The ES fucutures made a new high for the current 5 day rally over night, but it has since pulled back. The hourly oscillators have made nice negative divergences. Not that there’s anything wrong with that. Usually its just the market jerking off the be…
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.
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
Here is the metals and mining ETF, which has demonstrated its overhead supply by way of that upper horizontal line: As you can see from many years of data, this instrument definitely has the ability to top and fall. As the ratio chart below suggest…
This ratio chart suggests to me that gold is finally going to take some of the verve out of the cryp-verse.
What if our commoditized, financialized definition of wealth reflects a staggering poverty of culture, spirit, wisdom, practicality and common sense?
Up-to-date chart of RYT (tech equities) divided by IEF (the 10-year bond yield). This goes back thirteen years, and it strongly suggests lower equities, higher interest rates, or a combination of both, for the next few years.
It was a rather glaring warning. Yet it was, of course, taken as just another buying opportunity – a rather easy one at that. It seems to only get easier.
The market peaked yesterday afternoon around 2 PM at 4458 on the ES S&P futures. In the short short run, it was a higher high. But in the longer short run, since the September 6 high, it was a lower high.
So is the short term trend bullish or…
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.