Wow, its not like Plainfield is some tiny little out of the way town!

So if they each get 2 part time jobs does that mean we just created 12,000 new jobs?

Sharing the latest  BaR Grid from Econ PI.  The indicators (summarized by the green and red dots) have been trending down and into the decline quad the last few months.  Well, Friday we had the mean of coordinates and leading indicators switch into the expansion quad, albeit very low to zero.  Not saying we are avoiding a recession, but the fact that this chart has been so stubborn is interesting to me.  Why would the Fed pivot with strong jobs (professionals and construction workers remain in strong demand and with increasing wages) and growth (even weak growth)?  Seems they may need to raise more than most expect...perhaps in a few months once they realize they didn't go far enough?  Definitely different than past cycles I've experienced.  

http://www.econpi.com/index.php

SPX chart showing BPTs primary view.  With everyone waiting for a fail at 4,300ish, I wonder if we can an extended C.  1.61 x A is way up above 4,700, and would also set up a double top.  Certainly seems possible after a down 2022 and the recession remaining allusive.  Just something I found interesting.

ADM bear flag into the 9ema on the daily

MDT - thoughts on this wedge-like pattern? 

https://schrts.co/NwFtBwmd

So far ES remains in a range on this 2hr chart...

8 week T-bills priced at 4.5%...not too bad for a cash stash

It's the Florida Gators pattern...chop...chop...chop

What's the best way to hedge against the major wave C downtrend that should be coming per BPTs long term forecasting?  Short SPY/QQQ or by the 1x inverse funds?  Was hoping for the santa rally to employ some hedges against the longer term holdings.

Santa on strike!  The 60 and 120 min charts from the newsletter look to have weakened structure and a continuation of the down trend.  What's the line in the sand?  A loss of the 3764 low, or the 61% fib at 3724?  Had been hoping to make some adjustments into strength!

ABT is also hitting a symmetry target on the daily.  $14 was the largest up move, and it is currently about a buck above.  Will she or won't she?

"No one could have seen this coming"

Woohoo!  Got some 8 weekers this time!

Nope, maybe that is why they are rallying...fat margins!

Stay out of trouble up there Matt!  

I'm sure this will be in the newsletter, but I've been tracking the favored SPX mapping and look how those symmetry moves and supports/fibs align on this 2 hour chart.  Interesting...

PANW looks like a big H&S sitting on top of a gap 

https://schrts.co/KBnBbYVm

Goldman cutting S&P earnings forecast

https://seekingalpha.com/news/3902366-goldman-cuts-its-2023-earnings-forecast-to-0

Thanks for the update.  I forgot to bid on the 8 week bills like I planned to.  Took a 1 month brokered CD @ 3.35% as an alternative.  I have a short term expiring mid-month so I'll hopefully be ready for the next t-bill auction!