The cycle layout suggests that there’s only x-x% upside left in this move. Non subscribers click here to access. Technical Trader subscribers click here to…
It’s incredible what a mess central bankers have made of things.
I bagan forecasting this two months ago when I became aware of the enormous, record hedge fund short position in the 10 yea prior to the suspension of the debt ceiling in June. I warned that the markets would crack if yields started moving higher, as I…
Today, I have arrived in Rothenburg ob der Tauber, supposedly the most beautiful village in Germany.
We’ll see.
Meanwhile, the stock market has had another breakout. This time from a high base built over the past 5 days. It’s another bottom…
The latest estimates from the International Monetary Fund (IMF) indicate that globally, economic growth is expected to slow to the end of 2024. Representing a slightly more optimistic view than that offered in April – plus 0.2 points for 2023 – the IMF…
The cloud services business has been lucrative for some time. Microsoft and Amazon alone each generated around $80 billion in calendar year 2022 with products such as Azure and Amazon Web Services (AWS). Although Google’s cloud division was partly resp…
The International Monetary Fund (IMF) predicts that most of the world’s major economies will see growth, except for Germany, which is now forecast to do worse than in the last report from April 2023. According to the latest July estimates, real gross d…
No change from last week’s comments for the metal, The mining stocks are also quiet. I chose to sit tight with the 6 longs on…
I’m adding 2 shorts to the list, against 0 buys. With 19 longs already on the list, and the uptrend aging, I’m reluctant to add…
We merely need an hourly close below 4550 to create a lower high on the chart of the ES 24 S&P hour futures. On the other hand, a move above 4565 would have a conventional measured move implication of 4595.
Sigh.
Right now, we appear to …