Lee AdlerThis Friday’s screens had 19 buys and 53 sells. 2 of those were inverse bond funds so we can ignore that. 51 sells is still a big enough number on the sell side to make me sit up and pay attention.
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
We approach another debt ceiling drop dead date. The next month is thus fraught with unknowns. It makes projecting our QE and PONTs charts beyond the next two weeks all but impossible. We’ll just have to wait and see along with everybody else. Of course we view the world a little differently than everyone else.
There’s a lot of good news in the cycle projections table (subscriber version). Cycles are in gear to the upside and projections point higher. Now those projections just need to come to fruition. A breakout through xxxx (subscriber version) should get the ball rolling uphill. Failure to do so within the next couple of weeks would not be good.
Technical Trader subscribers click here to download the complete report. This Friday’s screens had 29 buys and 30 sells. It compares with 68 buys and…
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
bond prices will head lower. That could set off a firestorm in not only Primary Dealer inventories, but bank long term bond portfolios as well.
There’s a lot of good news in the cycle projections table (subscriber version). Cycles are in gear to the upside and projections point higher. Now those projections just need to come to fruition. A breakout through xxxx (subscriber version) should get the ball rolling uphill. Failure to do so within the next couple of weeks would not be good.
Technical Trader subscribers click here to download the complete report. This Friday’s screens had 68 buys and 22 sells, which is far more signals than…
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
Did you notice in yesterday’s press conference how Jerome Powell kept clearing his throat. He was apparently choking on the vomit of his own double talk. The lies, self contradiction, and obfuscation were breathtaking. This man has no conscience. But then, he’s a central banker. What should we expect.
It’s a good thing that Powell doesn’t own a big bond portfolio.
Gold shows signs of bottoming, but there’s a key parameter that must be met. Short term cycle projections point to xxxx-xxxx. (subscriber version).