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 →
Here is an update of the Big Picture chart as of noon today. It is an inside day so far, the action should come tomorrow. You can refer to prior posts where this chart was used to see the rational…Continue Reading →
Today we published an article written by Bloomberg’s John Auther. It is an interesting look at research done around other pandemics. Go to home page menu: Covid – Another Viewpoint As to todays Market Update at Noon Here is a…Continue Reading →
Why would anyone who has been lucky enough to ride the gravy train since last March not take profits and get out? Market internals are breaking down, factors like leadership, breadth, participation, sectors. None of this took any analysis, one…Continue Reading →
That is all one can say at this point. Things are rolling around in the bubble as this pattern continues. So the moment will come when the bubble is pierced. What does one need to know? Most important is that…Continue Reading →
Today’s employment is history. My view is that the Next Depression has already started, look to West Virginia and Kentucky, thanks to Joe Manchin’s approach to jobs bill, and Rand Paul’s efforts toward vaccine hesitancy. Anyone thinking there is a…Continue Reading →
Lets see what the reaction to the employment numbers are tomorrow. There are expectations and then there are expectations. The overall activity index remains stalled out and there is not enough volume to allow the big traders to exit. I…Continue Reading →
The Dollar is higher. Everything else is clawing to hold on to AIR. Kind of like suffocating.