Today looks like an extraordinary Hammer II. The S&P daily high price took out the high for September 23rd by three point 4471 vs 4468. More importantly the “The Big Canary”, interest rate adjusted FANG stocks, have now at 9:30…Continue Reading →
Archive for October 2021
Ten years of Funny Money, starting with Bernanke’s FED QE2 in October 2011, provide lots of bounce activity to the markets but do not negate what is evolving. Today we are seeing kind of a test of some solid moving…Continue Reading →
For the markets, the next couple of weeks will be the most instrumental of the year. As forces line up for this decisive time, the direction, up or down from here for stocks is in focus. And, a big Chaos…Continue Reading →
After many attempts during the week
An early weekly view. The market technicals point to the fact that the market has topped, market traders however point to their view that nothing has changed and we are headed to new highs again. That should mean that we…Continue Reading →
So far the market is ignoring the danger. We may cover half of our short position for a bounce trade if we see panic, that would require an RSI of 18.00 or less, the low today is 36.00.