If ripened fruit has not been picked from a tree, it will eventually fall.
For those unwittingly standing beneath that tree, falling fruit can cause a nasty bump on the head.
Considering how overripe the market and economy have been, …
On the daily charts, the Russell 2000 IWM broke down on September 26th, when it closed below the 50 DMA and into a Warning Phase.
Then, last week, the first breakdown on the weekly chart confirmed under a key exponential …
On August 22nd, I wrote a blog called “Can the Market Live on Canned Rations?”
In it I wondered about the threat of the Transportation Sector:
“Transportation IYT, made a new all-time high, but closed beneath 206.90 and the older …
Take a good look at the photo.
You will see a really long line that extends well out-of-sight.
We stood on that line from 1 AM until 5 AM along with the rest of the crowd. Maybe it was the …
Last week, the Semiconductors ETF closed under the 50-week moving average for the first time since November 2016.
Three weeks before, the Regional Banks ETF (KRE) broke its 50-week moving average.
However, KRE does not have the same record as …
Starting with last Monday, the divergence between the Dow and the Russell 2000 became a hot topic.
All throughout the week, rates and the dollar rose along with oil.
The Dow made a new high, but did so all alone.…
Our radar screen lit up today as many instruments changed phases for the worse.
Transportation (IYT), such a big focus as the one to tell us what’s next, went into an unconfirmed warning phase.
Semiconductors (SMH) went into an unconfirmed …
We see a perfect illustration of today’s action in the sculpture if we think of the “adult” as the Dow and the “child” as the Russell 2000.
In the overall metaphor of the Economic Modern Family, the Russell’s are granddad.…
The Hindenburg Omen, prompted by Jim Miekka in 2010 after the market crashed, pops up for us today.
Basically the prediction is that when the daily number of new 52-week highs and 52-week lows are both greater than a percentage …
Today, several headlines hit the market.
All gave the market happy feet.
Quietly, House Republicans extended the tax cuts for individuals to expire within a decade.
They made the tax cuts for corporations permanent.
The cuts preceded today’s trade deal …
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