Upticks – October 2022

in Technical Strategy

Introduction History shows Sir Isaac Newton not only to have excelled as a Mathematician and physicist, but also to be a skilled astronomer, alchemist, theologian, and author. Many who have studied Newton’s history know that he published a book called “Opticks” back in 1704, expounding his corpuscular theory of light. He considered light to be made up of extremely subtle …

JOLTs instance “hard” converging towards improving “soft” data. At this pace, Fed gets 1.0 openings/worker ratio by Oct/Nov. Nasdaq 100 became “100% bid”. Since 1996, 6 of 6 times, saw further gains.

October 5, 2022 in FLASH

We publish on a 3-day a week schedule: – Sun eve/ Mon am– SKIP MON– Tue eve / Wed am– SKIP WED – Thu eve /  Fri am After a tumultuous decline in the final weeks of September, market technicals were awful and sentiment and positioning bearish. But in each of the past two days, equities rallied strongly, adding >5% …

Boba Network: A Multichain Layer 2 Focused on Gaming

October 4, 2022 in Crypto Special Reports

Click HERE for the full copy of this report in PDF format. Executive Summary Growing demand for Layer 1 block space. Through 2021, the demand for Ethereum block space has exploded on all metrics. Post-merge, Ethereum will attempt to scale via execution layers, while alternate Layer 1s might continue gaining market share on different use cases. Bridging Web 2 to …

What Our Clients Are Talking About Behind The Scenes

in Wall Street Whispers

FLASH COMMENTS: The oversold condition that I wrote about in my last note was combined over the weekend and this morning with some rumor and hope that the FOMC is about to cave in and end its inflation fight.  No disrespect to the doves/bulls, but everything I look at suggests this is highly unlikely.  Why do I have this view?  …

Off The Chain Capital

October 3, 2022 in Crypto Special Reports

Executive Summary Click Here for full report. Next week, we will host Off The Chain Capital (OTC) for an introductory webinar discussing their value-oriented fund which is well suited to capitalize on current market conditions. Off The Chain Capital is focused on outperforming Bitcoin while simultaneously cushioning downside risks. OTC has outperformed BTC in 8 of the last 12 quarters, …

Reversal looks important, and could extend 10-15%

October 3, 2022 in Technical Strategy

Q4 got underway with a welcome 2%+ gain for the Bulls on very strong Advance/Decline data which should help prices extend in the days ahead.   Nine sectors rose more than 2% while over four etched out 3%+ gains which looks constructive during a time when Equities are due to carve out an initial trading low.  While many rightly require additional …

CR next deadline 12/16, Debates reviewed as midterms draw nearer

October 3, 2022 in US Policy

Congress completed action on a short-term Continuing Resolution (CR) that kicks the federal budget decisions until December 16, after the midterm elections.  When Congress returns to pass a bill to prevent a government shutdown, the atmosphere may be very different if, as many anticipate, Republicans win control of the next Congress, which begins on January 3, 2023. One of the …

Few Bulls Standing Amidst Rising Market Volatility

in Weekend Alpha

Good Evening, There is an adage on Wall Street: Markets take the staircase up, and the elevator down. This week, however, markets got excited and took the elevator both ways in a rollercoaster tape for the stock market. The major averages took a unanimous tumble this week, with both the DOW and S&P 500 ending down -2.91% and the NASDAQ …