The hourly chart of the ES fucutures is as wedged out as you can get. Over the next couple of hours, before New York opens, it will either break down or break out. The 5 day cycle projection now points to 3510-15, so from that perspective, the odds fav…
And so we face the ultimate irony: ‘bailing-out-everything’ destroys the entire rotten system.
Scheduled liquidity data has told us for a couple of months that October would be bullish. That played out like a charm in terms of the technical analysis last week. We also know that liquidity only gets more bullish this week. The technical picture confirms that outlook. We must give the bullish factors the benefit of the doubt.
My stock pick screens confirm that. I’m adding 7 picks from those screens this week, 5 long and 2 short. That will leave 13 open picks, including 11 longs, and the 2 new shorts.
At least for now, for the markets its Weirder the better.
China’s Caixin Composite PMI came down a little bit in the month of September 2020. According to the latest update, the country’s manufacturing sector index declined by a small amount while services accelerated only modestly. Combined, the manufacturing side worked out to contribute more to the composite than services, so the score for last month […]
We are woefully unprepared for a long run of bad luck.
UK monthly GDP continues to recover after having experienced the biggest dip on record in April when the measure was down 19.5 percent compared with March. Between July and August, GDP in the UK rose for the fourth consecutive month but the pace has sl…
According to website CoinMarketCap, all bitcoins in the world were worth around 202 billion U.S. dollars as of October 9, 2020 – more than five times as much as those of the next biggest crypto currency, Ethereum. But Bitcoin used to be worth even more…
The EU and Schengen area countries reopening to travelers from outside their borders amid the ongoing COVID-19 pandemic on July 1. Out of 14 countries initially named, ten remain on the list of places from which residents can enter the EU again, with C…
During the vice presidential debate on Wednesday, Republican incumbent Mike Pence claimed that there are no more hurricanes today than there were 100 years ago. Is this true? Only partly, as our graphic shows: While the number of hurricanes varies from…