Bad GDP...Bad ISM....Bad AMZN.....Good Japan....Japan Wins
The market has had a lot of bad news to deal with as of late. Two of the worst are the GDP, and the awful news out of the ISM Manufacturing Report this morning. The number 48.2 is showing contraction...
View ArticleDaily MACD's Just Too Strong For Now....Rates Falling...Sentiment Still...
The bear market almost took another turn down today as the S&P 500 threatened to blow through the last gap up at 1869, but after coming within three points the bulls kicked it in to high gear and...
View ArticleMore Economic Problems...Jobs...Nasdaq Breaking Down
The market has had every excuse to use economic woes as a reason to fall hard this past week. Poor numbers from the ISM Manufacturing sector, and then a hard decline in the ISM services sector. The...
View ArticleBanks Not Happy....Leaders Not Leading....Rates Falling...Late Day...
When you take the time to study what's taking place at any given moment in time in this crazy game we call the stock market, you need to look no further than the behavior in the financial banks. They...
View ArticlePositive Divergences...Market Wants Higher....Banks Atrocious....Fed Speak On...
The market is begging to move higher based on how far it has fallen in such a short period of time. Quite the intense move lower, but what makes it look so technically bullish short-term is the very...
View ArticleRally Time Off Retest?.......Still Some Positive Divergences....Banks Blast...
If we study the market charts we can see quite clearly that we're seeing bear-market action. That said, you can't go straight down forever. The Nasdaq fell 18% in just six weeks. By any bear-market...
View ArticleExploring Possibilities....Sentiment...
Throughout 2015 I felt the market was in a topping phase due to complacency along with massive, negative divergences on those key, monthly index charts. The market didn't fall much in 2015, but it...
View ArticleSentiment...Looking At The Technical World
The market is showing some very interesting pattern set-ups on the daily index charts. The oscillators on the attempted pullback on those daily charts are holding nicely with many of the bear market...
View ArticleRunning Up....Sentiment Playing Out...What Next?
The relentless run up is continuing as the bulls are letting the bears know they'll be remaining busy for a while. Now we will have to deal with some selling soon as the short-term sixty-minute charts...
View ArticleEconomic News Gets Worse...Sentiment Unwinding....Market doesn't Care
Lots of bad news for the bulls today as the bull-bear spread blasted up from -13.5% to just -1.0%. A 12.5 move of bullish behavior and thinking. Then to add to the bad news we saw the flash ISM...
View ArticleChallenging S&P 500 1947/Breakout....Sentiment Changes
A very interesting week as the S&P 500 made a strong move upward towards the double top breakout at 1947. It succeeded at getting through. That was as of the close yesterday, so naturally when you...
View ArticleNothing Bearish Yet...Hesitation For Now...Still Nowhere....ISM Up...
Right now is an EXTREMELY critical time for the market, and I'll explain why so pay attention. On Thursday of last week, we made a triple top breakout on the S&P 500 above 1947. A full candle day...
View ArticleRefusing To Fall....Sentiment Peeking Above Zero For Spread
The market got a plethora of happy news yesterday, which began with China's central bank deciding it was time for yet another stimulus program. In addition, we heard Mr. Draghi of the Euro zone promise...
View ArticleVIX Short-Term Bottoming Candle?....Bullish Big Picture Oscillators...
So many questions. Not sure I have all the answers you're looking for, but we can do our best to try and understand what's taking place. The VIX has been in a stealth down trend off the top. Other than...
View ArticleFANG Annihilated....Energy Leading....Changes Abound....Again!!!!
We have had a bifurcated market for the entire year. The Nasdaq is now down nearly 7% for the year, with the S&P 500 down only a drop over 2%. Why is that you ask? Simple really. The bear market is...
View ArticleDraghi On Deck... Market Waiting On His Decision On Stimulus
It's really no fun anymore. Markets used to be free before the world central banks decided they would become the stock markets around the globe. We could trade on technicals as well as fundamentals....
View ArticleNo Bear Here....Fed...Fed...And More Fed Intervention
Can a bear still occur? Of course it can. If we wake up one morning and the world has to deal with a major-bank default due to bad loans or too much exposure to oil if it keeps falling, then we all...
View ArticleWaiting On Fed Wednesday
The market volume today was very low. The reason is simple. Not many want to place bets in front of fed Yellen on Wednesday when she does what she has to do regarding interest rates. We all know she...
View ArticleEconomy Still Not Great....Rates To Remain Low Through 2018...Banks Not...
Ms Yellen stumbles and fumbled in her speech, because she really didn't have anything positive to say, but wanted to sound as if all was fine. For the market, of course, things are fine, since she...
View ArticleRally Keeps Going.....Fed Responsible Again
What is left to say that hasn't been said already. When you look at the charts from this report over the weekend, you will see that they are very self-explanatory. It's been a straight up move leaving...
View ArticleMarket Refusing To Sell At Overbought.....Some Negative D's On The 60's
The market was overbought on many of the index charts going in to the weekend. One would expect the market to pull back from overbought, especially when the overbought conditions were on both the...
View ArticleUnwinding...Market Environment
The market finally fell a little bit today. Are the bulls ok? I want to be sure you're handling it well. I wouldn't want any of you to feel someone is messing with you. I know it seems inappropriate...
View ArticleYAWN......VIX Lower...Beta Lower....Market To Nowhere
The emotions run high as it seems something special is about to happen, only to see it disappear in a puff of sadness. It looks like the market is about to rock, but it doesn't. You say to me, but it...
View ArticleFriday The Day...Any Day The Day?......Market At Trend Line Resistance
The fed market is on a mission. It wants to change the way we look at technical analysis for good. Or at least for a long time to come when the next bear market kicks in. That's likely a long way off...
View ArticleManufacturing Improving....Jobs Doing Well....Market Holds Well......Weekly...
The market day started with some nasty futures as the overbought, daily index charts were finally about to unwind some. That would have been great news. An hour before the market opened we got the much...
View ArticleQuiet Day
Theoretically, I could end the newsletter right here. Not much to say about today's action other than it was quiet with the job being to try and unwind things a bit on those overbought charts. The...
View ArticleFed Minutes Not Pretty....Bad News For Financial Stocks
The fed minutes came out today and they weren't pretty, if you're a believer in the global economic recovery theme. Ms Yellen said the committee felt that there were still strong risks to the global...
View ArticleWeekly Charts Showing Some Hesitation At Trend Line Resistance.....GDP Keeps...
So the market gapped up again, as usual, this morning due to the fed speak from last night. Any time Ms Yellen opens her mouth the market can't wait to rise. Flat futures became rocking futures, even...
View ArticleLate Day Selling Again....Oscillators Up High And Crossing Down...Sell A...
A second consecutive day for the markets with a late push lower after being up strongly for the day. The Friday push lower still allowed for some slight gains, but a black candle was printed, which...
View ArticleBreaking Out A Bit...
It wasn't the biggest, most forceful breakout above trend-line resistance I've ever seen, but it was a breakout and should be treated as such unless we immediately lose it back tomorrow. I know that...
View ArticleWhat Oil Problem?
There was a much anticipated meeting on whether the world's oil producing countries would put a freeze on future oil production since there was a glut due to decreasing demand. If the freeze was to be...
View ArticleMarket Can't Sell....Froth Ramping Quickly
The market is in the zone. No sellers. It tries to sell, but simply can't. The S&P 500, after gapping up early, fell back about a ten handle. Once it goes red the buyers come rushing back in....
View ArticleNo Real Selling....Most Indexes Strong....Nasdaq Lagging As Usual......VIX Dead
The Nasdaq has been lagging for the entire year and that's simply because of the higher P/E's associated with those four-letter stocks. In a declining-global environment within a forced fed-bull market...
View ArticleMarket Holding Up...Bears Simply Have Nothing.....Fed On Deck
The market tried once again to sell today, but again the selling was nothing to talk about. The market was down decently during the trading day, but the buyers, as usual, stepped back in with authority...
View ArticleFed Doesn't Budge On Rates
The long awaited move towards higher rates still isn't happening any time soon as we heard from our fearless leader, Ms. Yellen, who said that rates will be data dependent. We've heard that line month...
View ArticleMarket Hits Headwinds On Earnings, Economic Data And Technical's....Wrong...
The market has had a nice run in to the worst possible economic reports, and mostly poor earnings reports. We know why. It's called low rates. Even though we're seeing a slowing down in our own back...
View ArticleBad News Bought Again...It's All About Rates....Nothing Else
After seven straight down days on the Nasdaq, the market was ready for a bit of a bounce. The Nasdaq has been underperforming, mostly due to Apple Inc. (AAPL), which has been sinking like a stone since...
View ArticleMarket Holding On By A Thread
The Nasdaq has long ago broken down below all key, exponential moving averages. Bad action there, but this has been an S&P 500 bull market for the most part the last year plus. The Nasdaq has been...
View ArticlePoor Jobs....Daily Stochastic's Oversold......2043 Breaches But...
Another interesting bull-market day as there still seems to be nothing that can take this market down with any force. As a reminder, I have spoken about how we still haven't seen any major distribution...
View Article20...50 Dance.....Stochastic's Favorable
The market has pulled back from very overbought conditions and has done so in a way that has allowed all the daily RSI's on the key index charts to unwind to oversold. While not always the case, when...
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