I have been meaning for weeks to hunt for correlations in the data between bank loans to shadow banks and stock prices, and between bank…
Money rates are now slightly positive to consumer inflation. Historically they’ve reached punitive levels before the market turned. In other words, monetary policy is not…
OK, I keed. I keed.
We got the little 3 day cycle pullback into what should be the low of that cycle right now. But whether the 5 day cycle has also topped out isn’t yet clear. It depends on what happens between 7:20 and 9:30 AM ET.
The pul…
It’s like all this guessing about when the next recession will be. Why bother. It’s a joke. We don’t know when the next recession will be and neither do that. We don’t know when and where the top will be either. We can guess, but what’s the point. Trad…
But I’m not worried any more. If the ES 24 hour S&P futures has an hourly close below 4505 this morning, then we can talk. For now, this looks like just another consolidation pending another breakout. Because the Fed’s slush RRP fund is working.
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The initial upside projection on the 13 week cycle has been hit but I don’t think that this is the last word. This report shows…
I’m adding 5 shorts to the list, against 3 buys. Swing trade stock screens produced 106 charts with multiple buy signals as of the last…
Or Baby Head and Shoulders.
Methinks it’s a wee bit too obvious as it has played out over the past couple of days on the ES, 24 hour S&P futures. The neckline is downsloping. The ES would need to have an hourly close below 4495 to then have a…
I keep looking for meaningful signs of weakness, but it’s like grasping at straws. Even Friday’s downtick didn’t change that. This report shows exactly why…
The private money and credit creation process and the resulting bull market in stocks is at loggerheads with the Fed’s policy of shrinking the balance…