In last week’s Weekly Market Brief I made the case for a coming $VIX spike: “With a $VIX now at 13.5 and a big open gap at 24+ the $VIX is setting […]
The Danger of New Lows
Curb Your Enthusiasm
As promised a bit more color to some comments I made this morning on CNBC. Look, I’ve been pretty clear I think: The trifecta of dovish central banks, record buybacks and the […]
Chart in Focus: $TRAN
Anyone watching the trannies? Some interesting things going on there related to timing, structures and patterns. Firstly note that transports ($TRAN), like the larger market has embarked on an aggressive “V” shaped […]
Chart in Focus: $RUT
Just sharing some technical observations here, found the $RUT of interest today namely because it is the one major index that seems to struggle with its 200MA. Remember small caps led in […]
Boeing Danger
Is Boeing the most dangerous stock out there? Is it a major threat to the current market rally, specifically the $DJIA? No I’m not talking about Boeing’s fundamentals. The company looks to […]
Monthly Charts
Near the December lows markets were vastly oversold and deeply disconnected, a rally into early 2019 made perfect sense. Seeing MA reconnects, alleviate oversold conditions. The question was always: Was December a […]
Dow Wow
The $DJIA got to within 3% of all time highs yesterday. Quite the feat from being down 20% off the highs just 9 weeks ago. Credit where credit is due: Jawboning works. […]
Highway to the Danger Zone
On Thursday markets nearly broke their uptrend from the December lows, but once again a magic Friday overnight gap up driven by renewed hopes for an imminent China-US trade deal and supported […]
Warning: Complacency
I see the world is fearless again. The higher we go the more bullish people become. The same people that were bullish (and wrong) last year are bullish again and as prices […]
The Lost War
At the time of this writing US markets are up 9 weeks in a row following the December lows making for risk free markets since Jay Powell famously caved on January 4th […]
Watchlist
A rally that has largely been driven by central bankers turning dovish and a daily dose of China hopium headlines has run into trouble this morning as retail sales have stunk up […]
Macro Frost
Markets are red hot, but it keeps getting downright frosty in macro land. Bulls will say none of this matters because an easy Fed trumps fundamentals. And that may turn out to […]
