Markets Face A Come To Jesus Moment
We have walked through a litany of time/price cycles, square-outs and synchronicities pointing to a crash. Our weekend report will further tie those all together. It’s not a pretty package. On Thursday markets gapped higher with the SPX spiking only 8 points from the 5264.85 March 28 all-time high. The opening surge pulled back triggering […]
Continue Reading -->Coffee With Greta: Waiting For The Jobs Report
DJIA Futures: +189 (+0.5%) SPX Futures: +32 (+0.6%) NASDAQ Futures: +153 (+0.8%) Good morning friends! Futures are higher as traders await Friday’s jobs report. Let’s get right to it! Weekly Jobless Claims Climb Weekly jobless claims rose more than expected last week. The Labor Department reported 221,000 Americans filed initial claims for unemployment benefits. That […]
Continue Reading -->Hellooooo Mr. Gold
Can markets be forecast? “Few have any idea of high the metal (gold) can scale the golden wall of worry.” The above is from the December 22nd, Hit and Run Report, Gold and Silver on the Launching Pad. We went on to say, “Regular readers will recall that we targeted the 233 region in GLD […]
Continue Reading -->Coffee With Greta: Strong Labor Market
DJIA Futures: -33 (-0.1%) SPX Futures: -9 (-0.2%) NASDAQ Futures: -56 (-0.3%) Good morning friends! Futures are falling after the release of strong jobs data. Let’s get right to it! Strong Private Job Growth The U.S. private sector added more jobs than expected in March. Payroll firm ADP reported private employers hired 184,000 workers last […]
Continue Reading -->Coffee With Greta: Choppy Market
DJIA Futures: -312 (-0.8%) SPX Futures: -37 (-0.7%) NASDAQ Futures: -162 (-0.9%) Good morning friends! Futures are falling as the down start to Q2 continues. Let’s get right to it! Waiting On Jobs Data Key labor market data will begin today as traders look to assess the Fed’s plans for rate cuts. The Labor Department […]
Continue Reading -->Coffee With Greta: Kicking Off A New Quarter
DJIA Futures: -8 (-0.02%) SPX Futures: +7 (+0.1%) NASDAQ Futures: +39 (+0.2%) Good morning friends! Futures are mostly higher as the second quarter begins. Let’s get right to it! New Quarter April and a new quarter of trade officially begin on Wall Street today. All three major indexes are coming off winning first quarters and […]
Continue Reading -->Gold’s Lockout Rally
Hit and Run has been looking for an explosion in gold ever since we flagged a massive multi-year Cup and Handle pattern. Actually there is a Cup and Handle within the larger Cup and Handle. GLD looked like another failed rally was on the table after a failure in late December 2023. We remained steadfastly […]
Continue Reading -->THIS THING’S GONNA CRASH
“As a human being, on has been endowed with just enough intelligence to be able to see clearly how utterly inadequate that intelligence is when confronted with what exists.” -Albert Einstein “Any fool can believe the truth, it takes a genius to believe a palpable lie.” -Anon The intersection of technology and culture has produced […]
Continue Reading -->Coffee With Greta: Closing Out Q1
DJIA Futures: +42 (+0.1%) SPX Futures: +1 (+0.01%) NASDAQ Futures: -2 (-0.1%) Good morning friends! Futures are flat as traders gear up for the final session of the first quarter. Let’s get right to it! Weekly Jobless Claims Fall Weekly jobless claims were lower than expected last week in a sign of continued tightness for […]
Continue Reading -->Do Signs Point To A Market Crash?
“Go for the jellyroll” -Art Garfunkel’s advice to John Lennon “If the market is bullish, yesterday’s turndown of the SPX 3 Day Chart will define a lowsoon in terms of both time and price. Soon looks like immediate given this morning’s pre-open action.” The above is from Wednesday morning’s Hit and Run Report. In fact […]
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