Amigos 1 & 2 Arrive, #3 Still Out There (as yield curve flattens)
The 3 Amigos were a blogger's way of not boring himself to death while fleshing out important macro indicators month after month. Amigo #1 (SPX/Gold ratio) got home and dropped…
The 3 Amigos were a blogger's way of not boring himself to death while fleshing out important macro indicators month after month. Amigo #1 (SPX/Gold ratio) got home and dropped…
Here is a screenshot of the US stock market portion of the NFTRH 532 Wrap Up... The holiday bounce played out to a degree but even considering this morning's drop…
While the odds of SPX declining to 2100-2200 have increased greatly, I think the combination of deplorably bearish sentiment and the seasonal (yes, I am still giving that some consideration)…
So first off let me own the fact that I'd originally leaned toward a grind with an upward bias into January by this weekly chart. That upward bias would have…
It turns out the stock market appears to have taken the "grind" theme literally. The 'W' pattern is getting eliminated this morning (if pre-market activity holds up into the trading…
First I would like to remind you that the Trade Log has been changed to Trade Log & In-Day Notes in order to post brief market comments along with trading…
The Fed blinked. This was not news to Macro Tourist Kevin Muir or readers of Biiwii.com, which is very pleased to publish his work. Fed Finally Blinks Amid a weakening…
A man stared at the chart below and made an update for subscribers a little while ago. Now, being a man who stares at charts who wants to be something…
The theme for a bear case has been to take back the Trump rally in 2019, using SPX 2100-2200 as an example. Very simply, that would take SPX down to…
I have been expecting a market bounce for longer than has been convenient. What I mean by that is that this curmudgeonly trader who does not enjoy day trading up,…
The tweet says it all. A problem with the president's logic is that crude oil is part of the cyclical, risk 'on' macro amalgam. The Saudis did not decide to…
A reminder about what Rob Hanna's historical data say about Thanksgiving week, per his latest post: Thanksgiving Week Seasonality - An Updated Look From 1960 – 1986 someone who bought…
As noted, I am long SPY and got longer on yesterday's decline (ouch). That's the context for this morning's post. I have some shorts too, but not enough to compensate.…
This is definitely the product of a man staring at a chart and wondering aloud. And if the imaginings of this weekly chart are accurate killing the bull market will…