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.
To correlate, or not to correlate, that is the question.
Originally posted at Capitalstool. My daily swing trade screens of roughly 1300 actively traded stocks trading above $6 did not make a third day in…
In this infographic, we list the 15 most shorted stocks in the U.S. in the Fall of 2023, ranked by the value of their short interest.
Two pictures are worth a thousand words. Ladies and germs, I present two perspectives on the hourly ES, 24 hour S&P 500 fucutures covering the past 2 1/2 weeks.
I report, you decide.
Perspective number one.
Perspective numbe…