Joe will go, but the market won’t go with him. Political events, no matter how much of a watershed they represent, do to cause trend…
The only thing keeping the market afloat is the willingness of big market participants to take on leverage to continue buying stocks and bonds. Increasingly…
What happens in yesterday, stays in yesterday. In the pre market this morning, 3 days of gains have been wiped out, and the 5 day cycle projection points to 5485. If this breaks 5605, the conventional measured move target would be 5455. What’s it all …
Gold chose the high base option. With the breakout, the initial target is xxxx. The cycle chart indicates potential resistance at xxxx with room to…
The hourly chart of the ES has that launchpad look again. It needs to close below 5622 today for us to even start thinking about a reversal. Meanwhile, there’s a 5 day cycle projection of 5695. There may be some resistance at 5655 and 5667.
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Last week 404 short term buy signals and 204 sell signals triggered, out of the 1454 stocks that met minimum price and volume criteria. This…
Cycle projections had pointed to a strong market this summer, but this is ridiculous. Here’s what they’re telling us now. Is it “Get on board…
Everywhere you look on the ES hourly chart, nothing but uptrend channels. The 5 day cycle projection now points to 5660-65. Sell signals have been meaningless on the hourly oscillators. I would not even think of potential reversal unless the ES is belo…
The combination of market sentiment that has gone insane and the coming deluge of Treasury supply have rendered the financial markets increasingly fragile. At the…
The pattern that has formed since April could be either a top or a consolidation. A rollover below xxxx would keep alive the top option.…