There’s just too much overhead. The indicators don’t set up well for a breakout here, but the tale will be told when New York opens. The key level looks like 4568-74. If they don’t clear that, bears have the ball.
If they clear it, bulls maintain…
As of Friday, the average gain of open picks and those closed last week was +8.1% with an average holding period of 18 days. This was a strong performance compared to recent weeks, especially so given the rotten market action. The list was on the right side of that.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
So here we are, witnessing the switch from risk-on to risk-off in real time.
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
Of the hundreds of pin-headed things that have taken place over the last year, near the top of the list is the notion that the failing movie house AMC Entertainment, which makes a few bucks selling soft drinks and popcorn at their deteriorating mov…
I’m very interested to see how futures open on Sunday afternoon (although it often hardly matters) since crypto has had such a rough weekend. I wanted to point out that, to my eyes, the “bluest of the blue chips” – Solana &#…
The withholding data is the real deal. It continues to show the US economy growing rapidly. Inflation will continue to run very hot, and the Fed will remain under pressure to reduce QE. That showed up this week in Powell’s statement that the Fed will stop saying the bad word, “transitory” because people misunderstand what the Fed means by it. We know otherwise.
Well, it was down 20% at one point today (Saturday). CNBC says that a 20% decline is a bear market. All the other outlets have…
By Jimbo at Capitalstool The fewer shorts the better. What shorts don’t realise is that they themselves are a contrary indicator. To make money as…