Is Microsoft a sell? One of the most successful stocks over the past 10 years? Are you mad bro? The stock only goes up, in fact it’s been up 8 years in […]
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Microsoft – A Sell?
Outside Days
Patterns. Signals. Always worth watching for technicians. When you see them you want confirmation. Today markets threw a very specific signal that is as of this writing unconfirmed, but it’s notable and […]
Lying Highs II
Does history rhyme? We will only know in hindsight, but here’s what I’m seeing: Negative divergences galore on new highs. In fact it all reminds me very much of what I saw […]
Perspective
Lots of “melt-up” talk these past few days. Today Larry Fink of Blackrock suggested the risk for stocks is for a melt-up as opposed to a meltdown. The rationale: Underinvested cash that […]
Combustion
This is all going to end badly, even some ardent bulls will freely admit this, the question is the how, when and the where. Frankly it’s a tragedy that’s unfolding and discerning […]
Icarus Warning
At the beginning of March I issued a warning about $BA when the stock was trading at $441. The stock has dropped over $70 since. Of course I could not have known […]
The Wedge
We don’t need no intervention We don’t need no market control No dark sarcasm in the trading room Hey, central bankers, leave them markets alone All in all it’s just another wedge […]
The Ghost of 2001
By now you’ve probably read a gazillion opinions on the inverted yield curve and seen a ton of analogs being discussed. On the yield front the general bullish consensus seems to suggest […]
Chasing Reality
Following a very aggressive counter rally off the December lows we remain inside the larger trading range of 2018, other than small pullbacks the Q1 rally remains technically uncorrected, but let’s be […]
Maxed
So the Fed croaked. No surprise as they have signaled it all year, but perhaps the extent of the capitulation is surprising. How scared are they? No rate hikes in 2019, one […]
BS Alert
Just a quick follow-up to the many divergences I discussed this weekend in Deception. One chart in particular really sticks out here and that is equal weight, the $XVG. What is the […]
Look behind the Curtain
I’ll post a more in depth technical update this weekend in the Weekly Market Brief, but as you head into the weekend keep the chart below in mind when you see all […]
