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 …
The 9-12 month cycle projection has risen to xxxx as the cycle got a second wind. The high is due by xxxx xx. The 13-week…
Europe is on holiday today, so it’s kind of quiet, but of course US stocks start the week on an up note. What else is new?
The ES 24 hour S&P futures made a new high overnight. They’re pulling back in the 7-8 AM hour, with trend support upcomi…
The screens found 384 total buys and 238 total sells last week. Among those were 26 short term buy signals and 15 short term sell…
There’s no sign of meaningful downside from the cycle picture, even though a late 6-month cycle down phase remains a possibility. Here’s what to look…
There are no more operative red channels on the hourly chart of the ES 24 hour S&P futures. That means the only thing to stop a rally will be uptrending resistance or loss of demand momentum. A 5 day cycle projection suggests that that’s likely aro…
We will test that maxim in the 7-8 AM hour in New York as the ES 24 hour S&P futures run into a trend resistance convergence at 5233. If they clear that little obstacle, there will be immediate running room to 5250.
If they don’t clear it, the…
Just three countries accounted for 40% of global oil production last year.