Markets Following The Lines

Geoff Bysshe | February 12, 2020

Yesterday I described picking top days vs. ranges, and today the markets followed the lines that were highlighted.

The DIA had been confined by a 5-day range until today. Its range didn’t turn out to be a top, but it …


Rather Than Pick The Top Day, Do This

Geoff Bysshe | February 11, 2020

Today, the markets got off to a strong start and then consolidated lower in a very orderly way.

As a result, today was basically a consolidation day that happened to also touch new highs in several markets.

If I was …


Is The Coronavirus Fueling The Stocks’ Rally?

Geoff Bysshe | February 10, 2020

Big cap stocks pushed the market higher today without any real notable catalyst.

Big cap stock indexes seem willing to rise so long as there isn’t a compelling reason for them to fall.

This type of price is usually associated …


Market Truth Lies in the Eye of the Beholder

Mish Schneider | February 9, 2020

We (all the residents on our street) have had an ongoing battle with a neighbor.

Since we live in a historical district, you are not allowed to post billboards on bordering walls.

Yet, this neighbor feels compelled to keep posting …


Seriously, A Second Inverted Hammer Doji in Volatility

Mish Schneider | February 6, 2020

I have rarely seen this.

A second inverted hammer doji in volatility.

That either means that buying is just about over and hello correction, or we have yet to see parabolic type buying come in.

Regardless, something big is coming.…


Volatility’s Inverted Hammer Doji Warning to Bulls

Mish Schneider | February 5, 2020

An inverted hammer doji is created when the open, low and close are all around the same price.

Often, this candlestick pattern signals the end of the down move, or that a reversal is possible.

After a downtrend, this type …


Market Be Like Standing on a Galloping Horse

Mish Schneider | February 4, 2020

Last night we took a long view whilst sitting atop a truck.

Tonight, we take another long view, only this time, while standing on a galloping horse.

Hence, coming into today we looked at how VXX would do, and how …


A Market Long View with Protective Gear Required

Mish Schneider | February 3, 2020

Often, it pays to sit atop the fray and take the long view.

Even if it means doing so with protective and reflective gear on.

We noted over the weekend that the S&P 500 touched down yet held the 50-DMA, …


The Market’s Phantasmic Irrationality

Mish Schneider | February 2, 2020

Vikky Alexander “is fascinated by spaces that are saturated with extreme beauty and total artifice.”

Phantasmic means unreal and illusory.

In this installation, mirrored pillars stand before projected images.

The mirror’s multiple surfaces fracture the perspective. The result is to …


Market Buyers Slow Down & Ponder Are Bears Wild?

Mish Schneider | January 30, 2020

On a recent road trip, we saw this sign.

We stopped so I could take a photo, but also so we could ponder what wild animals should we be on the lookout for.

To the question “Was that the V-bottom …