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Tag Archive for ‘$VXX’
Welcome to “Daily Charts”. This section of the website is largely focused on select technical charts we find of interest as opposed to in depth market analysis. None of these charts constitute a trade recommendation, but you may find them helpful for your own analysis. More detailed market reviews and analysis will be found in the also public “Market Analysis” section of the site. This is where we post more in depth content such as the popular […]
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 rate rises. Why not? After all, past experience shows that initial rate raises are accompanied by raising stock prices. The simple truth is that we’re not seeing the growth that usually accompanies a rate raising environment. Earnings expectations have come […]
Markets are on week 6 of a year 2000 like advance and the market’s last day resembling a down day was November 4. Positive seasonality to boot the case seems closed: Bears are dead. Yet in an environment of pre canned market prices a new feature has quietly been emerging and it is telling a story in a highly unconventional manner: Backwards. Let me introduce you to the curious case […]
Well they got it done. $SPX 2000.02 on the close. Magic. It took only the lowest trading volume of the year, lower than half day on Christmas Eve 2013. Of course none of this you will find discussed on bullish CNBC. Yes I know many continue to say volume does not matter. I disagree strongly. In my view there are very good odds we are finding ourselves in a drawn […]