The bull keeps defying gravity, the breakout is confirmed, and my opinion is clearly bull shit. Today’s plan is 3 words long. Plus NazQuack at a new all-time high, 3 butterflies in under an hour and 1 missing bear.
...Money got dearer at every maturity on Monday. One exchange advanced on a clear majority of its own names and the other declined on one. The textbook does not have two answers.
...The S&P 500 gained 0.6634% and 1,403 NYSE issues fell. Breadth read 0.914, new lows beat new highs on both exchanges, and the 20-year closed at 5.70% into three auctions.
...I’ve been banging the big bear drum for far too many weeks with nothing to show for it, and the lazy bears are creeping in on the Dow and Russ again. Last time that happened we got a Crash Upward, 12-20% straight up. Here’s why I’m accounting for one, where SPX triggers, and how crude paid me while going nowhere.
...September produced 29,000 jobs and revisions removed 60,000 from July and August. The two-year closed five basis points higher. We try to work out what the front end thinks it knows.
...September delivered 29,000 jobs, unemployment of 4.2%, and revisions that removed 60,000 from July and August. The two-year Treasury responded by closing five basis points higher.
...My bear’gasm lasted the morning, again, and we are being spun around once more. SPX is back inside the range, NFP could be fireworks or sput sput fizz, crude oil has locked in a first profit, and BTC looks like it wants to join the party.
...The 2-year closed 10 basis points lower and the 30-year conceded 3. The index rose. Underneath it, 180 NYSE issues marked themselves down to a year’s low.
...The S&P 500 rose 0.1949% whilst 180 NYSE issues hit fresh 52-week lows, the most of the 70 sessions since 24 June. The relief landed 10 basis points at the front of the curve and 3 at the back.
...Tag n Turn swings are back bearish, GEX has flipped negative with a huge node at 7650, crude builds a V at the range lows, and Bitcoin sits sulking between 82k and 86k.
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