News

Warning:  Do NOT read today’s column near an open window.  Yeah, it’s that bad. Here we are.  Made it to Friday with a short position upside down based on early futures.  Not terribly worried about it, though, since we can exit on any short-term rally. It’s NEXT WEEK we need to start thinking long and hard about.  … Read More

Word that the national Rail Strike had been averted was the big story here early today.  Has us looking at a possible upside pop today and wondering “Is this a ‘Be Long or Wrong’ moment for traders?” A lot of other data has landed, though.  Let’s roll through them: Retail Sales This one is the … Read More

Just out, an important press release from the Association of American Railroads: “Freight Railroads and Unions Reach Tentative Agreements, Strike Averted Washington, D.C. – September 15, 2022 – Today, the nation’s freight railroads are pleased to announce that tentative agreements have been reached with the Brotherhood of Locomotive Engineers and Trainmen Division of the International … Read More

America’s end is at hand when massive financializations replace the production of real goods and services.  Which is peering out at us through the data this week.  Inflation is high and the early line on a Fed hike next week of 0.75 percent (or more) was over 80-percent. As a result, we have finally figured … Read More

Even if you’re not a high rolling ($40/year)  Peoplenomics® subscriber and haven’t followed our 25-years of research into economic long waves and how cyclical economics is a repetitive sport, you at least might find this “big picture” stuff of interest.  In our long-term work, what we suggested some weeks ago near the top of Wave … Read More

I don’t usually comment on markets when they are open.  But since I closed out my short position (with a portfolio gain for the day of 5.7 percent – I wasn’t all-in”), let’s throw the notion of my much-warned-of Wave III down (iii) getting underway, shall we? Here’s my Elliott view of the Aggregate Index. … Read More

Economics today is not the simple sport it may have been at the peak of the Industrialization of the West.  Anymore, it’s a multivariate kluge (or stew, if you like) and ongoing battles for supremacy of power. You can skip ahead to the CPI and other data, but hear me out: Part of looking into … Read More

One of the more interesting “games” played in the Options world is to pick the following month’s strikes (option prices) and simply go long – or short – according to what the playah sees ahead. Options expire on the third Friday of the month – which is this week late. When a market is trending strongly … Read More

Our starting point this morning is a thank-you nod to the 3806 KHz (LSB) ham radio crew which is around overnights on the weekend.  Spent some quality time with ’em this morning making antenna measurements in order to figure out what’s next for the Antenna Dept. You see, Winter isn’t far off.  And that’s when … Read More

A more detailed look at a possible wave count that – if it continues on track – may be the harbinger or horror, the bringer of bummer, and the foreshadow of famine as the year rolls along.  Yes, it’s likely to be even worse than our alliterations. The foreshadowing is seen in charts, murmured by … Read More

Refer to this morning’s column and our thinking that a 50% retracement of a possible 3(1) down would lead to a 50% bounce around 34,256.00. At its highs so far today, the Aggregate peak has been 34,259.43. Still, this is a 4 point error (which is this range would be a rate of 1.16767865483419e-4  (hint: … Read More

Business first as a continuation of our sluggish-to-begin rally finally dug-in Thursday. The picture from here still leaves open a Wave 2(5) run back to the overhead resistance trend line. IF we are in the early slog of Wave 3 down (a minor (ii) rally in play now), then using those Elliott and Fibonacci numbers … Read More

An Easy Math Lesson is where our Adventures in Money Grubbing begins today. For those who have never studied the work of who? “Fibonacci (/?f?b??n??t?i/;[3] also US: /?fi?b-/,[4][5] Italian: [fibo?natt?i]; c.?1170 – c.?1240–50),[6] also known as Leonardo Bonacci, Leonardo of Pisa, or Leonardo Bigollo Pisano (‘Leonardo the Traveller from Pisa’[7]), was an Italian mathematician from the Republic of Pisa, considered to be “the most talented Western mathematician of the Middle Ages“… …reports Wikipedia. His … Read More