November 14th, 2023 The bulls are consistently winning the battles. Yesterday, the bears had an opportunity to push the market downwards, but they couldn’t accomplish the task. Currently, the shorter-term charts show compression, while the daily chart indicates range expansion. To me, this indicates that the bulls are ready for another significant rally. Today, we […]
November 13th, 2023 First off, I want to touch base on the Moody’s downgrade on Friday. Fintwit got lit up with the news that Moody’s downgraded its outlook on the U.S. credit rating. As bad as that news sounds, the U.S. credit remains at AAA; it’s not a full downgrade. The firm indicated the rating […]
November 10th, 2023 I won’t be trading today because I’m about to head out to play in a Golf Tournament. Before I leave, here’s a chart I want to share with you: the 60-minute ES chart. I received a buy signal this morning at 4359 with a target of 4383. This signal is one of […]
November 9th, 2023 In the words of Frank Abagnale Sr.: Two little mice fell into a bucket of cream, one named Bull and one named Bear. The first mouse, Bear, quickly gave up and drowned. The second mouse, Bull, wouldn’t quit. He struggled so hard that eventually he churned that cream into butter and crawled […]
Commodities, Bonds, Equities w/ Tim Price, and Gubb MintCheese!
11-8-23 Place Your Trades Live Twitter Spaces Join ChiGrl with guests: TimPrice1969 and gubbmintcheese Click Here to Download Summary
November 8th, 2023 The cream rises to the top, and that really is the story for 2023. Nasdaq remains the outperformer and upside leader, while the S&P sits in the middle. Meanwhile, the Russell struggles to break free from its current state. This environment is our reality, and we must embrace it. What does this […]
November 7th, 2023 The bull’s momentum has stalled. Momentum is crucial in these markets. When it stalls, it can quickly reverse. But when it maintains momentum, it can exceed our expectations. Currently, the bulls have lost momentum. They need to reclaim it today, or else we might see a drift back down. This has been […]
November 6th, 2023 The bulls have the momentum, and it looks like we could see another leg higher this week. I know traders are talking about the market slowing down after last week’s rally, which makes sense considering where we came from. However, sometimes our past inhibits us from envisioning where we can go next. […]
November 3rd, 2023 Bulls have the momentum, and I don’t see much to stop them right now (from a technical perspective). It appears as though ES is headed for a test of 4377-99 in the coming sessions, possibly even today. Yesterday’s close was very bullish, and as long as we sustain daily closes above the […]
November 2nd, 2023 The bulls are back? For now, they are, and they have the Bond Market Bulls, which is why we’re seeing so much momentum to the upside. Equity traders looking at the bond market are saying to themselves, ‘We have to get in now because maybe rates have peaked?’ Not sure about that. […]