It’s not different this time. It’s worse. For weeks the bull machine was relentless, ignoring everything on the heels of massive central bank intervention. The warning signs kept mounting in charts getting […]
It’s not different this time
The Turn?
Did markets just hit a key wall and are ready for a much overdue turn? That’s the question we want to explore from a technical perspective following the sudden reversal action on […]
Chipping Away
$AAPL, the largest tech stock on the planet, pounds out a revenue warning and $NDX makes new all time highs. Ha ha. Poor bears, if you can’t take advantage of the shutting […]
NDX check
Over the weekend more stimulus chatter from the Chinese and voila the post holiday market losses in China were erased no matter how severe the impacts on the Chinese economy may be. […]
$AAPL Check
As the asset bubble roars on it is time to check in on $AAPL, one of the 4 horsemen of the Megacapocalypse. Four stocks not only controlling and dominating so much of […]
VIX Check
Time to check in on the good old $VIX. Crushed again on Friday following another week of meaningless chop during trading hours. The broader price ranges continue to be printed in overnight […]
1937
We’ve talked about the year 2000 comparison (Party like it’s 1999). In 2020 markets went onto a similar structural tear just having rammed relentlessly higher. In 2000 markets famously topped in March […]
Distortion
Once again they took all the pain away. What looked like the beginning of a larger market correction, amid renewed reductions in global growth outlooks, was again aborted in its tracks by […]
Uh Oh?
In context of the week’s market gains Friday’s decline was minor, but context may matter. While bears again got the rug pulled from under them as markets got a new dousing of […]
Narrow
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 […]
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 […]
