in a sense Wall Street is lost, they have been playing in artificial markets for so long that they don’t know what a real market looks like. The numbers that are coming out of the economy have everybody on Wall…Continue Reading →
I am not looking for a Christmas Rally, I am looking for the SPX to support in the current 3830 to 4130 catch area, 3930 yesterday put us in the heart of it. From this level a move higher with…Continue Reading →
This is what we have been awaiting, a confirmation of the May 11 to October 14 fundamental support, a technical confirmation of the 2022 stock market bottom. We got it today on the close, our algo turned bullish. You may…Continue Reading →
As the economic backstory changes, the market and its traders are rather uncomfortable with the parameters that are evolving. Labor strength is holding, grass roots industrial basics are holding, but where everyone has parked their money, the consumer Fang stock…Continue Reading →
Inequality is finally getting the fix working. Employment and wages are strong. The inflation story will work itself out. Algo Model is signaling a buy on the NASDAQ 100 this morning.
Some late thoughts today. To me it is refreshing to see the stocks of Snowflake, CrowdStrike, Meta, Apple, and Salesforce get taken behind the woodshed and get a little common sense. Now the markets can get started in dealing with…Continue Reading →