I do see the possibility that the rates have bottomed. Maybe this isn’t the exact tick of the bottom, but the breadth or strength of the move in TLTs is waning.
Therefore, one has to keep thoughts on the fallout …
Although great to see some follow through after the outstanding conclusion of last week considering the week began looking like an abyss, not much happened according to current phases in the indices.
So, here’s the rub-is this a triple bottom …
Last Thursday night I checked the market before going to bed, saw it was down 12 handles, poured myself a nightcap, then tried hard to sleep fitfully to no avail.
Lo and behold, I awake Friday morning to see that …
Fact is the toughest market to trade is one that is subject to geopolitical news. The fear that ebbs and flows as rumors which might become substantiated facts-might-create more gyrations then abelly dancer after imbibing two cups of Turkish coffee!…
Not sure I would consider today’s relatively meager rally a bottom, rather, more of a potential launching pad should the market hold up going into Thursday.
Clearly, there remains a lot of vulnerability in the indices not to mention uncertainty …
As the Phase turns or as I have written earlier this week, once the cycles begin the points of deterioration, in this case, simple physics-things in motion stay in motion-we get, well, what we saw during Tuesday’s session.
With NASDAQ …
As lots of damage was done last week, coming into this week, there were many reasons to expect therelief rally that Monday brought forth.
First, on a short-term basis, the relative strength indicators showed oversold conditions. Secondly, the Russell 2000s …
Many of my readers have attended at least one of the webinars we do on market phases. I begin each one the same way-talking about the cycle of EVERYTHING in nature, including the markets. I further comment that not understanding …
Wednesday night I wrote, “Watch Retail, the Financial plus Regional Banking sectors to take the lead. Then, follow that money trail. If they don’t cut it-could be the first “real” sign that the market needs a serious correction.”
Real alright, …
Typical to see a market bull run (like the one we have had since 2013) in anticipation of an improving economy, only to see the market sell off or run out of steam once the evidence emerges to support that …