The market has settled into one of those maddening, boring trading ranges that don’t tell us anything. It has lasted 6 trading sessions, starting from before the holiday weekend. At the moment the range is defined as 4074-4190 on the ES 24 hour S&P…
Let me start off by saying something crystal clear: not flipping from totally bearish to totally bullish on May 20th was the biggest mistake of the past twelve months (probably twenty-four months). I mean, it was right there in front of me: these F…
A couple of years ago, SPACs were all the rage. It was a great way for companies that had no business ever going public to…………go public. Well, even in this insanely over-supported market with trillions of Fed Bux behind it, …
This morning’s shocking news from Microsoft has been utterly neutralized. Even so, let’s stay in fantasy-land a bit longer and imagine that Microsoft is still in a major topping pattern. If that’s the case, what’s the best-c…
Federal tax collections plunged in May, withholding taxes in particular. Those worried about a slowing economy now have real data to back them up. In…
Well, poo. Last month I was really loving this stock market, and now it’s being a royal pain in the ass again. This morning, it looked like we’d be ready to have a rocking day, what with the Microsoft news and the Fed heads talking down…
Large companies making billions and billions of dollars in revenue are designed to earn their investors and stakeholders fortunes. Unless—they just don’t? What sounds counterintuitive is not uncommon. The reasons for why large companies that are losing…
Anything above 2.96 on the 10 year should trigger a breakout to the next upleg in yields. The current pattern on the hourly ES 24 hour S&P continuous fuguetures remains bullish but there’s a big butt…
The title pretty much says it all, but to recap: Apple is the most important NASDAQ stock there is; It also happens to be one of the few stocks propping up this still comically-overvalued stock market; It respected its channel for years until just …
This is a bit of a guess on my part, but I think crude is sputtering with its breakout. If it does, I think you’ll see XOP and XLE fall in short order. This entire sector is very, very expensive thanks to years of virtually uninterrupted asce…