Exited Short Hedges
Early this morning, the 3X Short SQQQ ETF. Update at 1:00 PMCST SPX 4662.7 remains the critical level. That is the low of the high week, a close over that puts the market back in the Funny Money Bubble. Market…Continue Reading →
Archive for February 2022
Inflation is not Powell’s main Concern..
He is more concerned that if he does really do something meaningful with his mistake on the quantity and extent of the stimulus he will replace Hoover as the worst depression villain of all time. The recent push by market…Continue Reading →
Getting Set for a Hot CPI
Tuesday, still awaiting Thursday’s CPI numbers which should be scary, but we all know that. How does one stage out of this area? We start with the fact that the FED is reluctant to do anything aggressive, like a 0.75…Continue Reading →
Time to ReThink the Fed
First a comment on the coming week. All eyes will be on the inflation reports later in the week. Those reports combined with what we see in the constant refrain from mainstream media on the coming 5 or 7 interest…Continue Reading →
Funny Money Update
with post employment number update at 10:00 CST With the SPX run-up this week moving into the 4550-4650 resistance area, we will be watching closely how it acts here. If the SPX does not breach the 4662 level on a…Continue Reading →
Modestly Negative
Basis our late post yesterday we are a little short within a trading bottom formation. The range for SPX that we mentioned yesterday, 4450-4650 is still in play. We will be pulling the short leg of our trade when SPX…Continue Reading →
A too Timid Fed, with late update
I believe we are about to see what happens when a Too Aggressive Fed Stimulus meets a Too Timid Fed reaction in terms of the Fed Balance Sheet. This is set to be a fascinating scenario, so much so that…Continue Reading →
Trade Bottom and Envelope
The last two days have defined the trade bottom for the first stage of deflating the Market Bubble, basically the area between 4222 and 4525 on the S&P. It is interesting that the volume was lackluster during that big move,…Continue Reading →