Just to show where we’re at, here’s the Wilshire 2500 (and, yes, this is a log scale, so this isn’t one of my dramatic arithmetically-scaled charts). Quite a sight.…
Technical Trader subscribers click here to download the complete report. This Friday’s screens had 68 buys and 22 sells, which is far more signals than…
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
More evidence this week of a historic mania running unchecked. 1999 was crazy, but at least that mania was relatively contained within Internet and technology stocks. It wasn’t fueled by Trillions of central bank monetary inflation. These days, manias are everywhere
I‘m sorry. I know that none of us are supposed to believe the market can ever go down again. I know that we’re in a permanent bull market. And I know that the…
FEEDThe glory days of Moderna and freakishly-named BioNTech appear to be well behind them:
In many countries, consumer prices are rising significantly. Central banks would have the ability to counteract this via monetary policy means – by raising interest rates, thereby restricting access to credit and slowing down value creation. But as see…
Chart
Earlier this week, Pfizer reported its third quarter results, beating top- and bottom-line expectations and raising its guidance for 2021 yet again. The U.S. pharmaceutical giant reported $8.15 billion in net profit on revenue of $24.09 billion for the…
The last 5 day cycle projection I posted yesterday for the ES S&P 500 fugutures was 4690. Updating that this morning, it’s back to 4685, which is being tagged as we speak here at 5:30 AM in New York.
Are they done here?
I doubt it. The …