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 […]
Trigger Warning
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 […]
Must Watch
Markets are super noisy and jerky right now. Yield panic, recession concerns, headlines and tweets bringing about massive price swings in any direction. It can spin anyone’s head. Let’s step back and […]
Tight Rope
Bulls are walking a tight rope here. There are smoldering fires burning everywhere. Almost too many to list, all of which have the potential to unleash a major forest fire. Europe data […]
The Theme
In this weekend’s market update I want highlight a few observations that crystalize a theme that has emerged in this market: It keeps repeating key structures and patterns as it’s fighting a […]
Bitcoin Bull Chart
Time for a technical update on Bitcoin. In May in Bitcoin Resurgence, when Bitcoin was trading at just below $8000, I offered a technical analysis that outlined a potential move toward the […]
Perspectives
And yesterday it happened, the big flush following weeks of volatility compression. $ES down 250 handles in a matter of days. Now the bounce. Events like this can be overwhelming and you’ll […]
Hitting the Wall
Are we hitting the wall here? Markets. Economy. Technicals. Valuations. All appear at a key crossroads here. Last week’s 3% pullback, while in itself not seemingly dramatic, came at a very key […]
Watch Closely
Something significant has happened with US markets this week and whether you’re bullish or bearish I suggest: Watch closely. Full disclosure: We’ve been approaching July from the sell side and I’ve been […]
Gut Check
One day does not a confirmed reversal make, but I wanted to offer a couple of gut check thoughts and chart updates. If you’ve been reading my weekly market briefs and some […]
