-286 !!!!

Tom McClellan (@McClellanOsc) posted at 5:40 PM on Mon, Apr 15, 2024:

The NYSE's McClellan Volume Oscillator is now officially "pretty darned oversold", just as is the A-D version. You can see the McClellan A-D Oscillator every day at
https://t.co/9E2Ao7daEa. https://t.co/WdEnlQr1E9
(https://x.com/McClel...2351933562?s=03)

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Aluminum, nickel prices surge after fresh sanctions on Russian metals

Shares of aluminum producer Alcoa Corp. jumped 5.4%

With the exception of metals produced before midnight Saturday in London, new Russian metals, aluminum, copper and nickel,  will not be allowed to be traded on the London Metal Exchange or Chicago Mercantile Exchange.

 

Doing my British and American taxes suffering from numbers overload.  What a pain in the proverbial.  A cursory look at my risk summation system seems to show risk windows on Tuesday April 16th maybe dragging into Wednesday morning and on Friday April 19th.  

 

Last week the risk windows on Monday and Wednesday didn't catch anything in particular just minor wiggles in the swings down, so they were more or less duds.  The Friday risk window did appear to have caught a low based on futures action this morning, the magnitude of which depends on action Monday and into the risk window Tuesday. 

 

 

I suppose tit for tat in the middle east will probably determine the stock market direction this week unless one of the several Fed speakers has a moment of clarity and actually utters some concern about the inflation Phoenix starting to spread its wings. 

 

Short term EWave wise, I assume five waves down are underway in the channel shown below.  If the 4th wave rally currently unfolding breaks the red dashed line, my count is trashed and the 1-2-3 become a-b-c (and I'm not even one little bit surprised). 

 

 

Regards,

Douglas

 

 

MUDEAST "PEACE" Relief rally may go all the way to new ATH but it will be tough going for BULLS during the next few week IF US$ trades above 104. It is now trading at 105.75

Will add SPY & QQQ PUTS above ES 5225 & NQ 18400