‘When Airplanes Fall from the Sky’

As my latest update for the E-Mini S&Ps attempts to make clear, I expect the stock market’s agitated tedium to be resolved to the downside, and soon. Although bears made little headway on Tuesday, DaBoyz were unable to make hay with this with the usually obligatory short squeeze. This is weakness masquerading as indecision, and it’s unlikely to last for more than another day or two.  Readers can click here to access the recording of an impromptu tech-analysis session held online Tuesday morning. The discussion includes forecasts for some widely followed stocks, index futures and ETFs.  I also recount a troubling dream that awakened me Tuesday morning that could be entitled”When Airplanes Fall from the Sky”.  If you’ve considered the alarming possibility that U.S. banks might be shuttered for an indefinite period at some point, this segment provides a possible reason why.