We’re in the kind of runaway move that harkens back to the old days when gold was a popular investment. The 9-12 month cycle projection…
And now it is flying blind, without much clue as to today’s direction. The ES, 24 hour S&P futures are in a tight triangle with an apex right at 5200 later today. One way or another, it will break out of the triangle today. We can say for certain …
I apologize for the late posting! The report was written over the weekend but inadvertently not uploaded. Performance slipped yesterday but no stops were hit.…
What else should we expect?
For moron the markets, see:
Banking Data Says This Is Last Hurrah for Stocks April 3, 2024
Gold Goes Space Needle April 1, 2024
The End Is Not Nigh Ma…
Headline Corrected The market pulled back to the bottom of projected cycle channels last week. A decline would signal that those channels are beginning to…
Withholding tax collections looked very strong for March, at first glance. But there was a one day anomaly in the data that skewed the monthly…
All eyes on the 5163-5170 band of resistance 5163-5170 on the ES, 24 hour S&P futures hourly chart. If cleared it could be the start of a genuine half day rebound. But they’d face still more resistance at 5178-5187 in the NY opening hour. Clearing…
They broke yesterday’s uptrend channel late in the day. Oh, wait a minute. That’s all it took to recover from what had been a big break. Now at 6 AM in New York, the ES 24 hour S&P hourly futures chart shows the index trundling upward along the cen…
The Fed’s weekly real time balance sheet data and its slightly lagged data on the condition of the US banking system have flashed warning signs…
That’s right, storps fans. Stocks can go up AND down, as the last two days have shown. However, with the market now being flooded with cash from T-bill paydowns every couple of days, don’t expect much more downside for the time being. It was fun while …