Before I issue my 2019 Market Outlook in the days ahead I wanted to highlight some key practical lessons from 2018 as they will help set the stage for next year. Firstly, I think […]
Perspective
Big flush yesterday on the Fed and trends are breaking down everywhere right ahead of the Christmas holiday. In light of the intense market action I want to give you a quick […]
Dirty Rally
The case for a dirty rally to come: Why a dirty rally? Because investors just dumped stocks (see also: Worst redemptions on record) on the heels of massive warning signs (see also: […]
Mission Critical
As markets are on the cusp again with only a few trading days remaining before year end it is time to revisit the most important chart in markets. I’ve shown this chart […]
Cat and Mouse Game
Note: Below is an excerpt of the Daily Market Brief issued to subscribers on Monday December 10, before market open. It outlines our technical and macro rationale for positioning long into weakness […]
Volatility, She’s Back
Volatility is back and she’s here to stay and investors better get used to it. And traders, embrace her, she’s your best friend if you respect her. In 2018 volatility finally broke […]
Bear Trap #2?
Are we setting up for Bear Trap #2? After a 10% rally in $NDX in as many days a pullback was in the cards. From the Weekly Market Brief: “We’ll be reaching […]
Saved Again
Saved again. For a second month in a row markets were on the verge of breaking their bull market trends. For a second month in a row they were saved again into […]
The Missing Link
If I keep this up I’ll soon be accused of being a permabull 🙂 Oh I’m kidding. Yes I’m macro bearish but trade direction practical and data and technicals matter. Hence a […]
Mystery Chart
Whether we’d like to admit it or not we all have biases on some level or another. The hardest task for traders is to be unbiased especially in times of high emotion […]
The Icarus Effect
It’s not different this time, it never has been. The historical script: Bulls take everything to ever more extremes and keep raising target prices along the way ignoring the technical charts that […]
Mission: Gap Fills
$SPX dropped over 5% since last week’s highs in what seemed like a straight line down, down 6 days in a row with any rally attempt sold into. A vicious decline that […]