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…
A little in-day management shows SPX fading to fill the opening gap up. I established my first short position (against Semis) on the opening market bounce but SPX is not…
Not being a bear trader (in my opinion that's a certain type) and not having the time or inclination to babysit a net short portfolio (as a full time weekend…
The S&P 500 turned down just below the 200 day moving average, the Dow broke above its SMA 200, turned down but is now testing it as support, and NDX…
The first chart is daily SPX from an NFTRH update yesterday morning. You, I and Captain Obvious all see the 200 day moving average, which is the first key resistance…