| From: humble1 | 5/10/2024 3:44:40 AM | | | | | |
Bullish Candles on the Weekly SPX, The latest being confirmation of last week’s Hammer looking good. Could have wave3 of Wave3 from 10/13/22 now in progress.
The implications of that count are bull for many months.
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| To: northam who wrote (39992) | 5/10/2024 10:01:45 PM | | From: northam | | | | SPX Cycles Long Range Projection Chart. The Weekly W-S-2 put in another cycle high at 5239.66. Next week there is the possibility of a W-2 (Overdue) getting confirmed at the close on Friday, projected high 5506.18, the high will be due 6/7/24.
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| From: humble1 | 5/12/2024 10:02:26 AM | | | | | | Why I like the R2K and think it could double (or more) in 1-2 years:
bloomberg.com
Guess what. That anxiety is ALL in the market; they will simply and easily roll over the $600 Billion. It’s called refinancing or whatever, Banks/Lenders love it. Meanwhile, profits are rising and controlled 2-3% inflation is good for them. |
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| From: humble1 | 5/14/2024 1:37:08 AM | | | | | | M-T-W: Three days of inflation anxiety.
M: A report from the New York Federal Reserve showed that consumers’ expectations for inflation over the short and long term grew in April. The results put pressure on the major averages and weighed on stocks.
T: Another market catalyst will emerge Tuesday morning as the first of two key inflation reports will be released. The producer price index reading for April will be issued at 8:30 a.m. Eastern. Economists polled by Dow Jones anticipate that the PPI gained 0.3% from the previous month.
W: The closely watched consumer price index will be out Wednesday, and economists expect that it rose 0.4% in April on a month-over-month basis, or 3.4% from 12 months earlier. |
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| To: humble1 who wrote (39998) | 5/14/2024 10:02:57 AM | | From: Lou Weed | | | | | This PPI and CPI data has become a joke at this point. Revision after revision to get to a number that somebody wants. Highly manipulated.....just like the employment numbers. J-Pow is starting to talk now. Let's see if it's the usual open mouth....insert foot. |
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| To: humble1 who wrote (40000) | 5/14/2024 11:44:57 AM | | From: Lou Weed | | | | “I don’t think that it’s likely, based on the data that we have, that that the next move that we make would be a rate hike,” he said. “I think it’s more likely that we’ll be at a place where we hold the policy rate where it is.”
Now he needs to relay this to his foot soldiers that are marched out on a daily basis talking about possible hikes. It's a complete clown show...... |
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| To: northam who wrote (39995) | 5/14/2024 8:29:14 PM | | From: northam | | | | SPX Cycles Long Range Projections Chart. Today the Weekly W-S-2 put in a new cycle high at 5250.37, the projected high is 5353.73 (ATH). It's looking like the Weekly W-2 (Overdue) will get confirmed at the close on Friday with a projected high of 5506.18 (ATH), the high will be due 6/7/24.
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