Here we go again. The great volatility crushing of markets that happens when markets levitate relentlessly and everyone gets bullish, but don’t let the calm waters during this OPEX week fool you, […]
As you know from this weekend’s The Case for New Lows, I’m watching larger structural charts closely. One chart that I didn’t include in the video, but perhaps should, have is $XLI, […]
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 $VIX is setting […]
As promised a bit more color to some comments I made this morning on CNBC. Look, I’ve been pretty clear I think: The trifecta of dovish central banks, record buybacks and the […]
Anyone watching the trannies? Some interesting things going on there related to timing, structures and patterns. Firstly note that transports ($TRAN), like the larger market has embarked on an aggressive “V” shaped […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
