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 […]
State of Markets
$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 […]
Breakdown
I’ll aim to do a proper technical update this weekend, but wanted to share some thoughts on this market breakdown this week. I’ll focus on the big picture here not on the […]
Stalemate
Where is it? The great bull market? Where is the imminent great bear market? Fact is markets are in engaged in a big game of stalemate. Bulls keep buying every dip, but […]
$VIX Getting Jiggy
$VIX is building another clean technical pattern. Recall this summer we identified a coming $VIX volatility spike informed by a pattern structure forming. Since that spike to 24/25 in August $VIX has […]
The Key
Markets keep flirting with new highs following the recent rate cuts by the ECB and the Fed and keep rallying on trade optimism in the face of disappointing global economic data. While […]
The Bear Case
It’s a dirty job and someone has to do it. May as well be me and I’ll make the bear case here as difficult as it is. And I say difficult, because […]
A Curious Moment in Time
Please read this paragraph carefully: “Since last year real GDP growth has been slowing. The chair of the Federal Reserve has been signaling that, while growth is slowing, there is no recession […]
