Housekeeping note: If you are at all interested in what one casino patron is seeing as events unfold - assuming I am watching the market, which is not always -…
From yesterday morning's update... "So who’s driving the bus, SPX or DJIA? I don’t have that answer, but until the herds stop stampeding we would do well to respect what…
Well folks, Friday was the first tick down and if things had gone a certain way we'd have gotten a bounce today with which to take some more profits or…
Coronavirus wax on (DJIA +275), Coronavirus wax off (DJIA -204). And so it goes in sentiment-driven markets as the herds, led by the machines... thunder on. Yesterday it was all…
Not to say that Coronavirus is not a real and ongoing threat or that it will not impact economic activity. It is and it will. But the point here is…
The leadership chain of SOX → NDX → SPX was noted to be wobbling on its front end in NFTRH 588's Market Internals segment. It had just gone to neutral…
The Unstoppable Force Right now, the Coronavirus is not to be taken lightly. From initial coverup to its "relentless march outward", it has been a thus far unstoppable force. As…
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[edit] As the market bounces from what we showed to be heartily recoiled sentiment due to Corona-fear, let's edit into this TA post the final thought to NFTRH 588's Sentiment…
In NFTRH 587 we anticipated perhaps one more drop and then a recovery off of the bearish engulfing candles in the main indexes and that is exactly what we got.…
Monkey see... himself take a small (now booked) loss on XLNX that had once been a very decent profit, Monkey do... sell CIEN for a very nice profit. Simple. Monkey…
Per NFTRH 587 and yesterday's post with respect to the Bearish Engulfing candle... "A word on daily chart candle formations… their efficacy is measured out in a day or two…
Once again I have to disclaim that at the moment (and for quite some time now) I hold not one single short position, in anything. I am only long US…
Happy New Year 2020 is kicking into gear with the fading noise about the trade war morphing into a rising din about a potential shooting war, complete with World War…
The term World War III is appearing in headlines this morning. The VIX for one, is unimpressed as yet. It spiked, reversed back below the daily SMA 200 and now…