Lots of chatter about a coming melt-up coming in stocks. And why not? If fundamentals or earnings growth no longer matter and markets are drowning again in artificial central bank liquidity may […]
Melt-Up
BreakOut Fake-Out?
The Fed cut rates, the ECB officially launched QE, and a parade of administration officials touted progress on the ever elusive China trade deal for the 100th time and voila: Markets breaking […]
Launch Failure
Well, I hope it was all worth it. What was? The Fed whoring itself out to market pressure once again of course. Throwing in that totally unnecessary 3rd rate cut. But they have […]
Magic Show
It’s that time again, the magic levitation show, but this one is a peculiar one. I talked a bit about it in Zombieland, but the continuation on the same path this week […]
Zombieland
Bulls taking victory laps, bears crying, new highs on Friday in some sectors and charts settling the US stock market near a historically high 145% market cap to GDP. What’s it mean? […]
Gold Bull Part II
I’ve received a lot of question on gold ($GLD) recently, hence time for an update on Gold. Remember big patterns take time to build and it takes patience to see these patterns […]
State of Markets
No new highs, no new lows, lots of chop and still no decisions on anything. New highs or not, trade deal or not, hard Brexit or not, the list goes on and […]
$VIX Crush
Oh look, the $VIX is getting crushed again. Given all that is going on globally one may be inclined to express surprise, but it really isn’t a surprise. See there’s this monthly […]
Control
Let’s keep it simple shall we: 2019 remains a battle for control. The forces of intervention want to “extend the business cycle” as Jerome Powell likes to frame it by any means […]
The Curious Chart of $DJIA
The $DJIA chart is telling an interesting story, technically speaking that is. Frankly not sure what the message is quite yet, but I find it fascinating hence it might be of interest […]
Decision Time
Well that was fun. Big nasty drop and a vicious rally back up. Standard script right? After all we’ve all become accustomed to drops not lasting more than a few hours or […]
Double Top?
Before you go all “here he goes again” I’m not calling for a double top, I’m highlighting the risk that markets may have made a double top and that has implications. Let’s […]
