This week we entered the Sell Zone as I called it last weekend. Overnight today $ES hit nearly 3004 and is currently 23 handles lower on the news that the latest NFP […]
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Distortion
To Be Or Not
Markets are faced with another gap event, the G20 meeting this weekend, specifically any outcome from the renewed Xi/Trump trade talks on Saturday. To be, or not? Will they, won’t they? Progress, […]
The 4 Horsemen
“And I heard as it were the noise of thunder. One of the four beasts saying come and see and I saw. And behold a white horse”. Did the Fed just cop […]
The Weakling
New highs are always informative from a technical perspective. What do the internals look like, are there divergences, positives or negatives, in short: How strong/sustainable are these new highs? Well, $SPX made […]
Watch this Space
Yes I am beating the drums a bit as people are getting all bullish because the next central bank rate cutting cycle is about to begin. Yesterday I outlined why things are […]
It IS Different This Time
They’re right. It IS different this time. It’s worse. Much, much worse. What is? Everything. In terms of preparedness for the next recession that is. Debt is higher than ever, be it […]
Curious Charts
There are many market charts to track and most headlines are focused on the $DJIA, $SPX and $NDX, but there are other key index charts of interest, especially at this time. I […]
Bearish Engulfing
In technical analysis one always searches for actionable patterns. The biggest mistake people make when applying TA is they see potential patterns and treat them like they’re valid. Now mind you there’s […]
Mystery Charts
Exhausted by the wild swings in markets? By tweets, daily newsflashes, central banks speeches, etc, all of which cause markets to move up and down on a dime leaving wide open gaps […]
The Bull Case
The May correction was technically well advertised in April, even before that, but the run in April stretching to new highs on $SPX and $NDX was a tricky exercise to navigate through. […]
The Dawning
The dawning may have begun, the realization that growth again has been overstated. Be it a China deal that’s dragging on with no clear path to resolution, and/or economic data that keeps […]
Ghost Chart
Are markets engaged in a major topping process? Last week I’ve raised the question of potential topping patterns being in the process of being formed if $SPX can’t recapture 2900 and move […]
