This seems like a risky reaction to a negative GDP report, NDQ was at 19025, but it seems like the data does support a market mentality that sees bad data as a reason to look at the speculative aspects of…Continue Reading →
As the U.S. economy heads into a reality check on the first 100 days it is becoming apparent that stocks want to focus on how lower consumer confidence, employment and production will make it more likely that the Fed will…Continue Reading →
The markets now face a tough decision. The stock market drivers are positive, even softening gold seems ready to join the party. But macroeconomic drivers are on an opposite course at the moment, and consumer polling sentiment is terrible. The…Continue Reading →
Today we saw a text book example of short-term volatility trading. Using the 30 min short term trading bars we saw levels between .70 and .75 hit today. Support levels in this kind of volatility, i.e. volatility with an upward…Continue Reading →
I keep saying, the RUT / NDQ ratio tells the story. 0.1050 on a close will be a big deal. We have seen 0.1039 in the past day, sitting at 0.1029 at the moment, 11:00 AM CDT. For reasons I…Continue Reading →
On July 15, 1970, my first day as a cattle trader on the Chicago Mercantile Exchange, my mentor said to me, keep it simple, the market only has three choices, up, down, or sideways, so anytime you feel overwhelmed, back…Continue Reading →
Monday’s overnight markets in bonds, gold, dollar, and stocks, are saying enough is enough. Crazy game over. Donald Trump increased his attacks on Jerome Powell. Basically, he’s saying that if the current situation is painful for everyone, it’s the Fed’s…Continue Reading →
10:40 AM CDT: A couple of comments as the market is kind of exhibiting a bit of mini panic, not like last week, but there is an element of the scary monster syndrome going on. The facts are, of the…Continue Reading →
This is a week to patiently settle in, maybe add to positions, but keep the power for the breakout. The lows were made on April 7, now we are seeing another retest, a little like what we saw last week….Continue Reading →
Even though the three main indexes held at critical levels yesterday, one has to keep in mind that market moves in this environment are a cross between bullish hopes and bearish fundamentals and function based on Trump’s intuition and threats….Continue Reading →