Today is ideally the 5 day cycle high on the ES. But alas, the waves are regressing toward ever smaller amplitudes as the market triangulates itself toward infinite flatness. The ES would need to end today above 5474 for an upside breakout, or 5455 for a d…
Primary Dealers have reduced their fixed income portfolio hedging at the worst possible time. They are facing a deluge of supply in the months ahead,…
The market averages are bubbling along near the all time high, but all is not well beneath the surface. For the past week I have been noting here that my swing trade screens of around 1300 bigger NYSE and Nadsaq stocks have been revealing way more sell…
The range parameters have held since the last update, and there’s no indication that a breakout is imminent. Here’s what to look (out) for. Non-subscribers click…
Yesterday’s late breakdown from a clear head and shoulders top pattern failed to generate any follow through overnight. Now it has been fully reversed. Such false breakdowns tend to have bullish implications in the short run. That’s tendency, not a gu…
The market is doing its best to get us to go sit it out, but you gotta be in it to win it, so I’m…
Rangebound markets make predicting difficult, especially about the future. However, we look to things like time, the odds favor the upside for the next 2 days or so. The hourly cycle indicators suggest that a 5 day cycle low has formed, and that the ne…
This is a narrowly based rally, that shows no sign that a break is imminent. But it is fragile. Hedging would be ….. Non subscribers…
This is interesting. $65 billion in paydowns with more likely to be announced next week. But look at that festering boil at the end of the month. Just waiting to be popped. How the market will respond depends on how much more cash is coming from T-bill…
Repo data has been an important part of our liquidity analysis for many years. But the data had shortcomings. It showed only the banking system…