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…
The Megaphone (Expanding or Reverse Symmetrical Triangle) in the previous post is a larger weekly view. Today a man stares at a chart... ...and wonders if a daily Reverse Sym-Tri…
Unfortunately for we humans with our firing synapses and hence gnat-like long-term attention spans, this pig moves at its own pace, which is slow. Until the drama of a big…
SPX is making an announcement through a Megaphone topping pattern. Now hear this! "I am setting my sights on point 5 of an Edwards & Magee style Megaphone/Expanding Top/Reverse Symmetrical…
All I can do is advise what the charts say at any given time. What this one says is that my original downside target is in jeopardy as long as…
Because why not? The inverse of our old friend Amigo #1 (SPX/Gold ratio) is a primary macro indicator, after all. When last we looked at SPY/GLD we noted a less…
Before I begin this post I'll note that my largest position is a short on SPY, but my overall positioning in US and global stocks is decidedly long. So if/as…
I was not going to update because the market is not doing anything we have not already covered (it is again breaking above the equiv. of SPX 2815). But a…
This is one for the ages, this relief rally that is knocking on the door of becoming something more, all the while driving a lot of people absolutely nuts. That…
If there are any bears with enthusiasm left out there they may want to be watching the point from which SPX reached and reversed (a bit) today. The extreme target…
The rally has gone like this... Intense capitulation to the bearish price activity on Christmas Eve. Reversal after shakeout, with sentiment epic over bearish and screaming contrary bullish. Original target…
Last week SPX drove up to the 200 day moving average and then dutifully pulled back from it. Ah, but it is never that easy (or cut and dry) over…