Tipping Point Tuesday – Schrodinger’s Stimulus Moves the Market

Rumors are everywhere. The President held another super-spreader event in Arizona yesterday and he has threatened to hold one every day up to the elecion until every last Republican is infected with the corona virus.  It is possible that Trump, a long-time Democrat until he decided to run for President, may have always had the […]

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Testy Tuesday – Shorting the S&P 500 at 3,350

All going as planned so far.   As you can see from our chart, we're consolidating right in that zone between the 200-hour and 50-hour moving average and 3,350 is also the 50-day moving average, so it's a lot harsher resistance than you would think.  We gapped into that zone last week so we didn't "earn" […]

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Which Way Wednesday – Fed Edition

And once again the Futures are up.   As you can see from the S&P chart, we have had some massive gaps up in the thinly traded open and then drifted down during real trading at the end of the day.  This is like someone who works for the auction house shouting "100 Million Dollars" on […]

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Just Another Manic Monday

OVER 1/2 of US housholds have lost some income since March.   OVER 1/3 expect to lose more in the next 30 days.   Jobs have been furloughed, businesses closed, hours reduced and salaries cut.  While the health emergency and lockdown were the biggest direct cause of unemployment, there were secondary effects, too. Pandemic-induced layoffs were responsible for […]

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Friday Federal Failure – Congress Takes a 3-Day Weekend Without Fixing Anything!

WTF? The unemployment benefit boost ran out last Friday and, all week, we were told Congress was making progress towards a new stimulus bill and President Trump, who has never steered us wrong, said that if Congress couldn't agree to extend benefits he would sign and executive order but, last night, the whole thing blew […]

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