The bulls are back. $SPX up nearly 8% in January and nearly 14% off of the December lows. What slowing global growth? What reduced earnings expectations? Trade wars? Who cares. It’ll all […]
Bull Trap
It’s Not Over
The bull case is now obvious, easy Fed and a prospective China deal. What about the bear case? After all $SPX remains below the 200MA, and below the monthly 15MA and is […]
The Vixen
Mella sent the post below to clients earlier in the month and highlights a critically important charting lesson: How to utilize $VIX and other volatility products to signal not only coming risk […]
The Freak Chart
I got a freak chart for you that’s stunning, but bear with me here because it requires some background and patience. Most of us are focused on the daily or weekly action […]
Stay Alert
I’ll provide a more in-depth technical update over the weekend, but just some quick thoughts and perspective as we are witnessing this melt-up during this OPEX week. My main message: Stay Alert. […]
Bear Hugs
Today is January 16 and $ES is 300 handles above the December lows. Bears look like they could use a hug. Not a single retrace since the January 4 Powell “balance sheet […]
The Big Question
$ES has rallied nearly 300 handles off of the December lows in just a few weeks. The big question: Is the bull market saved or is a larger bear market still to […]
Intrigue
So we got the Dirty Rally I alluded to before Christmas. The imbalances I highlighted on December 23 called for a reconnect to moving averages off of the 2340 $ES zone and […]
Power Trendlines
Market action is heavily dominated by algorithmic trading and programs. Nothing new about that and it’s a reality of the market environment. In December algos were blamed for the steep sell-off, nobody […]
2019 Market Outlook
The cataclysmic action of Q4 left investors shellshocked as stocks plummeted and over 90% of US Dollar based asset classes ran a negative return for 2018 going against all Wall Street forecasts. […]
Shattered Trends
2019 is shaping up to be a complex year for financial markets. As I’m preparing my 2019 Market Outlook I’m reviewing the state of various technical drivers before forming conclusions. I’ve started […]
Yearly Candles
Yearly closes happen, well, only once a year, hence it’s always good to take a look what insights can be gained from checking the yearly candles versus the yearly 5 EMA, a […]
