This week’s renewed move above 3,000 on $SPX prompted victory laps by bulls as the multiple expansion program inspired by central bank intervention and trade optimism once again dominated the market action. […]
Playing with Fire
Replay
Are markets setting up for a replay of last fall or we just drifting higher on hopium and coming successful central bank intervention? I remember last September very well. All our technical […]
Hopium
The first round in the Thunderdome goes to bulls as another hopium based rally emerged driven by relief headlines. First on the news that Hong Kong tensions appeared to defuse and then […]
Amazon Mystery
The tech run has been incredible over the past few years. The concentration in market cap in the $FAANG stocks in particular have been subject to much discussion and speculation. Too much […]
Measured Move
Having fun with the endless chop that started in early August? Markets are consolidating inside a well defined price range. 2945 on the top end and 2822 on the bottom end of […]
ThunderDome
Bull and bear are entering the Thunderdome in September and October and only one will emerge victoriously. Both have 5 known developments to contend with inside the dome: The Fed, the ECB, […]
Yield Me This
Continued carnage in yields with added yield curve inversions. Where does it end, how low can yields go on this run or are there signs of imminent reversal. Lots of questions to […]
Keep it Simple
Markets blow up on Friday on a series of tweets, markets jam higher on the pronouncement of dubious phone calls on Monday. The rapid back and forth has many heads spinning and […]
Trigger Warning
Every single dip was bought this week in anticipation of the Jay Powell speech and every technical signal was again ignored until it was too late when the triggers suddenly hit in […]
Damage
What a day and week. I’ll do a more detailed run down on everything this weekend, but for now I’ll throw some basic charts your way to give you a basic damage […]
$SPX 2126
Oh yea, laugh all you want, but I feel obliged to present a technical case for $SPX 2126. Why? Because it’s there. And my eyes are wide open. Central banks across the […]
CONfidence
Markets are subject to a giant con game. The game of CONfidence. Confidence must be maintained under all circumstances or we’re heading into a global recession first and then a US recession […]
