5 hour bars on the ES 24 hour S&P futures show the market to be extended here to the level where previous minor tops have formed. The market has also reached a major resistance area.
So where to from here? Straight down today? Lately the…
List performance came back to earth last week after 3 months of strong gains. Including picks still open at the end of the week, plus…
More proof is needed before we can relax in the view that a 6-month cycle up phase has begun. A strong up day could get…
The ES, 24 hour S&P futures is crawling up along an uptrend channel line this morning. The line runs from 5140 at 8 AM ET to around 5170 at the NY close. They’d need to break that for starters to even think about starting a top pattern. Otherwise, …
Forget the modest increase in jobs reported by the BLS. Withholding tax collections were strong in April. The US Treasury is flush with more cash…
Powell is a dove. That was likely settled for good Wednesday. There was justification for market expectations of a more hawkish FOMC and Chair. Inflation has been sticky, and the current trajectory unclear. It’s a leap of faith today to believe inflation is moving to the Fed’s 2% target.
Ahead of Apple’s latest earnings report, the company found itself in an unfamiliar situation. While shareholders, investors and analysts usually expect nothing but the best from arguably the most successful company of the past decade, expectations were…
Gold is due for a rally, but not much more. Yet. And that’s ok. Non-subscribers click here for access. Subscribers, click here to download the report.…
We all know that Wall Street is really a circus. So are we under the big top?
Hard to say, but if it rolls over today, maybe.
And if not, well, a breakout through 5096 would suggest higher prices ahead. The 5 day cycle projection says 5135-…
The finger has been fully inserted. The bull/bear prostate exam is complete. The question is, who survived the experience and who didn’t.
The chart pattern on the ES 24 hour S&P futures is stunning in its incoherence. At least the hourly cyc…