The program is back and yesterday’s one day down day appears already long forgotten, but I want to follow up on a chart discussion I started yesterday with $OEX and continue here […]
Last week the question was whether hitting the February gap had any relevance. Other than a bit back and forth it did not and market continued higher according to the program that […]
Kill the algos before they kill us. If you haven’t noticed there’s a specific program running through markets this August, it’s not humans making collective price decisions.
The abundance of open gaps is one of the many technical issues that give pause about the eventual sustainability of this historic liquidity driven rally.
It’s been a while since I’ve written about Bitcoin and for good reason: Bitcoin was stuck in a consolidation range for 3 months and the question was whether BTC could break out […]
The price action is a horror show.
You know where I stand: Markets have been bloated to high heaven via unlimited and unprecedented liquidity injections creating the illusion of a bull market when there is none. Yes indices such […]
Raising red flags during a bubble is a thankless job. The crowd gleefully cheers the momentum and as tops are processes anyone voicing contrarian reservations looks to be wrong while the bubble […]
Newsflash while the tech bubble is running: Most major indices still peaked on June 8th, a month ago. Hey, it may mean nothing as yet another stimulus package is just around the […]
At this stage market are basically just a liquidity meth lab, an artificial behemoth constructed and subsidized by the Fed stepping in on any downside in markets. Following $3 trillion in liquidity injections […]
