No Santa Clause Rally..
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 →
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The time has come…
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 →
Traders are Uncomfortable with New Paradigm..
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 →
Fixing Inequality..
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.
Cleaning out the House..
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 →
A New World is Evolving..
GDPNOW-Atlanta is forecasting 4th quarter GDP at +4.3 %. That is not recession territory. Traditional market players have had a difficult time handling the switch out of consumer tech to what I call Efficient Tech, it is about production of…Continue Reading →
Explosive Rally Signaled.. with update
Here are the two charts we mentioned last week, the 2 YR vs 3 Mon yield curve chart, with the FED pushing up the 3 month overnight to the point it may go over the 2 year rate, the FED…Continue Reading →
When the FED is Pushing on a String..
Here is something that I have been noticing as I watch the FED try to unravel its mistake and it reveals itself in the yield curve differential between the 2 year rate and the 3 mon FED funds rate. As…Continue Reading →
Investors are Gun Shy..
Recent market action is quite interesting, the way forward for the economy and the markets is about tackling climate change in a way that boosts efficiency, more output from a given amount of energy. That will take technology and that…Continue Reading →
Where are Investors Now?
I talk a lot about the beginning of the market bottom between May 11 and May16, the high of wholesale commodity prices basis the CRB index on June 6, and the retest of the market bottom on October 14. At…Continue Reading →