$DJIA 27,000, $SPX 3,000, so the headlines and the president celebrate. Don’t let the headlines distract you, look under the hood. This rally is technically weak, it’s as weak as the reason […]
It may be a good time to remind everyone of an old market adage: Nobody will ring a bell when market cycles end. There won’t be a grand announcement that a top […]
Well, at least it’s all out in the open now. Nobody even bothers about growth or earning anymore (at least for now). It’s all about the Fed, markets by central committee. Don’t […]
This week we entered the Sell Zone.
On Mount Everest the Death Zone is the altitude above 8,000 meters above which climbers cannot survive for an extended period of time without oxygen (speak: artificial help). In the Death Zone […]
Markets are faced with another gap event, the G20 meeting this weekend, specifically any outcome from the renewed Xi/Trump trade talks on Saturday. To be, or not? Will they, won’t they? Progress, […]
“And I heard as it were the noise of thunder. One of the four beasts saying come and see and I saw. And behold a white horse”. Did the Fed just cop […]
New highs are always informative from a technical perspective. What do the internals look like, are there divergences, positives or negatives, in short: How strong/sustainable are these new highs? Well, $SPX made […]
In lieu of my weekly technical update this opinion piece instead: The free money whores are back again. Harsh? Perhaps. Untrue? Not really. As I’ve stated before our market system is broken, […]
They’re right. It IS different this time. It’s worse. Much, much worse. What is? Everything. In terms of preparedness for the next recession that is. Debt is higher than ever, be it […]
