While progress in the fight against inflation has stalled in the past 12 months, the inflation rate has come down significantly from its peak in June 2022. Looking at the steep decline of the inflation rate since then and hearing the talk about inflati…
I recognized at the end of May that there would probably be no June swoon. There are still more than two weeks left in the month, but so far, so good. The 5 hour bar chart of the ES shows an orderly bull move that still appears to have some juice.
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The market relentlessly pounds away at etching new highs in the stone overhead. Meanwhile the FOMCircus has come to town. We await ringmaster’s Jay’s Wall Street media freak show main event at 2:30 PM. What a bunch of clowns and ass kissing turds. I…
It’s a yawn not only because it’s boring, but because it’s another bullish setup. Bears need ES below 5339 at the NY open and/or below 5325 to have any semblance of any shot of any chance, of getting even a short term reversal out of this deadly dull m…
List performance was poor last week despite being overwhelmingly long, consistent with the market. It might just be a matter of requiring a little patience,…
The cycle setup is bullish for a few more weeks. That’s consistent with bullish liquidity over the same period. Here are the resistance levels and…
Today’s selloff creates the potential for the development of an ugly top pattern if… Non-subscribers click here for access. Subscribers, click here to download the…
Withholding tax collections boomed in May. Consequently, the US Treasury is flush with cash. This means that T-bill paydowns are likely to hit my previous…
The market successfully lifted off the launchpad yesterday and has established orbit. The 5350 level now looms large on the ES. It was the May 23 high, and is also a trend spport convergence level this morning. If it holds above that, the sky is the fl…
The ES was making a triangle yesterday. It broke out, but then stalled. Now the pattern has morphed into a launchpad with a 5 day cycle projection of 5325. Resistance is indicated 5320-25, and a little later in the afternoon around 5340. Clearing 530…