“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 […]

$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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]