US Stocks, Post-Open
We looked at 'em pre-market and now I have removed my drawn-in candles as the market's actual candles have blown them away. Here is what is going on. INDU is…
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May 24, 2016
US Stocks, Pre-Market
You can see my artwork skills on display as the pre-market implied opens for INDU, SPX and NDX are drawn in as white candles on the charts. INDU is mostly…
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May 24, 2016
NFTRH; US Stock Market Technical Situation
Yesterday’s hard reversal of Tuesday’s bullish move was an unpleasant development for the bulls but this morning, plucky as ever, they are back at it trying to bull the market again (SPX +13.50, NDX +27.50, Dow +87).
Recall that we were using the EMA 20s (orange dotted line on SPX and blue lines on NDX and Dow) as a key for the short-term. On Tuesday SPX and Dow popped above the EMA 20 but the NDX stopped right at it. NDX is a leader.
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May 12, 2016
SPX Bear Signal Negated
The weekly EMA 20 has crossed over the EMA 50 and that is just a fact. The bulls not only took the bears' ball, but now they are chasing them…
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April 20, 2016
Bulls Still Wear the Dunce Cap
I assume everyone sees the topping pattern on the S&P 500. It is the Dome (AKA Dunce Cap) we have been following since mid-2015. The most bullish thing about this…
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March 29, 2016
S&P 500, Test Post
Just posting to try to get the media settings right on the new site format. While we're at it, let's note that SPX is now at the top of our…
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March 16, 2016
SPX, Mind Your Gap
I have allowed for the S&P 500 to rise to 2030 (bounce target: 2000-2030) before starting to even think about a revision of the ongoing intermediate bearish analysis. Today's post-Draghi…
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March 10, 2016
S&P 500: Thing 2 Still on Thing 1’s Playbook
In subscriber updates we noted that the middle of the 'W' was at 1947. That was the high that SPX would need to take out in order to keep the…
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February 26, 2016
NFTRH; US Stock Market
From Monday's pre-market update... "Based on this morning’s futures, it looks like the stock market may try to convince us that it is done consolidating below the top of the…
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February 24, 2016
The Scariest Stock Market Chart in the World
The title is a paraphrase of "the scariest gold chart in the world" (target below $400) someone sent me in 2009, just before the gold price began its $900 per…
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February 9, 2016
NFTRH; SPX, NDX & Dow (Daily)
A super simple look at the 3 major US indexes by daily chart... As you can see, the indexes dropped from the point of the post-BoJ hype burst right to…
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February 3, 2016
NFTRH Update; S&P 500 Status, Gold, Silver & HUI
S&P 500 If today follows through with more downside, the bounce scenario would be in trouble. [Note: When I began the update, futures were down handily, and at its completion,…
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January 26, 2016
S&P 500 Dunce Cap
For months we have been calling it a "Dome" on SPX's head. Now that markets are getting interesting and since I prefer to be colorful when markets allow, this highly…
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January 8, 2016
NFTRH; SPX Short-term Mgt. of In-Day Support Break
Using the SPX daily chart as an example, I want to focus in on how I am seeing the short-term breakdown in the market. As you can see, SPX has…
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January 7, 2016