“Bank on the trends, and don’t worry about the tremors. Keep your mind on long-term cycles and ignore the sporadic ups and downs …” — J. Paul Getty (as said to him by a successful financier)[1]J. Paul Getty, How To Be Rich Secular markets or secular cycles in an asset class are driven by strong…
Directional Bias For The Day: S&P Futures are sharply lower to the 4105.00 level at 8:50 AM following the Non-Farm Payroll report after moving between 4166.25 and 4146.50 from 1:00 PM on Thursday to 8:30 AM The odds are for a down day with elevated volatility – watch for a break above 4136.00 for a…
Directional Bias For The Day: S&P Futures are a bit higher at 8:00 AM; down more than 15 points from the 6:30 AM high and a Double Top resistance The odds are for a sideways to down with elevated volatility – watch for a break above 4173.25 and below 4148.00 for clarity The key economic…
Directional Bias For The Day: S&P Futures are higher at 8:00 AM; trending up since 4:00 AM – up more than 25 points since then The first nine days of August are historically weak (Stock Trader’s Almanac) The odds are for an up day with elevated volatility – watch for a break below 4106.50 for…
On Wednesday, July 27, 2022, the FOMC raised the Fed Funds rate for the fourth time this year. The next day, the Bureau of Economic Analysis (BEA) announced that the 2022 Second Quarter GDP declined by 0.9%. Finally, to close out the week, the BEA reported that the Core PCE rose by 4.8% from a…
Directional Bias For The Day: S&P Futures are lower at 9:00 AM; trending down since 10:30 AM on Monday The first nine days of August are historically weak (Stock Trader’s Almanac) The odds are for a down day with elevated volatility – watch for a break above 4106.50 and above 4122.25 for a change of…
The market technicals, economic data, and historical comparisons are making a strong case that peak inflation, recession, treasury yields top, and equity bottom are around the corner. The New York Times says the word of the year is ‘uncertainty.’ In a conference call with investors, the Google executives said the word or its variations 13…
Directional Bias For The Day: S&P Futures are lower at 9:15 AM; moving down since 7:45 AM – down more than 30 points to around 4100.00; On the first trading day of August, Dow has declined 16 out of the last 24 years The odds are for a down day with elevated volatility – watch…
Directional Bias For The Day: S&P Futures are higher at 9:15 AM; drifting sideways to down since 4:45 PM – down more than 25 points from the high of 4111.00; The odds are for an up day with a good chance of sideways to down move from the pre-open levels around 4085.00 – watch for…
Directional Bias For The Day: S&P Futures are little changed at 9:15 AM; moving sideways s4:00 PM on Wednesday within a narrow band between 4030.00 and 4003.50 Day after Fed funds rate increase has been bearish for the past many months The odds are for sideways to a down with elevated volatility – watch for…
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