In order for this up trending market to lose that status its bounce should hold either here at the daily EMA 20 or at the SMA 50. Those averages coincide…
As suspected, yesterday's wonder rally was just such complete bullshit running on hype. I did not even think of covering shorts (including leveraged fund SPXS against the index shown below)…
A simple update showing that SPX has bounced to the SMA 50, which roughly coincides with the 50% and 62% Fib retrace levels and visual resistance. If SPX is going…
On April 16th we highlighted a weekly chart technical theme, which is the Reverse Symmetrical Triangle (AKA Megaphone) pattern. In full disclosure, I first saw the Rev-Sym-Tri elsewhere as noted…
As noted in NFTRH, as long as gold vs. stock markets remains strong, I remain strong. Period. There is no more important stock market than the S&P 500 (SPY) for…
So here is what JPM thinks... One big reason you should be in the stock market right now: J.P. Morgan Boiled down, that reason is that if Trump stops rampaging…
I was conversing with someone on Twitter about the yield curve and decided to go looking through the macro charts list for some visuals, and this beast popped out at…
So far we are 100% on plan. With the obligatory breakdown below and whipsaw back above the SMA 200 SPX has filled another gap and held the next support area.…
A super simple update using the daily chart that has appeared in NFTRH over the last several weeks. From NFTRH 553... "The market can bounce this week to fill the…
If VIX were a stock I'd be buying it right now. Look at that initial impulse upward, the hard flag back to the up-turning SMA 50 and new bounce attempting…
First off, I don't like that the signals are coming on the back of an uproar in trade. I'd rather they engage under cover of a complacent or even sleepy…
With respect to my mental health I have found that being actively bearish because I want to be bearish or because I think bearish is the right stance is not…
The loss was 10+%. That's the "ignominy" part. The "not really" parts are that a) the loss was steeper before this market correction and b) SPY was too blunt an…
Well, the short answer is that SPX is still on a top test and so far at least, it's not passing the test. There's a gap down lower at the…