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NorthmanTrader

Markets-Macro-Charts-Alerts-Technicals

Russell 2000: The Oncoming Train?

Speaking against the grain is never very popular, but I can’t help having a passion for unbiased analysis. No doubt this bull market keeps humming along on auto pilot. Since April 14 there hasn’t been any serious downside action and the $SPX is on week 8 without a down week. Yet while everything is bought in sight every day I’ve outlined some technical caution signs in my weekend charts and with […]

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Hanging Man

After a ferocious rally based on no volume the $SPY closed the day with a hanging man candlestick pattern. These candlesticks are often associated with a trend reversal. As the candle is also black it could spell even more trouble for markets as recent black candles have been associated with at least several days of downside. Judge for yourself of course:

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Weekend Charts: Reality Check

Despite playing a bear on twitter for a while now I’m primarily a trader who seeks out good risk/reward entries and exits. I can’t influence the macro and so there is really no point in raving against it. Yet my bearish view on the macro remains informed by a relatively solid understanding of the workings of finance, capital investment, economics, debt, and currencies on the one hand and a long […]

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Shorting the Trannies

I’ve been watching the trannies for a long time. Not the kind of the evening variety but the chart of the transportation index ($TRAN). And yet both hold the promise of a coming surprise. While I never had the urge to know more than I needed to about the former I can’t help but get involved in a bit more probing way with the latter: Oh it’s a doozy, especially in light […]

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Check Mate

While key indices are now making new highs every day it belies the action underneath: One of dearth. More precisely: Participants are lacking. Yes you can jam up a market on no volume and very successfully so apparently: Apparently it doesn’t take much time to do it either, just a quick jam job in the morning and then camping in a tight range all day: Throw in the occasional sell day […]

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