Setting the Hook
A few days ago we outlined the fundamental Macro picture that we see unfolding from here. With that the core position is in place. The next step is to set the hook on the technical side of the trade. We…Continue Reading →
Uncategorized
Manipulated markets can be Brutal
This morning I feel a bit like I did in the 1980’s when I was fighting the Bunker Hunt silver market rally, trying to be short, but running in a state of disbelief towards the end of the move. All,…Continue Reading →
Last play for the Cheerleaders
CNBC brought out their perennial bulls this morning with all kinds of explanations for why the stock market is acting so well. I do have to admit that the five day average for the S&P, at this moment at 9:45…Continue Reading →
What if…
What if a Perfect World for the Contrarian is at hand. A world where stocks collapse, bond prices rally, and gold takes off. The Gold / Dollar chart suggests that event is at hand..
The Dollar is Collapsing
While all eyes are on the Treasury and its actions to rescue major corporate financing problems, the dollar is providing its take on things. The rescue of junk bonds through the HYG ETF is probably the backstory. Stocks are back…Continue Reading →
The Macro Cherry
Please take a look back at our March 17 post for the breakdown of macro levels on the S&P. You will note that the 3040 level on the S&P is the macro extension sell area, the high in overnight trading…Continue Reading →
We have been here before..
In just the recent past, the January 31 to February 20 stock market move is a good example. Our current over the top period started on May 14, so with a little patience things will evolve. I am not making…Continue Reading →
A Little Magic, Letting the Market Do the Dirty Work
The Democrats have had economic inequality on the back burner for many years and the two leading Progressives, Sanders and Warren have talked about it a lot. The Democrat leadership looks to be successful in sidelining the Progressives but the…Continue Reading →
Keep in Mind, the Fed and the Government are not in control of Final Demand
A lot of optimistic talk at the moment on the economy coming back to normal. That is what it is, Talk. What would be Important… In a different world, hopefully in 2021, is leadership that understood that we need to…Continue Reading →
Wall Street is Desperate
Look at what it is costing to keep the ball in the air, trillions of Government money, and it will not be enough. The paradigm is changing and again, I will repeat, COVID 19 is just a trigger, not a…Continue Reading →