New highs again for tech as $NDX keeps relentlessly crawling higher, now 16.2% extended above its 200MA. As outlined yesterday’s it’s a key warning signal. This latest rally has produced another warning […]
Narrow
Warning Signal
Yesterday $TSLA was screaming all the way to $968. One of those once in a lifetime vertical bubble moves. In TSLA Buy Panic I had warned that the move was not sustainable based on […]
Buy Panic TSLA
Each bubble has its poster child. Is $TSLA it this time? I can’t say, but I can spot a buy panic when I see one. This morning $TSLA seems to have peaked […]
What If
What if bears were right all along? What if it’s not different this time? What if this Fed liquidity inspired rally produced precisely the kind of exuberant final thrust we often see at […]
Watch this Space
I’ll discuss markets in more detail this weekend, but wanted to share something we’re watching. Obviously this week has been wild with steep rallies and also just as steep selloffs. On the […]
Breakout
Like the mini Iran crisis earlier in the month the coronavirus is already ignored as markets are once again rallying hard today and in process are crushing all volatility. Gap, ramp and […]
Trend Breaks
It’s that time of the year again when another exuberant rally gets too cocky, produces massive overbought readings as everybody is trampling long into stocks, is ignoring all the warning signs and […]
Rejection
And then it happened. Rejection. And with rejection come technical consequences. Perhaps the start of the first correction of 2020, the first correction since the Fed went wild on the intervention front […]
80’s Party
First they think you’re crazy and then they’ll join you. On January 14th I outlined a rather obvious appearing correlation between the Fed’s repo operations and the market’s behavior: Every day, no […]
Black Candle Magic
Did $NDX just trigger a sizable sell signal? Following the torrent rally since the Fed introduced QE in October $NDX had settled in a seemingly permanently overbought RSI reading above 70 beginning […]
Resistance
Does a liquidity driven momentum market that seemingly does not care about valuations, risk, open gaps and technical extensions face any resistance at all? Are there technical limits for a market that goes […]
Market of the Gaps
The bubble keeps on bubbling, the never ending rally keeps on rallying and the charts keep getting ever more dangerously stretched. Intra-day price discovery is virtually absent as volatility remains woefully compressed […]
