Let’s begin with news and markets – to work up a good appetite, right? As we told you in advance, expect a rally Wednesday and what shows up? Yes, that’s right – the reason the Bearish Mister sits on his keester. The BIG wave count is in yellow. Next level is white. Then Green. got … Read More
This being a semi-vacation week, we’re keeping on point with breaking economic news. Since people are moving around the country in huge numbers (55+ million) for Thanksgiving tomorrow. Our consigliere had an earlier-than-expected arrival due to “dueling Garmin’s.” Yep – sitting in the driveway here, one routes his return via Athens, Texas while the other … Read More
Early market futures were up over a hundred on the Dow and the look of the S&P was (*early) positive, as well. Looks like carryover hype. The real story will be along after Europe closes and most of the remaining options start falling out, for it is that day of the month. We are not especially … Read More
Since both of our reports next week will deal with charts only (holiday), I wanted to share some research that you’ll find very interesting. It’s all arisen out of my latest novel (about 50-pages into the writing part – but life intrudes – often!) “Ancient Children” is its title. The plot involves an exceptional aging … Read More
If you read the Monday column here, you should be impressed. When posted (ungodly early) I made a ridiculous forecast for the closing S&P Monday: “Although, if we could jump in a time machine and pop right to the close today, a 37-point decline in the S&P 500 would be a marvelous dart toss.” … Read More
Peering ahead at the day, we see that Gold is down about $16 bucks going into the U.S. open (no, not of golf!). This will place gold at $1,754.70 according to the Kitco charts. Let us do the math for you on how Ure’s Crazy Values Theory says things might work out today: The starting price … Read More
Can charts tell us what to expect this coming week? In several areas – cryptos, bonds, inflation, and war – we have concerns about what charts are telling us about the future. An odd mix of regression channels, understanding how to apply the logistic function and implications of Elliott wave developments matter now. This morning, … Read More
I lost money in a short position Thursday. My loss? $14. How disaster was avoided was the diligent use of stops. Usually of the “on quote” variety. The core idea being every trade starts off being about a 50-50 proposition. (See Burton Malkiel et. al A Random Walk Down Wall Street). Based on work by … Read More
I suppose we should begin this morning’s roll by unveiling the new Consumer Price report just out from Labor: “The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today. Over the last … Read More
This being Election Day, we’re taking the unusual move of not talking about anything on the ballot – of is pretended to be so damn urgent that you have to vote for one clown, or another, who can’t change the Law of the Land single-handed, anyway. Have fun with that. We don’t know which one … Read More
When there is a “known” event of major magnitude on the way, markets often hint in advance what to expect. This is most often done with price changes. Markets running up ahead of an event are called “Buy the rumor” and the decline following is often labeled the “Sell the news” aspect. With (at best) … Read More
Braced for a Crash-lection? Might consider it! The early futures were telling us little that we didn’t know after the market fell on its nose more than 500 Dow points Wednesday. As the Fed not only raised 3/4 percent but said another 1/2 percent was baked in the cake – and they will entertain ideas … Read More
If the first Industrial Revolution was water and steam power, while the second has been electricity and network-pushed, what will NEXT look like? It’s not a silly question, at all. And since the World may fall apart based on global economic consequences of War, Sanctions, Asset-Stripped Money, and little side issues like a die-off and … Read More