Market Analysis 
Playing with Fire
(1)2453.82 was the high on $SPX yesterday and may still not be the high for this market, but bulls are playing with fire here and risk getting burned big time as we are reaching the upper price risk zone I’ve been talking about for quite some time now ($SPX 2450-2500) [for further reading please see… Read More ›
Market Facts & Surprises
Below is the June market review discussing markets in context of new highs looking at key technical and macro factors we’re considering at this time. To view the video/chart in larger screen please click on “youtube” at the bottom of the video screen and click “full screen”: To gain access to our daily market analysis please… Read More ›
Race to 1K
Note: This was sent to clients on May 23rd outlining the rationale for selling $1K headlines if/when they came: I woke up to futures red and news that 22 people (including children) having been killed in a horrific suicide attack in Manchester last night. Dozens injured. The 2nd terror attack in the UK this year. A… Read More ›
Lords of the Gaps
Not all market gaps fill, some can stay open for years or never fill. But most gaps fill. Sooner or later. In this context a chart of the $QQQ over the past year and a half reveals a stunner of a chart: 16 open gaps that I can count and perhaps observant readers can point… Read More ›
Panic Compressions
We’ve talked about the record low volatility compression in US markets for quite some time. In March we talked about a coming volatility spike (which we got), but the French election, like any of the previous elections in the recent past (think Brexit, the US election, the Italy referendum) all have served as triggers to compress… Read More ›
Shifting Gears
We closed our last $SPX short scale in overnight weakness recognizing further downside risk remains hence we have maintained our remaining $NDX and $RUT shorts. But we’re also cognizant of various technical and seasonal factors here and hence we are looking to shifting gears toward tactical longs for a few days and I’ll outline in… Read More ›
Beast Mode
I had an opportunity to speak with the Fast Money crew on CNBC last night about the Nasdaq and following the interview I received a bunch of questions via twitter and email. There’s only so much you can pack into a 4-5 min segment so I wanted to briefly expand a bit on the reasoning behind… Read More ›
The Final Wave
This week I had an opportunity to speak with Brian Sullivan on CNBC’s Trading Nation (see also Media) and discuss a couple of charts. In the interview I mentioned that from our perspective we are in the final wave of this bull market: “We’re coming from a point of view that we’re in this kind of final wave… Read More ›
