The factors we outlined yesterday are in play. The Bulls are showing their long term cards in terms of their lack of patience and fear of missing a bottom. That provides short term volatility and weakens the prospect of sustaining…Continue Reading →
Key Points on the Micro Situation.. We have not seen a Panic Blowout to the downside, yet, and.. A 38 percent upside Fibonacci Bounce to 2570 area on the S&P is possible before the blowout.. That leaves a swing point…Continue Reading →
And That IS.. A close below 1812 on the S&P. That is the low for September 2015 and is supposed to be, for Long Term Macro Cycle Traders, the “no touch” point for the up move that started in 2009….Continue Reading →
Current Talk The past week we have heard a lot about where the bottom in the market will occur. That is an important factor in the “Bull” scenario, i.e. “where to buy”. that is much more important to a Bull…Continue Reading →
The Line is 2511 on the S&P. That was the high of the S&P prior to the time when the Trump Tax Cut Euphoria started. The fact that the tax cut for the top 10 % brought a big increase…Continue Reading →
Why no big inflation? There is a lot of lamenting the fact that we have not seen much inflation since the 2008 Crash and the FED should not be raising rates. I would point out three things: You have to…Continue Reading →
What does this mean ? There should be plenty of selling and trading opportunities as most traders and investors key off micro events. For the S&P, runups to the 2625 area are probable, and maybe even more to the 2675…Continue Reading →
Today we have seen the first major confirmation of the Anticipated Top which was signaled on January 26, 2018. Does one sell here, that is up to you? We do believe that the first plateau on the way down will…Continue Reading →
What are investors thinking about.. A. We hear about big outflows from stocks, yet the market just sits here at levels that it has been playing with 7 times in the past 13 months, last November 2017, last February,…Continue Reading →
The F-3 Fracture numbers continue to hover around the zero line. Here are the last five days.. 12/05 8.370 12/06 11.143 12/07 7.814 12/10 1.332 12/11 3.379 The yield curve is…Continue Reading →