MYTR BROADCAST – Friday

©2018 Mark St.Cyr in assoc. with StreetCry Media Partners. All Rights Reserved.

(Below is for the benefit of new listeners)

Today is the latest installment of the newly launched MYTR Broadcast. It is, as I iterate every day, in the 60/40 category of ready for prime-time. After giving it the once over myself 60/40 might be a little kind. Nevertheless, I decided we launch, and we keep shipping. And we have – and continue. Warts and all.

In keeping with that nautical theme think of it this way when listening – what we’re doing is knowingly put a vessel into the water where we are pretty sure the hull is intact, the engines are primed, but the rudder and a few other navigational necessities are not yet functioning up to par, or at all, and will need to be fixed on the fly rather, than sitting and waiting in dry dock. We’re still in the “harbor” at the moment, but getting this thing into the water and see if she would float in the first place was far more important. So here we are.

What I’m releasing currently is the equivalent of what would be the first hour of a multi hour program. It will expand as we go further.

It is a little rough around the edges, drifts a bit in subject matter, but I decided getting the first one in the can was paramount. And after careful consideration, I thought it best not to have to talk the engineer down from the roof one more time, because last time, I wasn’t quite sure if I had won him over to come back down, again. He just kept mumbling something like, “Not enough money in the world..” or something like that. But I digress.

With all that said here’s a few items of importance…

First: This broadcast/podcast is not downloadable. You must come here to listen, Yes, you can pause, fast forward or, rewind. But what you can’t do is download it. That’s one feature that will make this different from others. The reasoning is simple: I want no other vendor between my content and my customer. In today’s world of wifi and internet connections downloading is no longer a priority to consume at leisure.

Next: You’ll notice there will no longer be any sharing buttons. If you would like to tell someone about the site, by all means send them a link to the site. But linking to specific content where the content can be listened elsewhere? e.g., on some social media platform. I have no interest and believe it’s just a waste of time.

Watching The Wandering Sea

On both my show and elsewhere I have been stating that this week is a week that may be very important for signaling and clues as to where we may go from here both in “markets,” as well as what it may portend for business. I offer the following for further considerations.

On Thursday I posted a chart and some notations that I felt were important and the subsequent clues that may be forthcoming. It seems the “market” was intent on doing everything in its power to hoist a “middle digit” to that hypothesis and push ever higher still. And yes, even during the “overnight” sessions.

But that’s why I’m initiating the following, because the overnight may be where the true “tell” is. But first, I’ve updated the original chart and its annotations as to try to describe what may have been the reasons behind the moves. Remember: all conjecture of course. To wit:

(Source)

As you can see on the above (where the #3 arrow points) is where I was making the case for watching and movements that may be negative. i.e., “Down”

Subsequently it had not happened as that pattern suggested, however, so too did another pattern which I labeled “#1.” I’ve annotated the above with a possible thesis. I feel that if it plays out regardless of how the original pattern morphed or failed keeps the observation front-of-mind mode.

The reasoning for this is what has happened in the overnight session. (Remember how I keep saying you have to watch the overnight as Asia is open?) A funny thing has emerged that may help bolster my original thoughts. Here’s what I mean, again, to wit:

 

The above chart depicts the futures “market” at around 8:45ish ET. The original pattern I observed in the “Cash” markets seems to now have evolved in the overnight. It’s interesting, because as this pattern seems to be resolving as implied (i.e., negative) – the current level depicted above would catapult the 9:30 open even higher. (actually much higher!)

So now which is correct because we have two originally developing and implying the same, and a third (aka “Diamond” on top chart) resolving uncharacteristically. i.e., UP. Hint: Welcome to “Quad Witching.”

So where to from here? As always, no one knows, but I have annotated both charts with respective areas I myself will be watching for possible confirmation that something may be going awry to the entire “bull” narrative.

As always, we shall see, but at least we have something to look more precisely at for further clues.

© 2018 Mark St.Cyr