As wild short term volatility chews up swing traders and spits them out, the market averages remain in an uptrend, and look poised to move…
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.
It was hard not to hear about cryptocurrencies last week what with the bear market and all. Actually, you can make the case that bitcoin has had two bear markets since mid-April. There was a 27% decline followed by a 27% rally, followed by last week’s rout. From its intraday peak in April to its intraday […]
List performance degraded last week, with the average gain dropping to +2.5% on an average holding period of 12 days. That includes open picks and those that triggered stops during the week. Remaining picks are shaky. I have tightened stops.
This table summarizes recent list performance.
Every time there’s a critical problem in the banking system due to banker malfeasance, the Fed steps in to paper it over and reward the…
Single Family Home Prices in the United States increased to 341600 USD in April from 329100 USD in March of 2021. Single Family Home Prices in the United States averaged 124908.44 USD from 1968 until 2021, reaching an all time high of 341600 USD in Apr…
We can also posit a general rule that those who inherit wealth and succumb to FOMO are eventually less wealthy while those who are wealthy and take a pass on FOMO / hoarding at the top of the manic frenzy increase their wealth.
Looking at cycle projections a bit shorter today, the 6 month cycle projection comes to about 36,000. That’s done. Yesterday, I showed that the…
Bulls won yesterday’s screen game by 59 to 6. That includes 4 sell signals on inverse ETFs counted as bullish. That’s a huge margin, second recently only to the 153 to 6 bull stampede last Friday, which suggested a new bull swing phase.
Hey! I don’t manipulate or argue with the numbers. They are what they are. Disbelieve them at your own risk.
5 day cycle indicators have gone to the sell side here in the wee hours in New Yak, but the 5 day cycle projection still points to 4195. That’s a little lower than yesterday’s late projection, but still well above the highs of this rebound. I wouldn’t …