Today looks to be a reaction day, and setup for earnings tomorrow. So the S&P could pop up to 2676. This will be a major sell opportunity. The yield curve continued to flatten yesterday, reaching a new flattening low since…Continue Reading →
Volatility Massacre We have bee sitting back the past few days, letting the volatility massacre the players, as the bulls pay too much on these crazy rallys and then panic at the end of many of those days. Trading equity…Continue Reading →
As mentioned yesterday, the first technical confirmation of the downside move out of the head formation on stocks will occur when we see the three day average under the 200 day average. Again, this is a big deal, the bulls…Continue Reading →
Political and Economic Disruption With no new significant change news over the Easter / Passover weekend, this may be a time to look back, review and get all the ducks in a row as the stock market heads into an…Continue Reading →
January 25, 2018 was the S&P Stock Market High. We call this the Pivot Day. Since that high we have been watching the stock market puzzle unfold, the initial decline, the bounce rally, the indecision volatility, and now over the…Continue Reading →
This week we have seen early exuberance in the stock market and a settling back, on track for the market top scenario that has been unfolding since late January. The Big Theme To me the big theme is headline confidence…Continue Reading →
When you leave the Hose open. But all that for another day. The important thing this week is the economy. Our view on the late January Market Top seem to be reinforced. How can an economic approach that includes moving…Continue Reading →
The tariff question is behind the current turmoil, but the market seems to want to go into a wait and see mode and still believes the growth story. What that means is that S&P 500 weekly data is now where…Continue Reading →
Trade negatives along with implementing deficit funded tax cuts for the rich are two no no’s that we have talked about repeatedly. We now just need to watch closely for a bit. The stock market bulls still view this as…Continue Reading →
What has been learned based on that day? Whether it be the broad term of “the market”, or analysts”, or”traders”, or “investors” there is a lot talk on the table, and I would say little that is really firmly understood….Continue Reading →