The big macro wheels are turning and everybody better pay very close attention. The Reckoning is coming. Best hope for a substantive China trade deal and a last minute save on Brexit […]
We’re back in the phase of markets where bears look like idiots and bulls look like geniuses. In 2018, following the US tax cuts, a growing economy and expanding earnings had bears […]
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 […]
Every week the village gathers and watches the regularly scheduled public crushing of Mr. $VIX. It doesn’t matter what happens in the world during the week, it doesn’t matter what economic reports […]
Magic indeed. From last week’s brief: “For next week bulls have the opportunity to ramp markets anew for OPEX week as these weeks tend to be more favorable than not. The goal […]
This week markets reached the key resistance confluence zone I’ve been outlining and rejected from there. Still $SPX managed to close the week positively by 1 handle making it the 7th consecutive […]
Before I go into charts some things just have to be said: All pretense has been laid to rest. Bears have been proven right. Markets are managed by a central planning committee. […]
This last week had something for everybody. Bears got a 50-60 handle pullback on $SPX, bulls got a defense of the 50MAs amid continued sweet talking of markets by political leadership and […]
Bulls not only returned to the scene of the crime, they trampled all over it by re-entering the consolidation range of October – December. Bottom decelerations are made daily and with a […]
Markets have returned to the scene of the crime and participants act like nothing’s happened. After an 11 day rally propelling $ES futures nearly 11% off of the December lows happy days […]
It’s been a long journey from Lying Highs in September to the carnage we are witnessing in markets now. The bull market trend looks broken and political chaos is adding to lousy […]
Oh dear. Ten trading days left in the year and things are looking grim. Last week’s 100 handle rip off of the Monday lows was sold again amid relentless fund outflows producing […]
