Fed speaker after Fed speaker telling us every which way that they may or may not raise rates at some point either this year or next year. All this after 6 years […]
Weekend Charts: The Army of the 12 Monkeys
Weekend Charts: Rollover
Stocks rolled over on Friday and the context matters. And the context was good news in jobs was bad news. The market is sending one message loudly and clearly: It does not like coming […]
Drift Away
Weekend Charts: Moving Parts
Any engine performs as well as the sum of its parts and on the surface this engine called the $SPX continues to operate as smoothly as ever. As we look at a monthly […]
Weekend Charts: The Sound of Silence
Hello darkness, my old friend, I’ve come to talk with you again And the people bowed and prayed To the neon god they made. And the sign flashed out its warning, In […]
Weekend Charts: Something Strange
Well that was different. No, it really was. Last weekend I made a strong bullish case and even outlined a chart straight into the $SPX 1960-70 area that we kept tracking on twitter all […]
Patience
Considerable Hubris
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 […]
Wedge Me This
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 […]
The Big Bull Market Lie
Much has been said lately about the popularity of company share buybacks which accelerated greatly in 2013. All of these activities are completely legit of course, yet I want to deconstruct how […]
