It’s around 4475 on the ES, S&P 500 futures. I’ll be back later with more.
The raw daily data for last week ended with a solid edge to the buy side. The final score for the week was 185 to…
The credit-sensitive bond market led the stock market down hard for much of this year, and it led it right back up last week. Here are three major funds below; the long-term patterns are obviously still very toppy, but it’s hard to tell wheth…
I have determined that this is no longer a bull market. But neither is it yet a bear market. It’s one of the rarest of…
The bulls are doing victory laps, because even garbage like Ark Capital ETFs had a great week (in fact, I think the best in their history). I would quietly note that this is the NINTH dead cat bounce in the midst of this bear market for the likes o…
The way the market traded last week, you would have assumed that Putin had surrendered, peace had broken out, and love was in the air. None of those things happened, even though it seemed like it, so I still believe commodities demand special atten…
The small caps have been banging around their range ever since they entered it on January 18th. We are getting close to the top of that range. I would point out in particular the blue trendline; any surviving bears out there do NOT want to see pric…
It’s the most bullishful time of the year. The annual corporate tax windfall just hit the US Treasury cash account this week. Individual annual and…
Let’s jump overseas and look at a few interesting outside-the-US ETF charts. First up is the Eurozone, which is sporting a massive rounded top pattern. The monster question has to do with those two horizontal lines – – has the bou…
Market dynamics suggest a fundamental secular change in commodities derivative markets… This points to powerful inflationary biases throughout the commodities universe. Moreover, central banks risk throwing gas on an inflationary fire when they respond to financial market illiquidity with additional QE/monetary inflation.
A key question is whether this secular shift in commodities markets portends a secular cycle downturn for financial assets? I believe it does.