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 […]
Amazon Mystery
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 […]
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 […]
