How far can this rally go? Should we be locking in some gains? That’s a paraphrase of questions I’ve been getting from clients recently. It does seem as if the stock market goes up every day and with all the ups and downs of the last few years, it is natural to wonder if we’re […]
Withholding tax collections soared in February to their highest level in 13 months. If this is not just a flash in the pan or data…
Based on Thursday’s closing prices, the swing trade screens generated 57 charts which met all buy side criteria for visual review, and 75 which met…
The ES 24 hour S&P futures hit their 2-3 day cycle projection of 5105 overnight and promptly got whacked. But lest you, my bear friends, get too emboldened, the pattern will still be bullish, unless and until they break spport lines at 5080, 5075, …
Yesterday, I speculated that the ES, 24 hour S&P futures might trade in a 5050-80 range. That’s pretty much what has happened in the past 24 hours with the exception of a brief foray a few points above 5080. So far, this looks like a benign consoli…
The action of the last two days in the ES, 24 hour S&P futures, looks like an orderly consolidation so far. There’s still a 5 day cycle projection of 5050 hanging out there, and a cycle low isn’t ideally due until Wednesday. That said, the hourly o…
Neither the Fed’s weekly real time balance sheet data, nor its slightly lagged data on the condition of the US banking system yet shows any…
That’s right, former bears. Today is the day you either come back to life, or remain zombies consigned to market purgatory, wandering aimlessly in the desert, bereft of leadership, or hope, or reason. Praise Jaysus.
And so, we turn to the hourly …
If the rally doesn’t stop right here, it will head for multiple targets over the next few months. Here are those targets and ideal timing. Non…
Nvidia reported earnings last week and they were, to be sober about it, incredible. The question for anyone who owns the stock or is considering owning it, is not what did it do in the past but, rather, what might it do in the future.