Junk is breaking down. Junk vs. Treasury and Investment Grade is weakening today, not furthering yesterday's upside momentum. The above show a chink in the armor of the risk 'on'…
It's yet another lesson that we need to either trade with our brains, not our hearts, or just stay the hell out of the markets. The Vampire Squid projected to…
We have belabored yields and yield curves (and TIP-TLT / 10yr Breakevens for that matter) and the signs have been inflationary. Today with the broad futures up once again, we…
The market pulled the ole' whipsaw on those thinking that Trump would tank the markets or that he was somehow good for gold. I don't really understand the logic of…
The 30yr-5yr curve is still rising and in the bottom panel the nominal 10 year yield is still rising. As such, the Vampire Squid (per this weekly NFTRH+ chart) is…
As thoughts settle and details surface about the implications of an insurgent US presidency, we can talk about fundamental changes to come for the markets. But for now our job…
We have been noting the relatively bullish look of the Transports (and the Airlines) in weekly reports and yesterday Tranny broke upward, only to be reversed today. I saw the…
A quick snapshot of the US, Japan, Europe and China. From this week's report: "SPX can bounce to the 2120-2140 area, which is thick resistance." Well, here we are. As…
The market has been very readable since before Brexit. It was over bearish and due for a post-Brexit rally . It was due for a drop to test major support…
As the screenshot shows, we give a nod to the election hype this week. After some editorial comments on page 1 we get down to the meat and potatoes election…
As you know, we follow the Medical Device iShares (IHI) on a weekly basis and have noted its over bought status for some time now. Not so anymore. Apparently, the…
If players are finally buying into the bearishness, now we are getting somewhere. Very simply, SPX has had a date with the 2100 (+/-) target we have had open since…
A few daily chart pictures to show some repairs in progress for 'gold vs.' other asset items, which also means degradation in progress for assets and markets positively correlated to…
All in one handy chart... I am not making any major point here except that like a card carrying GeekNerd I can sit and look at these things for longer…