The Clueless
are broadening the top while they a clawing for a bottom.
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Comment on the Close Today
Here at ten minutes to the close, no big sell confirmation yet, we are still trading the short indication off the pattern since August 7. Will sell more when we get the trigger signal. If I had to estimate I…Continue Reading →
We are Still in the Early Sell
The past few days we have seen a bit of a sell-off that will at some point be viewed as the start of the un-winding. As you can see from the chart below, we are still trading the early pattern…Continue Reading →
The Silence is Deafening
We have seen a big drop in the markets and it has put our Macro Algorithm in play, see chart here. Why is everyone so quiet today? What we see is a market that is sitting in a big chasm,…Continue Reading →
Things unfolding
Another step in the August 7th Macro today. We have kind of moved out of the rally period into a more benign pondering period for market participants. The Algo chart is showing early rollover signs. Election, whether Trump market manipulation…Continue Reading →
Where the Rubber Meets the Road
It would appear that what we have been alluding to for the past week or so, once investors start looking beyond dreams and into reality, some sobering things evolve, not so much yet, but a lot more coming.
When Do We Hit the Wall ?
Point One: What we are talking about here is when the artificial money runs out, when dollars from production have to take over the task, as government runs out of bullets. We are probably closer to this point than many…Continue Reading →
Calling a Spade a Spade
A lot of nonsense is floating around. Over the weekend a Citibank economist said he could see nothing that could stop the Fed effect from pushing the market higher, like forever.. Well, I think there are two things to keep…Continue Reading →
Now Comes the Difficult Part
What i am referring to here is the upcoming and probably impossible struggle to get back to the Old Normal. That in essence is what is behind the stock market rally since late March. The market set its sights on…Continue Reading →
Watching the Clueless Adjust
Back on August 7, 2020 we outlined that the Macro Picture had changed for some reason. We cited two key factors to watch, interest rates and the political picture. We also pointed out that the data pointed to something going…Continue Reading →