The rally lives on and cycle projections point higher still, but there are danger signs everywhere. Does that mean we should put on our crash…
Stocks are holding tightly to Friday’s range near the all time highs. At 6:20 AM in New York, the ES, 24 hour S&P futures were trading near the middle of the tiny trading range of the past 3 trading sessions.
The key levels to watch on the dow…
Despite the fact that the Fed is no longer the only driver of the markets in one direction, it still plays a role indirectly. So…
Short-term cycles are opposed. That normally leads to rangebound chop. The longer intermediate cycles also appear to be opposed. The result is a triangle pattern.…
The ES, 24 hour S&P futures are still in a bullish pattern. Higher highs, with the exception of yesterday, so far, and higher lows, although the angle of ascent has decreased sharply. The action is now in a trading range of 4860-4903. We wait for t…
The pick list gained a tad in the past week. It currently shows an average gain of 1.6% on an average holding period of 18…
The ES, 24 hour S&P futures are perched on the edge of a precipice this morning. Will it jump or soar?
The key, initially, looks like 4860. If they break that this morning, then we’re looking at 4850, where a trendline intersects with the NY …
The dealers have gone to an extreme of leverage against their bond positions for the second time since last July. Back then, the extreme lasted…
The dealers have gone to an extreme of leverage against their bond positions for the second time since last July. Back then, the extreme lasted…
Time marches on and so does the market on its upward path. Overnight, the ES 24 hour S&P futures rolled to new high after new high, finally hitting the measured move projection of the high base breakout at 4886. It bumped into an uptrend channel li…