Powell’s Biggest Lie Yet Published by William Griffo Dec. 1, 2021 Hey There Income Hunters, He’s still lying about how the Fed can “contain” inflation. The Fed will do everything they can to keep the economy going, but it is very important to be aware of the signposts that signal a larger correction.   That…

Hey There Income Hunters,   Friday was another example of emotions, instead of real money flow, controlling price action.   Real money flow was signaling a very fragile market … This was clear from the declining number of S&P 500 Index (SPX) stocks trading over the 200-day moving average.    Market internals don’t lie ……

Hey There Income Hunters, Another Covid variant crushed markets on Friday as every sector closed lower during the less-liquid shortened session. The S&P 500 Index (SPX) closed down 2.27% Friday. Volume equaled the average daily volume, even though the index closed three hours earlier than usual.  I have been revealing plenty of danger signs for…

Hey There Income Hunters,   The fresh Covid fears have impacted the markets perfectly for the trends we will see in early 2022.   You have to be grateful when a short-term trend presents great entry points for trades you are looking to set up for.   One of the trades I have been talking…

Hey There Income Hunters, It was nice to see Light Crude Oil Futures (Ticker: CL) bounce off the $75 level … I mean, it was a bit embarrassing seeing our president ask our adversaries to increase their oil output. I would think that may come back to haunt us …  Think 1970s “oil embargo”. Then…

Hey There Income Hunters,   Happy Thanksgiving!   I, of course, wouldn’t leave you hungry for profit-making content today …   Tuesday was another day of Invesco QQQ Trust Series 1 (Ticker: QQQ) downside and now European stocks are tanking with continental Covid numbers spiking.   It looks like we will see a total retrace…

Hey There Income Hunters, Well, for most of the day the market did not know what to do.  I was watching closely yesterday and, as regular readers know, I have been writing a lot about the poor internal Invesco QQQ Trust ETF (QQQ) indicators for the past few days. (In fact, I have a bearish…

Hey There Income Traders, How much green has been created globally in less than two years? If you guessed $20 trillion dollars of new money printed by central banks around the world, you are correct. All that money and we still have two of the world’s largest economies, China and Europe, in a growth slowdown.…

Hey There Income Hunters,   While we wait on Biden’s pick for the Fed chairman — with the odds still 70% Jerome Powell gets reappointed — I took a look ahead to how passable the reconciliation bill is and who the winners are.   What are the chances for passage?   Looks like the soaring…