In recent weeks deteriorating internals and diverging relative strength sent strong warning signals that recent highs were unlikely to sustain and presented a technical sell opportunity on indices. The trigger for rejection […]
Who’s ready for a chart storm? In early September I outlined in Lying Highs that many sectors are either not confirming new highs or are not making new highs. Has anything changed? Let’s […]
Who are you going to believe? The data or the lying highs? This summer markets have again ignored all negative news. Be it trade issues, be it indictments and drama on the […]
Welcome to August. In recent days I’ve been beating the drum about tech stocks and a potential peak emerging there (see Tech Alert and Peak Tech?) and so far the action still […]
Big earnings reports this past week with some notable stock reactions, especially in technology. Recently, ahead of earnings, I issued a technical alert regarding the tech sector. Below please find a video […]
The $NDX keeps moving from new highs to new highs driven by a narrow group of stocks. Nothing new about that as this trend has been ongoing for some time and headlines […]
Unemployment at 3.8%, earnings growth at 26%, Q2 GDP growth pegged at a solid 4% or so, $NDX and small caps making new all time highs week after week. Markets ignoring all […]
All fear has left markets again as markets have rallied steadily into early June. $VIX has printed an 11 handle again, tech and small caps are making new highs. Optimism is back in […]
Some general chart observations for this Memorial Day weekend: Welcome to the chop zone, the place where the conviction of both bulls and bears get tested as markets relentlessly ping pong in […]
I received a lot of questions on yesterday’s Charts that make you go: Hmmmm. That’ll teach me to post charts without commentary 🙂 Hence let me offer some perspective on some of […]
A couple of weeks ago I outlined the $SPX zone of 2705-2750 as a potential rally target to fill some open gaps (Market in Transition). Since then we’ve seen several rallies that […]
Can markets extend and sustain new gains without a new free money carrot coming their way? Since the financial crisis bad news hasn’t mattered as markets always had the next free money […]
