#$10yryld

[dereckstrades]

Weekend Review of the Markets: The Fed's Big Blunder

Happy Weekend, traders. Broadly speaking, S&P 500 futures rallied from a triangle, and has now bull flagged: Continue reading Weekend Review of the Markets: The Fed’s Big Blunder

View On WordPress

[dereckstrades]

Market Update for Wednesday, March 20th, 2024: Bear Massacre 5,234,756

Good afternoon, traders. Ok. A couple of weeks ago I discussed how the weakness in yields and the dollar might signal equity strength ahead (here) but even I wasn’t expecting such a big squirt. But, at the time, I also said to be on the lookout for a “new footing” on those, and I think we might have that now. The 10-year yield now looks like this: If yields break out from this, equities will…

View On WordPress

[dereckstrades]

Weekend Review of the Market: Bulls on Parade

Happy Weekend, traders. Yesterday we discussed how the failure of bears to turn any of the structures we could observe on the Nasdaq 100 (and other indices, but I think most clearly visible on NDX and NDX futures in particular) into bull traps could produce a rally, which we got today: Continue reading Weekend Review of the Market: Bulls on Parade

View On WordPress

[dereckstrades]

The Weekend Review of the Markets: At Key Support

Happy Weekend, traders. After shrugging of the generally hawkish FOMC meeting and shrugging off the CPI miss, the market looked like it was about to also shrug off the PPI miss, too. But, we had a small turn today and the S&P closed right above the primary uptrend line: Continue reading The Weekend Review of the Markets: At Key Support

View On WordPress

[dereckstrades]

Weekend Review of the Markets: Getting Cramped Up Here

After touching 5000 late in yesterday’s session and initially rejecting it, the S&P 500 gapped over the hallmark number after seasonal adjustments to the CPI improved the numbers, slightly. Finding no immediate sellers of note from that point, the market went on to squeeze most of the day as bullish enthusiasm comes to its dramatic peak. The S&P has wound itself into a strange and narrowing…

View On WordPress

[dereckstrades]

Weekend Review of the Markets: The Short- and Long-Term Pictures

In this weekend’s review, I will discuss both the short- and long-term pictures. Continue reading Weekend Review of the Markets: The Short- and Long-Term Pictures

View On WordPress

[dereckstrades]

Weekend Review of the Markets: Our Pattern of Distribution

Happy Weekend, traders. The S&P 500 continues to develop its increasingly large broadening formation. I believe it is a large pattern of distribution. On Tuesday, I discussed how there are too many ways to count such a structure, and I had to offer 3 ways it could be done. One of those ways involved one more high, which at the time, looked like this: Continue reading Untitled

View On WordPress

[dereckstrades]

The Weekend Review of the Markets: The Coming Market Reversal

Happy Weekend traders. I want to begin by revisiting the elephant in the room. We’ve rallied hard in November from a low that I thought we weren’t nearly bearish enough at for it to stick. And stick it did. At the end of October (here), I discussed how the market was either clownishly bullish or clownishly bearish. The clownishly bullish view involved a huge, macro “cup and handle formation” that…

View On WordPress