As the market sets on its hands letting the trifecta play out, The House Republican game.. The Fed Overkill game.. And the final try at a bear market by all the players who missed the 2022-23 market bottom develop. It…Continue Reading →
Back in May of 2021 this is the chart forecast we put out on bonds. see red circle. We got to that level the first time when stocks bottomed in October 2022 and now we are retesting. You can decide…Continue Reading →
The markets have been treacherous since the short term trading top that we cited back when it happened on July 23. Since then we saw a sell-off into August 18, then a trading rally, and now a sell-off back into…Continue Reading →
Other than for current prices, three dates stand out to me in terms of important dates for the current equation, those are: 8/03/2020, the start of the Covid Bubble. 8/30/2021, the start of the Covid Bubble Top. 6/06/2022, the start…Continue Reading →
The market is broadening out and completing a base, while investor enthusiasm and participation is at historical lows. Where is everybody?
Soft payroll numbers only push Bears to cover, they are not bullish. The trends did turn up yesterday, but wait a bit before becoming an aggressive buyer for the next wave. But here are my macro thoughts at the moment……Continue Reading →
Repeating our summary from Monday’s post: So, we are locked into long term bullishness and short term bearishness from a trading standpoint. We will let you know when both time frames coincide, but for now the Climate Tech Model is…Continue Reading →
With Jackson Hole now history, what is front and center now? The quick answer for me is to watch the chart of stock prices net of the negatives, which to our Climate Tech Model include: 1) average market interest rates,…Continue Reading →
On July 27th our Climate Tech Model hedged it’s positions by selling out its RUT and Chip stocks and bought market short positions through the SQQQ and SPXS Short ETF’s. I have to say I am amazed at how well…Continue Reading →
The Market seems to be fascinated with talk of a new normal. How about this one. Ackman has his play half right. Long rates are where the upward pressure lies, as the 30-05 curve says. However, Ackman may be on…Continue Reading →