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 →
The theme we have been seeing, where deficit thinking is driving the upward move of the markets is being tested today. The April7 low remains as a marker, we have seen a good bounce. Depending on the market the RSI…Continue Reading →
I am adding another weekly letter from John as to me he does a really good job of telling the whole story. We will continue during the week to focus on factors that allow one to react to these inputs….Continue Reading →
It would appear that our posts of Wednesday and Thursday are kind of on target. The market is embracing deficit/inflation induced price hikes on pretty much everything including stocks. For myself, I don’t really buy that tariffs are inflationary in…Continue Reading →