The panic buying we’re seeing in $TSLA and $AAPL today, following the historic runs into the stock splits effective today, firms my view that we are setting up for something sinister in […]

As bears are capitulating and markets keep making new highs on the heels of yet another dovish speech by Jerome Powell investors continue to chase historic valuations. Nothing has mattered so far, […]

Relentless squeeze in $SPX and $NDX to ever higher highs and bears are capitulating left, right and center. Short interest at 15 year lows, asset manager index parked north of 100, the […]

A brief follow up to Reality Check: As indices, but not the market, keep crawling higher on the unprecedented market expansion in select stocks imbalances are building that suggest reversion risk is […]

This week the headlines declared the bear market over as the S&P 500 joined the Nasdaq to make new all time highs. A new bull market has begun so the celebratory narratives. […]

Our liquidity soaked markets keep beating ever higher as the monetary Praetorian Guard, otherwise known as the Federal Reserve, has dispersed any would be sellers. Some permabulls, all giddy that the Fed […]

The program is back and yesterday’s one day down day appears already long forgotten, but I want to follow up on a chart discussion I started yesterday with $OEX and continue here […]

Last week the question was whether hitting the February gap had any relevance. Other than a bit back and forth it did not and market continued higher according to the program that […]

Kill the algos before they kill us. If you haven’t noticed there’s a specific program running through markets this August, it’s not humans making collective price decisions, it’s algos playing ping pong […]