Looking at this hourly chart of the 24 hour ES fuguetures, we see a market going nowhere fast. Over the past 2 weeks it has made a lower low, a higher high, and every trend permutation imaginable. Yech.
Today, once again, the market is making a t…
The realization that we’re not actually being represented at the federal level has eroded the consent of the governed for the national government.
FEEDI know, I know. I’ve heard all the words. Oversold. Capitulation. The Fed Put. Buying opportunity. The whole schtick. And I’ve seen the counter-trend bounces and the fact that 99.999999999% of the planet wants the market to go up, and g…
On Wednesday, after the close, Splunk (symbol SPLK) reports their earnings (well, “earnings”, since they lose money every quarter, it seems). They haven’t been public very long, so it doesn’t have the decades of history I lo…
Apple, the one thin reed still holding this joke of a market together before it completely collapses, has undergone an important change in recent weeks. You see, for almost a decade, it reliably banged within that large channel you see below, and a…
Homebuilding, as always, is getting utterly trashed, and has a long way to go: Symbol XHB And – – did I mention the train wreck known as the retail sector? Symbol XRT
For all of Cathie Wood’s catastrophes, the ONE last thing people will point out is, well, garsh, at least she was real purty back in the day. This image of “young Cathie” has been slathered all …
There were few new short term swing buy signals last week, unlike the previous two weeks. The new list had only 3 final buy signals…
Over the past 3 days, the hourly chart of the ES, S&P 500 24 hour futures has become increasingly disjointed and incoherent. This is a symptom of the growing shortage of liquidity. It reflects the inability of dealers and other big players to maint…