Seems no one wants to discuss the Short End of the Bond Curve.
After performing a 30 Bip Sequence, the Big Move to Consolidation - the Monthly Chart illustrates how NQ Elevator Up can resolve.
The Fed Fund Futures were dragged into 2022 for 2/2 Indicated @ 72%.
007s on the Short End, believe it's all good, these will backfill and we'll rally 30 more Bips to Our Favor.
Not going to happen, period.
Tech, of course, has shrugged off the impending moves by the Federal Preserve. Moving Vertically to mimic the Denials.
Made Money is not just to entertain you, but to make you Mad Money.
Amazon, Apple, and Starbucks are a "Buy the Dip" - too Big to fail - according to Guyana Punch Distributor Jimmy Jones Crammer.
Few appear to remember how Jimmy ended up on CNBC. After losing $220+ Millon in his Tech Fund, but shining it on... he demonstrated he could indeed sell firecrackers for Valentine's day. A huckster of talent, but a shylock nonetheless.
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Here's the real Issue with BUy Side Carnies, what they won't, don't, and will never tell the Hoi Polloi.
Short Squeezes create ILL-LIQUIDITY.
The Hole in the ground has to fill before the Price can move higher.
"Record Highs, for 5 days we are making new Highs"
One Problem - Breadth, namely the Markets, although I'd venture to guess this Particular MEdia Outlet needs to have its mouth washed out with Lye.
Stocks can be going up, although Short Covering removes Capital from the Markets. It never increases Liquidity, not ever. It persistently reduces it.
Selling stops, the first sign.
Buy to Close is most often performed on an uptick as Stops are run by FORCE.
New HIgh after New HIgh, unfortunately, Equities below their 50SMAs far exceed those above.
As Market Breadth declines - higher weightings are always used. Apple a prime example.
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Stagflation assisted by $120 - $150 Billion per month, eases the burden of 14.77% REAL INTEREST RATES.
Ease up on Bond Purchases... the Burden takes hold.
Retail is calling a Bluff...
$30 Trillion in Fiscal Debt is dead ahead, unfortunately again... Ramping up the Inflation to drive the DX lower... Yeah, naw, that effort is failing.
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