I know. I can wear you out with the shticks. I even got hate mail the other day about the latest ‘Amigos’ post. But here again, this man who stares at charts sees a ramp job to a gap fill on the S&P 500 30 minute chart and wonders whether that’s all it is. These in-day charts can be deceiving. This may look like a … Continue reading The Men Who Stare at Charts: SPX 30 Min.
It’s as clear as day, the point I was trying to make on Sunday… “Trump is fiscally pumping the economy. That is what is different. The Obama administration fiscally burdened the economy. The Fed was ultra accommodative then but is balancing the scales in reverse today. It makes perfect sense, but in my opinion the Fed does not care about you or I… or Trump … Continue reading Fed’s Bostic: “Little Reason to Keep Our Foot on the Gas Pedal”
Today on The Men Who Stare at Charts (TMWSAC) we stare at the daily chart of SPX and wonder whether TMWSAC are going to call this a Hammer candle and a (day trading) buy or a ‘C’ leg down with lower to go before at least a temporary bottom gets put in. TMWSAC and a heck of a lot of algos, robots and casino patrons … Continue reading The Men Who Stare at Charts (SPX Edition)
This morning is interesting. As we have been noting, there has been a contrary setup in the bond market and we are watching for a potential failure in long-term yields. If that plays out with Treasury bonds rising it would be consistent with a more traditional risk ‘off’ situation, which would be consistent with a positive move in the fundamentals that matter for gold and … Continue reading NFTRH; Bonds Up, Stocks Down & Gold Sector’s Real Fundamentals Continue to Emerge (high priority)