The ES needs to be below 5562 at the NY open, and 5575 at the close to break the current iteration of the uptrend. That’s just to break the proximate trend, not to signal a top, let alone a downside reversal. First things first.
Failing that, it …
DVP (Delivery versus payment) Repo, which is the bulk of the repo market, made a new high last week, supporting a bullish trend in stocks.…
So I looked at my phone this morning and I saw that the market was pulling back. Opened my computer to give you the usual morning update and this is what I saw.
I wondered if it was a sign. So I waited.
And I waited some more.
A…
Whereas, in the course of human events… Non-subscribers, click here for access. Subscribers, click here to download the report. Wait! Who starts a report with “Whereas!”…
Whereas, in the course of human events… Non-subscribers, click here for access. Subscribers, click here to download the report. Wait! Who starts a report with “Whereas!”…
Yes, that’s right stocks fans. They’re lined up at the starting gate ready to run again. The 5 day cycle projection on the ES now looks 5475-85. The first support line rises to 5470 at the New York close. They gotta break that to begin to break the upt…
Today, I’m on a train again, sort of like the market. Chugga chugga choo choo. I’ll check in when connections are available.
I will also work on a Liquidity Trader Money Trends update. On the Treasury supply front at least, there’s nothing to stop…
The ES futures made a new rally high at 3 AM ET, then pulled back. The high was accompanied by a negative divergence in hourly oscillators. However, that isn’t always meaningful. It would only be so if both the market averages and the indicators break …
The signals suggest that we caught an important turn here. On Friday, 534 short term buy signals and 133 short-term sell signals triggered, out of…
Yes it ticks me off. I had been warning about the buildup of leverage for months. Now that the inevitable unwinding has begun we’re starting to see the usual after the fact explanations. Where were the @WSJ and @CNBC when these problems were building u…
