auction “solid.”
Let’s not take their word for it.
That there’s gambling going on in this establishment. 5 day cycle projection 6005.
Primary Dealers are pulling back from Treasury absorption — not by choice, but by constraint. With inventories falling despite relentless coupon issuance, the data confirms what recent auctions have already hinted: dealers are maxed out.
This report…
Or in other words, the enema of your enema, Depends on who’s buyin.
Meanwhile, there’s a 5 day cycle projection of 5960 and a reverse head and shoulder measured move implication of 5990-6000
Cycle Model Sell Signals Indicate Market …
Another Presidential tariff twist triggered a sharp rally in Europe on Memorial Day. So far, it doesn’t change any of the conclusions in this report, which was drafted before the rally. We must become accustomed to moves driven by increasingly frequent…
5 day cycle projection 5750, done. Multiple trendline convergence too.