Over the next 10 days, a lot is going to fall in place. First, we have the FED meeting which should have few surprises, another 0.75 hike in the FED funds rate, to get it in line with market forecasts….Continue Reading →
Archive for October 2022
Here is the chart of the dollar. The red area was the resistance target that I outlined in early 2021.
The topping out of the dollar is the most important thing that has occurred over the past couple of weeks. This is due to a realization of the damage the FED was doing to the global economy. Update here of…Continue Reading →
Here is the weekly chart from yesterday with appropriate 10 week and 20 week moving averages.
At this point in the process there is probably only one chart I am going to be focused. It is simply an index made up of S&P, 2 yr bonds, and the short dollar ETF. Obviously, the majority of the…Continue Reading →
Keep in mind that all of the 2022 market action to date is because the FED is trying to correct a mistake they made, not a problem in the economy. Consumer demand generally remains solid, supply has been the problem.
“Instability” is Jerome Powells middle name. Over the past two years I have repeatedly pointed out that on August 10, 2020, the FED had the information that told them to stop QE. Now on September 27, 2022, they had the…Continue Reading →
The retest of the June lows has been messy, but was probably to be expected as 11 years of artificial markets are seeing their sunset. During the bottoming process, which started on May 11th, market players have not been looking…Continue Reading →
Let’s talk about the elephant in the FED meeting room. 2 % inflation is not a realistic goal, they will be happy if they get it down to 3.5 %. And what is really going to happen is that the…Continue Reading →
I like to tie technical analysis to evolving starting points, simply because that is how you get meaningful information. Over the past couple of years here are the timing marks that I see as key. Bubble start point 8/7/20 Bubble…Continue Reading →