As of yesterday, the markets had spent the month in a steady progression of lower lows and lower highs. The most recent “lower high” to watch is represented here with an arrow. At the absolute peak of Tuesday’s rally, we got a sin…
According to CB Insights, there were 1,068 unicorn companies in the world as of March 30, 2022. In 2021 alone, 519 of these privately held startups valued at $1 billion or more were “born”. The global unicorn herd passed the 1,000-mark at the beginning…
I don’t want to scare my fellow bears, but this the pattern on the ES S&P 24 hour futures chart is still bullish… Potentially. That is, unless and until it posts an hourly close below 4434. Until then, for day traders and other short term orient…
After having had a taste of remote working through the pandemic, employees are now yearning for even greater flexibility when it comes to their working hours. According to a report by Adobe, 51 percent of enterprise employees would like to have complet…
The market in recent days has been, for me, uninspiring. I’m far more engaged with my novel-writing than I am these exasperating financial markets, but the show must go on – – – so I went through my entire watch list of futu…
Nothing unravels quite as dramatically as systems which are presumed to be rock-solid and forever. Here’s the default Bullish case for stocks and the economy: let’s call it Plan Zero. 1. The economy and equities can grow forever (a.k.a. infinite grow…
Far and away the biggest financial story on Tuesday afternoon is the wipeout in Netflix (NFLX) shares. The stock had already lost an eye-watering 50% of its value in half a year’s time, but it wasn’t finished crashing. The stock is down…
After a federal court struck down the nationwide mask mandate on airports, planes and other forms of public transportation, it remains unclear how the decision will impact flight traffic in the United States. While some passengers may have been discour…
A 3 day cycle up phase has now been flat on the ES S&P 24 hour futures hourly chart for more than a day. Flat up phases imply sharp down phases. Of course, they don’t always work out that way. Sometimes the subsequent down phase just continues side…
I don’t expect much upside in the near term but the outlook should brighten later this year. Subscribers, click here to download the report. Four…