Bears and bulls frustrated-perhaps the Wolves of Wall Street will fare better tonight for the full moon!
Back to an unconfirmed warning phase in NASDAQ. The small caps continue their distress. The 200 DMA may not mean as much as …
Like counting sheep-here are the thoughts in my head each night:
After an initial scare, most major bull markets in U.S. equities also occurred during periods of rising interest rates, which of course hasn’t really happened yet, (market seems to …
“Markets are not stable at all-time closing highs. Assumption-something big is coming. No sell in May, go away kind of event either.” From this weekend.
“Rising interest rates means the cost of money and credit is going up, and if …
Dow Average Closes out a super choppy week at all-time high of 16,583.34. Interest Rates and US dollar firm. No significant phase changes in the 4 indices leaving a lot of weary traders to boot!
I have waited a long …
“Sell the mighty or buy the meek? Buy the strong and sell the weak? Only the most experienced and flexible traders should know what to do now.”
I wrote that last night, but that is not fair since even the …
As if the divergence could not get any more spectacular on every level-here’s the breakdown:
S&P 500-Bullish Phase Closed Green
Dow-Bullish Phase Closed Green
NASDAQ-Strong Warning Phase Closed Red
Russell 2000-Distribution Phase-Closed Red
3 phases among the 4 indices!
What …
When we used to do a lot of sailing, before we moved to the high desert, we would look for white caps in the water as a sign to put on those life preservers and navigate for calmer seas.
Most …
With our temporary New York apartment setup, we see the mouth of all the waterways that converge in lower Manhattan before the water continues its journey to the west side up the Hudson River.
The currents change directions and run …
As you all well know by now, I have been super focused on interest rates. Last Thursday I wrote that a possible scenario would be to see double or triple the average daily volume on a breakout to new highs …
From Headlines to Flatlines. Think I need to say more? Here is my last tweet on the public stream:
At least if we had inside days setting up that would be somewhat interesting; instead we have an oxymoron-lifeless noise.
Here …