Short-term cycles have turned up, but longer cycle projections have already been hit. It’s not a given that those will be exceeded in the near…
Since April, market participants have withdrawn $1.7 trillion from the Fed’s RRP slush fund. That’s the equivalent of $200 billion per month in QE. It doesn’t work via the same channels, but the effect has been similar. There’s still over $800 billion …
The only visible cycle in the hourly chart of the ES, 24 hour S&P futures is on a one day basis. The 3 and 5 day cycles are in trending mode, although a flat down phase would be in order for today. Boring.
4648 is an old spport level. The cen…
Just in time for the holiday rush that will see millions of Americans hit the road, gas prices in the United States continued their downward trend last week. According to the U.S. Energy Information Administration, the national average price of one gal…
One day before today’s CPI release gave us the latest status report on the ongoing fight against inflation, a monthly report from the Federal Reserve Bank of New York showed that Americans are increasingly optimistic about the near-term inflation trend…
It feels like this rally will never end. It’s not moving much, but the direction is still up. And yesterday the ES 24 hour S&P futures hourly chart broke free of a major resistance level, which means that it is now spport. And there’s not much over…
There was a jailbreak in the market on Friday, but this morning, the inmates are trying to get back in for a nice breakfast. Whether they try to run again after breakfast, we’ll just have to see.
The key level to watch on the ES, 24 hour S&P …
The screens generated more buys than sell signals on Friday continuing a string that has lasted many weeks. It came after two days with a…
There are a few reasons to think that the market should top out here. Should and will are two different things and there are more…
And how did the bond market like the news?
It didn’t.