On April 26 $SPX made a slight new high on a negative RSI divergence following a historic, near uninterrupted rally off of the March lows from the previous year. If you think […]

Has the bubble already popped and we haven’t realized it yet? I recognize it could be considered a ludicrous question to even ask considering indices just made new all time highs last […]

I’m a very lonely voice in equity markets right now. Technically nothing has really surprised me yet, not the $VIX crush to the February gap fill, not the move toward the 4156 […]

The ghost of 2013 indeed is hanging over this market. Nothing matters and the trend remains fully intact and new record market highs are made every month. November, December, January, February, March, […]

What have we learned so far in 2021? Simple: The relentless liquidity machine remains in full control. In addition to renewed and larger fiscal stimulus central bankers, including the Fed, have made […]

March 23, 2020. The day of the bottom and markets never looked back a few intermittent corrections aside. Central bankers have done it again: Print the world out of another crisis and […]

The ritual has become as old and stale as it has become predictable: A central bank promises to continue the free money spigot and market participants pile into risk assets as we […]

I trust nobody was surprised by the big market rally last week. After all we’re all joyful attendees of a big frat party, indeed one could argue the biggest perpetual frat party […]

In our age when every market disturbance is subject to intervention don’t be surprised when new intervention is coming. Last week’s bond jiggle got plenty people nervous. Velocity being the operative word […]

In Alternative View I highlighted the $VIX as a key chart to watch in 2021 for it showed longer term structures that suggest a major volatility event is to come at some […]