First, this. Why Primary Dealers Net Short Fixed Income Is Now Bad News for Stocks
Now a look at the 4 hour bars for some perspective on just how significant yesterday’s selloff was. This is not a joke.
If this morning’s weakness sticks, the…
Primary Dealers remain net short the bond market, considering both their securities portfolios and futures hedges. That’s a problem, considering not only what’s going on…
Gold is in a 9-12 month cycle down phase that isn’t going down, which is a bullish sign for the longer term. It has re-emerged…
So I open my charts today and see this and say WTF!
On the hourly ES, 24 hour S&P futures, the downtrend is broken, but there’s no handle breakout yet. For that, it probably needs to clear 5500. The conventional measured move target would the…
Several picks got stopped out last week. I am letting the rest ride, with added stops. Non-subscribers click here for access. Technical Trader subscribers click…
The 5 day cycle projection on the ES, 24 hour S&P futures is 5550, with the high ideally due Tuesday. That suggests that the downtrend will be broken today or tomorrow. The conventional measured move target of an hourly close above 5490 would be 55…
But bears shouldn’t get too excited yet. Here’s why. Non subscribers click here to access. Technical Trader subscribers click here to download the complete report. Not…
Oh, my money! How can I lose thee? Let me count the ways.
Gold has pulled back into the base from which it broke out two weeks ago. This cancels the implied target of xxxx-xxxx. All cycles now…
The ES, 24 hour S&P futures shows little sign of a rebound as it challenges support at 5410. At 8:30 AM ET, it was challenging its sharpest downtrend line at 5425. Even if it clears that, there’s more sharply descending trend resistance suggested a…