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NorthmanTrader

Markets-Macro-Charts-Alerts-Technicals

Stuck

That humming sound you hear is not the collective buzzing of bees enjoying the warming spring weather it is the groaning of traders trying to gain an edge in a directionless and very choppy market dominated by algo programs that hunt for stops. Whether calling for a move above 1,900 or a correction, so far, all our collective voices have been forced to be patient and flexible: There has been much […]

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Did the $XLU just ring a bell?

Last week I outlined the similarity in the ramp of the $XLU in 2013 with the current run. Similar channel, price action, timing, you name it. In 2013 this run was followed by a sudden and very steep correction in the May/June time frame. This week we got puts on the lower high which are reacting very nicely to the sudden drop. Will the channel break soon in similar fashion? I’m curious […]

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Faking It

As most clients know I have a negative bias toward Janet Yellen, even more so than her predecessor. Ben at least was an accomplished communicator of misperception which is another word for liar. I understand the need to keep up perception as confidence is key to keep an entire system based on debt and funny money running. But Yellen is just beyond awful. Evasive, nonspecific, and outright misleading her entire […]

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Yellen’s Line in the Sand

Mrs Yellen, who has never managed stocks or has any qualifications to give investment advice is telling the world that she has ordained that stocks are reasonably valued and that no bubbles exist. This comes from the same woman who has supported her predecessor’s policies to artificially inflate the Fed’s balance sheet by over $4 trillion and counting. The gall on display is quite something, considering that the policies she has […]

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Dining at the “V”

The other day I talked about V cups facetiously. This morning was a repeat of this pattern that has dominated markets now for months: The message: Buy any down, it doesn’t matter what or why who cares just buy. In other words, be as reckless as you possibly can be and the market will reward you. It will always be lifted. Some simply say it’s a bull market, but that’s not […]

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