The 2019 market uptrend is officially shattered. Yes China trade concerns are the trigger, but as I always say: Technicals paint a picture of things to come and when things line up […]
Shattered
Trend Breaks
Pay attention here, we just witnessed trend breaks on some index charts and these breaks are coming at a key time and could spell more trouble to come. Speaking of key time, […]
Blast From the Past
“Those who cannot remember the past are condemned to repeat it.” – George Santayana Are market participants poised to learn this lesson the hard way? Perhaps they should listen to a blast […]
The Danger Charts
$SPX keeps lingering near all time highs only perhaps a headline or two away from jumping above last September’s peak reading of 2940.91. Tech keeps ramping along its wedge pattern irrespective of […]
Blowoff?
Is this the Combustion scenario unfolding here? The blowoff move? Sure seems like it. $SPX and $NDX closing at all time highs, a vertical move out of the gate today and people […]
Microsoft – A Sell?
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 […]
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 […]
