My view is that it does move the money around within the Bubble, but the Bubble is still intact and the pressure against the bubble boundary top that commenced on July 26 is still there. Here is the chart of…Continue Reading →
Friday’s employment report shed a little light on things but the fact remains, the market is tightly controlled by those who created the Bubble and they have not figured a way to get out of it without triggering a Crash….Continue Reading →
I have been on vacation for a week, out of touch other than by radio, came back into town to look at the markets today. It is like nothing happened for a week, the rotation in the bubble continues, just…Continue Reading →
What the S&P and Nasdaq longs may be ignoring is the most important factor, capturing their gains from the Artificial Finance 2011 to 2021 era. (Basically QE2 through FED COVID response). So where can one move the money, you cannot…Continue Reading →
Yesterday and today are what I would call a brutal test of the TOP FORMATION that has been developing since February 24, 2021. So far the test is going well. Stay tuned. Everything we have said this week holds.
A little review here on what we see now. The dollar is a key ingredient, the December lows where we put on our initial long dollar DXY positions at 90.13 was added to yesterday at 92.79. First objective is in…Continue Reading →
That is how much time it will take before the market decline breaks out to decidedly lower levels. We now should see bounces and lots of happy talk from CNBC cheerleaders and the Tom Lee “Follow the Fed Crowd”. More…Continue Reading →
Today we see more of a downturn off the May 10 highs but the broader asset market situation is still within the top formation. The important thing is that the top is in, but the collapse has not started yet….Continue Reading →
A lot of inside the bubble action continues. Confirmation that the bubble will be pierced could come as early as this coming Tuesday. In the meantime the big Wall Street players would appear to have dumped about a quarter of…Continue Reading →
FED Chair Powell speaks today and will say no end to stimulus until labor starts coming back to work in a big way. Of course, he is not in control of the labor force. I believe we are headed into…Continue Reading →