The Top Unfolds
Here is an update of the Big Picture chart as of noon today. It is an inside day so far, the action should come tomorrow. You can refer to prior posts where this chart was used to see the rational…Continue Reading →
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The Asset Bubble Churn Continues
Today we published an article written by Bloomberg’s John Auther. It is an interesting look at research done around other pandemics. Go to home page menu: Covid – Another Viewpoint As to todays Market Update at Noon Here is a…Continue Reading →
Why ?
Why would anyone who has been lucky enough to ride the gravy train since last March not take profits and get out? Market internals are breaking down, factors like leadership, breadth, participation, sectors. None of this took any analysis, one…Continue Reading →
Markets do not Look Ahead
That is all one can say at this point. Things are rolling around in the bubble as this pattern continues. So the moment will come when the bubble is pierced. What does one need to know? Most important is that…Continue Reading →
An Analysis of Where we ARE
Today’s employment is history. My view is that the Next Depression has already started, look to West Virginia and Kentucky, thanks to Joe Manchin’s approach to jobs bill, and Rand Paul’s efforts toward vaccine hesitancy. Anyone thinking there is a…Continue Reading →
The Bullish Delusion Continues
Lets see what the reaction to the employment numbers are tomorrow. There are expectations and then there are expectations. The overall activity index remains stalled out and there is not enough volume to allow the big traders to exit. I…Continue Reading →
Only One Thing Today
The Dollar is higher. Everything else is clawing to hold on to AIR. Kind of like suffocating.
The Technical Rotation Continues
What we have discussed over the past few weeks continues. The overall cash available to push around markets has plateaued. Money has been moving around for no fundamental reason. There has been no reason for Tech stocks to rally over…Continue Reading →
Where are the People?
What I see is a faltering Reopening story, and all the happy talk about strong corporate earnings for the last half of the year may be suspect. Here are both a daily and hourly version of the macro liquidity chart…Continue Reading →
Drill Down Friday
It is the end of the week, lets look at the hourly version of the chart I sent out the past two days, the daily and weekly versions. The hourly is what I watch when I see a trigger developing….Continue Reading →