That’s right spport fans. There’s a downtrend channel on the hourly chart of the ES, 24 hour S&P futures. But catch it while you can. The top of the channel will be at 5162 as of the 9 AM tick in New Yak. That descends to 5155 at 4 PM when the boyz…
Yesterday’s little launchpad fire on the ES, 24 hour S&P futures has been fully extinguished, and the pad has been rebuilt. The rocket engines are intact, and a new 5 day cycle buy signal has initiated the countdown to liftoff. The 5 day cycle proj…
Here are the banks with the highest concentration of commercial real estate loans as the sector faces mounting pressures.
Thanks to Mr. Softee, another Windows update has set me back this morning by at least 90 minutes, making it impossible to do the work that I had planned for today. My chart program won’t open. My trader workstation won’t open, and I was finally able to…
The Fed’s weekly real time balance sheet data and its slightly lagged data on the condition of the US banking system are inching closer to…
Higher lows and higher hize, gize.
But keep an eye on 5130 as of 8 AM in NY. That looks to be trend spport. If it breaks they could settle into a range with the next spport line around 5105 turday.
But if 5130 holds this morning, the next t…
This graphic shows the 20 largest U.S. banks by assets, and their exposure to commercial real estate as a percentage of total loans.
A market in the stratosphere is flying blind, with no cycle projections in either direction. So how do we know whether a stall might be…
U.S. credit cardholders collectively spent $15 billion on late fees in 2022 – officially surpassing pre-pandemic levels again. This will likely change significantly from 2024, however, as the Biden Administration has capped most types of these payments…
Here’s a chart of it.
And another.
But here, we concern ourselves with the mundane day to day.
And the question at hand is whether we get the 4 day version of the 5 day cycle and bottom this morning, or is there one more d…