The proof will be in the putting. If they clear 4380 on the hourly ES S&P futures chart, then I’d say good to go.
But they seem to have shifted from a dominant 5 day cycle to 3 day dominant. If that holds, then this cycle has peaked and today…
While there are hopeful signs in the short run, we need to see action on that over the next couple of weeks to avail another…
Even though inflation of consumer prices in the U.S. has stabilized, a year-over-year increase of 4 percent persisted as of May, continuing to put pressure on households. This is despite the fact that the Producer Price Index has been falling almost co…
Regardless of where it is.
I want to rehash a few points here that I made at the end of yesterday’s thread. This was in response to listening to about 10 minutes of an interview with Michael Howell. From those minutes, he at least has a grip on what liquidity is and how it works.
What do interest rates have to do with the stock market? Absolutely nothing!
‘-J. Granville
The crushing weight of record Treasury supply is finally taking its toll on the markets as we enter the last week of June. Net new issuance for the month…
There were several signs of an important top last week, but it’s too early to say whether it will result in a correction or another…
Swing trade stock screens produced 40 charts with multiple buy signals as of the last two trading days of the past week. There were just…
The 5 day cycle may have peaked last night, soon after bottoming. This could signal a shift to short up phases and extended down phases. At the moment it’s too early to be sure. A break of yesterday’s low would confirm. If there’s no break, the next mo…
The market has been drifting lower for 3 days. The constant dripping has now reached critical trend support at 4352. Will it hold? The 5 day cycle projection is final at 4360. But if this does not hold, then we could see a drop to the next support leve…
Builders apparently put a lot of shovels in the ground last month. It’s a muddy picture, tangential, but since everyone is interested in housing, I decided to take a look, pursuant to this dicsuction that arose yesterday.
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