An overnight melt-up wiped out 3/4 of yesterday’s late selloff. European hedge funds and other assorted algos covered shorts and set up more hedges. Now what? Nobody knows, least of all me.
Technically, the ES 24 hour S&P futures have a 5 da…
First,
Beware of Bear Market Crash Potential
LEE ADLER 2 – TECHNICAL TRADER OCTOBER 23, 2023
Technical signs of an intermediate bottom forming have broken, and cycle projections now point lower. Multiple failed buy signals m…
Technical signs of an intermediate bottom forming have broken, and cycle projections now point lower. Multiple failed buy signals mean that the market is currently…
The screens generated far more sells than buys last week, needless to say. There were 133 final sell signals and just 17 buys. Of those…
People make all kinds of statements about the market with not a shred of evidence in support of those statements, because they read it on the internets. Yes, Virginia, if you saw it in the media it must be true.
Not.
The media is…
It’s such a momentous thing that I will lead off with it today. The bellwether 10 year Treasury Yield hit 4.98 this morning and still looks poised to go much higher. There’s an intermediate cycle projection of 5.35.
I turned bearish on bonds way …
The market has flipped and flopped wildly since October 10, like a fish out of water. Which way it goes next is anybody’s guess. But it has successfully digested a deluge of Treasury supply over the past couple of days and stocks haven’t buckled. There…
Thanks to problems with my Windoze operating system, this will be an interim update, just for existing picks. I hope to have the operating system…
A stalled, messy, rangebound market leaves a chopped up chart picture on the ES 24 hour S&P futures. But a 5 day cycle projection points to 4400. So I have both longs and shorts in my trading port today. Of course I expect to profit from neither. T…
Events have triggered a turn in gold. Here’s why it’s likely to stick, and for how long, and how far. Non-subscribers click here for…