Mid-Day read…

11:00 AM CDT

The manipulated bull move is unfolding. The earlier mentioned lows in the March 29-30 time period are being acknowledged. Market is still in the twitchy area, people are very short-term focused, buying in packs, not so much thinking long-term. That is ok for this stage. Probably the most important thing today is that there is more and more indication that the hyper-inflation story is not being bought. This is supported by rate direction softness in the 10 to 30 year part of the curve.

The other thing is, it should be apparent that gold and silver in this part of the cycle are things that are a waste of time and energy. They will come back into play, probably late this year.

One other thing for the crypto dreamers. there are signs that they are coming out of shell shock and will try a enthusiastic rally over the next few months, it won’t be anything to write home about however, as for the most part most players now realize that crypto has zero real value and is not responsive in a crisis.

Later Update at 1:45 PM CDT

The Climate Tech Model just signaled that a couple of prominent ETF’s that are part of its algo, SOXL and TECL have entered overvalued price levels. No doubt due to the pack effect of everybody wanting to be in the safe zone as a major market breakout approaches.

And one more thing,

Watching everything unfold over the past 15 months, my view, is that to compete in this market it seems you need to have an approach that has intuitive triggers built in to trade Trump Rhetoric. Be one day ahead of the market maker, use psychological logic based technicals in your models. A big thing that I learned in ten years of being a trader on the Chicago Mercantile Exchange, is being very aware of the noise level. It tells one a lot, both high levels and utter silence. Both indicate something significant is about to happen, you just have to use your tools to take advantage of that moment.