Breakout or Trap
This is crunch time. The run at the upside breakout in stocks is in play but volume is not helping out. The problem is that the Bond market is taking over. It would appear that the FED is fighting back…Continue Reading →
Big Picture
Market Volume tells a Story, and Secular vs Cyclical Markets
We continue to view volume/price action (Granville’s On Balance Volume Indicator) as important in this aging Cyclical Bull Move (within the Secular Bear Move). This indicator shows the following in terms of OBV numbers: S&P 500 …Continue Reading →
The Three Horseman Try to Keep Things Going
The three stocks that the hot money is pushing to try to get the upside breakout going, see May 19th post, GS, SBUX, and AAPL are getting a lot of attention today, watch them for a clue to when the…Continue Reading →
The Market has to Add Power, i.e. get more fuel….or it will Crash
Normally bull markets end with what I call a “hammerhead top”, a maneuver that you see at a air show, the plane goes straight up until the prop cannot pull any more air, the plane slides back down for a…Continue Reading →
Market Attitudes Flat Lining
In our April 13th we spoke of our measurement of market attitudes and the fact that on April 2, the bullish divergence hit it’s highest level since November 24, 2008 a time when the crash was well in place but…Continue Reading →
When the Chickens Come Home to Roost
Growing up on a farm provides one with a lot of rich sayings, my dad’s favorite when we were growing up was, “were you born in a barn ?” when we you did something wrong around the house. Free Range…Continue Reading →
It’s Not About the FED or Interest Rates
As the Bond and Stock Markets come to the end of the road we will be seeing something that has not been seen in years. People are going to sell because they don’t want to own either anymore. And this…Continue Reading →
Keying on October 15, 2017.
Key Words: what you believe in, Trickle Down, Consumption Economy, Growth…Continue Reading →
Take a Look at Our Home Page
Take a jump to the front page comments dated March 11, 2015 titled “A Look at Market Behavior Patterns”. As the first Quarter 2015 comes to a close the Macro’s appear to be ready to unravel the QE III story;…Continue Reading →
The Path to Interest Rate Normalization
All eyes are on the Fed today. The market does not look for a surprise, for good reason, the problems in the US and Global real economies were structural and have not reacted to the funny money since September 2012…Continue Reading →