Lee AdlerThe upward path of prices got slammed at midweek, just as the S&P 500 had crossed the centerlines of a couple of channels. The index…
First, I want to repeat something I wrote in January: 1/18/21 A while ago I made the huge call that the stock market would follow…
Stock buybacks have been widely reported as being responsible for much of the bull market. That is undoubtedly true. Buybacks reduce the supply of equities,…
There are hints of a bottom, but it’s not clear if a final low is in. Subscribers, click here to download report. Try Lee Adler’s…
What else is new? Tomorrow, the Fed talks. But Fed talk is cheap. The Fed wants you to think that talk – its talk –…
This is what it does. It stops publishing good data, and either substitutes no data, or shitty data.
I rely on the Fed’s weekly data in my research. I want to know what’s going on as close to real time as possible. It’s simple. As traders, we need current data, or as close to current as possible.
The Fed’s new format H6 money supply release is utterly useless. But fortunately, there’s a workaround.
Last week I wrote that the 6 month cycle low setup was forming. Was this rally the beginning of the up phase? While we don’t…
Yesterday I posted the raw output of the daily technical screen I run of some 8700 listed NYSE and Nasdaq stonks. I pre filter for a minimum price of 6 bucks and minimum average volume of a million shares per day over the past 4 weeks. The I apply technical filters looking for short term cycle buy and sell signals near key longer period cycle support ranges. There were 34 results yesterday, all but one on the long side.
28 of those ended with a gain from the opening price. Of course one of the losers was the short. The average gain, including the losers, was 2.2%.
The US Treasury’s attempt to rescue the Treasury market began in mid February. It’s not going well. They’ve managed to stop the hemorrhaging. Prices have…
Short term indications say that the bottom is in. Intermediate indicators say, “Whoa, not so fast!” But they’re close. Here’s what to look for that…
The all important 6 month and 10-12 month cycles are coming into the idealized time window for a low. Whether last week was it is…
Last month, I headlined this report, “We Don’t Need No Effin’ Stimmy.” That’s even more true now. Withholding tax collections are skyrocketing. It’s good news…