Are markets engaged in a major topping process? Last week I’ve raised the question of potential topping patterns being in the process of being formed if $SPX can’t recapture 2900 and move […]
Ghost Chart
Gold going Bull?
Is Gold about to go full bull? Let’s check some charts. Before we do, some basic price facts: Gold peaked in 2011 just above $1900. Since then it’s been an exercise in […]
Toxic Mess
Market price discovery has become a toxic mess and traders have to adapt to changing conditions. Fast. Blending an understanding of technicals with a keen awareness of the outside influencing factors on […]
Sins of the Past
Yesterday I had an opportunity to speak with Mike Santoli on Trading Nation discussing some chart patterns that suggest markets may be repeating the sins of last year. I wanted to expand […]
The Lost War
Did the US just lose the trade war? It seems like a ludicrous question to ask at this time as the US just raised tariffs on China to increase pressure on the […]
Deja Vu
Let’s all just step back a minute and drown out all the noise. The economy, the trade wars, the Fed, the news, buybacks, everything. Let’s just look at a few very simple […]
Reality Check
And then The Never Ending Market Rally ended. With a tweet no less and $VIX exploded 82% higher just days after $VIX futures net short positioning reached an all time high. Knuckleheads. […]
Shattered
The 2019 market uptrend is officially shattered. Yes China trade concerns are the trigger, but as I always say: Technicals paint a picture of things to come and when things line up […]
Trade Deal Games
With 2 tweets China’s tech indices were sent down 8% in overnight. The tweets I’m of course talking about are Donald Trump’s tweets threatening to raise tariffs on China this coming Friday. […]
The Never Ending Rally
Is the never ending rally ready to blast off or is it running out of steam setting up to finally correct? Let’s first separate facts from fiction. Forget data and earnings, only […]
Trend Breaks
Pay attention here, we just witnessed trend breaks on some index charts and these breaks are coming at a key time and could spell more trouble to come. Speaking of key time, […]
Blast From the Past
“Those who cannot remember the past are condemned to repeat it.” – George Santayana Are market participants poised to learn this lesson the hard way? Perhaps they should listen to a blast […]
