The market has yet to show the capacity to decline meaningfully.
When will it end?
A 3 day cycle low is due this morning. There’s no buy signal yet, but clearing 4196 would be the trigger for a move to test the high at 4214.
I’d be more bullish if this were a 5 day cycle low juncture. But that’s not ideal…
Stocks continue to wander aimlessly within a very weak apparent uptrend. A breakout is not a given. Nor is a downturn. We’ll keep an eye…
The bottom line: Global financial conditions remain loose. This has been good news so far for risk assets; not so much for containing inflation.
Gold has apparently entered a 9-12 month cycle down phase, which should remain flat. But it isn’t due to bottom until June 21 at the…
In 2021, China produced almost 500,000 tons of natural honey, according to the United Nations’ Food and Agriculture Organization (FAO). Even though its natural properties are being contested by several national and intranational watchdogs scanning for …
I have been warning Technical Trader subscribers about the likelihood that this is a cyclical bull market since Q4 of last year when cycle analysis suggested that a 4 year cycle low was due. And I think that we got proof of it yesterday when we saw a n…
CUSIP: 912797FC6Term and Type: 156-Day BillCMB: YesHigh Rate: 5.230%Investment Rate: 5.440%Price: $97.733667Allotted at High: 92.10%Total Tendered: $108,156,938,000Total Accepted: $45,000,038,000Auction Date: 05/18/2023Issue Date: 05/23/2023Maturity Da…
I don’t know the answer for sure, but I don’t think so.
Meanwhile, back at the hourly chart the the ES 24 hour S&P fugutures, we have another minor new high in this up phase. They’re pulling back, but probably needs to be below 4157 by noon i…
Swing trade stock screens produced 57 charts with multiple buy signals as of the last two trading days of the past week. Five of those…
