Bulletin- Fed Cuts QT by $35 billion per month. This is irrelevant and immaterial in the face of the mushrooming Treasury supply ahead. Read on!…
Anytime oscillators hang around the zero line, the next move is likely to be explosive when they finally break away, one way or the other.
Yesterday I warned about that and, “Sho Nuff” when the broke the zero line, down they went.
Now we h…
Today. And tomorrow. Which is when we’ll get the noncement and the dog and pony show. The market will react, and in the days after, as always, we’ll get the Fed Resubstantiation Rally.
For now, it looks set up to go… drumroll please…
T…
Just like lumber did a few years ago, Cocoa was thrust into the news for being so incredibly expensive. Once everyone was chattering about it, it cratered with a record fall.
I will start with the 2 hour bars of the ES 24 hour S&P futures, just to give you some perspective of what a beautiful bottom we’ve just come through. It has a conventional measured move target of 5250.
But wait, is that a little rounded top …
The screens continue to produce slim pickings. I’m adding just 3 buys and no shorts to the list this week. Including these new picks, that…
Two weeks ago, the market came to the brink of disaster. Last week, it walked away from that line. Now it’s poised to go much…
That was cute. All of the market’s gains came in a nanosecond after the closing bell last night. But they were prepping for it. The dealers had a heads up and shook the trees early in the day to gather the low hanging fruit to add to their inventories….
But will it stay that way. The uptrend is intact on the ES 24 hour S&P futures, but so is a little downtrend. Today, they’ll battle it out.
The uptrend line to watch rises from 5037 to 5048 from 5 AM NY time to the NY close at 4 PM. If that h…
The 5 day cycle projection on the ES 24 hour S&P futures is now around 5150. It looks like a better than even bet. At 5083, it’s already more than 5050, right?
The conventional measured move target of this rounded bottom base breakout is arou…