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 […]
Deception
The Danger of New Lows
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 […]
$VIX Crush
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 […]
Caution
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 […]
Magic
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 […]
All Hail Chairman POW
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. […]
The Neutral Zone
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 […]
Coming Soon: Retest
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 […]
Return to the Crime Scene
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 […]
Imbalance
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 […]
Fed Rally?
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 […]
On the Cusp. Again.
For the third month in a row markets are on the cusp of breaking their bull market trends. And once again they need a magic rescue into month end to avoid such […]
