9:00 AM CST Post This morning in early trade we are seeing the continuation of the Russell gaining on the Nasdaq 100 with the all-important 0.1224 level being breached on the ratio. More importantly is what is shaping up on…Continue Reading →
A contrarian Technical view. Here is the chart of the China ETF MCHI. This week we are seeing a decline towards the lows of the week of October 24, 2023. Yet, the RSI based on weekly data is at today…Continue Reading →
We should see the breakout show itself soon, maybe have to wait until after Christmas, maybe tomorrow. What we are talking about is the breakout of the Russell / Nasdaq 100 ratio and the level of 0.1224 as being the…Continue Reading →
This week we are seeing many stock patterns falling into place, majority on the bullish side, just in different stages as the lift-off level approaches. The most encouraging aspect, the really strong pattern stocks are still not being talked about…Continue Reading →
Other than the parts of the market that have been ignored, are now trading at a higher price. Over the weekend it actually seems like there are more unbelievers spouting their negative thoughts. So we may have a pause or…Continue Reading →
A shout out to President Joe Biden and the low profile Bidenomics approach that has given us this solid economy. He didn’t need to threaten the Fed or cut corporate taxes like Trump did to get the job done. Now…Continue Reading →
I think you can set aside the soft and hard landing talk. We are still in the early stage of this flight may even go to a higher altitude than earlier anticipated. You can also probably ignore the melt up…Continue Reading →
As the markets and all involved sit around today to see what the Powell and the FED are going to say it may be a good time to ponder a few things. As we have been saying since the beginning…Continue Reading →
Traders like to talk about hated moves. but we are in the midst of maybe one of the least understood, and by definition then most hated bull moves in a long time. To me, a likely explanation is that eleven…Continue Reading →
My take on interest rates after this morning’s labor report. The effects of growth, no recession, are going to keep the average rate chart level, (average of 30Y+10Y+5Y+2y) in a 4.18 to 4.82 % range. See chart here, sweet spot…Continue Reading →