Take a look at the yield on the long bond. Take a listen to all those formerly loud Treasury BOND BEARS!!! Now all you hear are crickets. So are we…
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…
[edit] I had actually been concerned about whether I’d be able to cover shorts effectively this week, assuming the bullish Santa seasonal, contrarian bullish sentiment backdrop and a Fed whispering…
There is way too much going on out there for a blogger to try to summarize without sounding like a goddamn sports announcing play-by-play caller. Oil this, Huawei that, Trump…
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…
"The Harbinger of Doom"? Of course we (well, the media) are talking about the yield curve AKA Amigo #3 of our 3 happy-go-lucky riders of the macro. I have annoyed…
The title is about right from my perspective. I feel that NFTRH has either nailed important moves in the stock market (not down to the day, but in the preferred…
It was only 3 trading days ago that we noted the reason a bounce was likely coming due to the implications of headlines like this... Why a Bounce? That was…
Investing.com has a market roundup for us this morning. It's actually a somewhat helpful summary of yesterday's events and 'need to know' stuff for today. Opening Bell: Futures Drop on…
You partying? Wayne? You? Well, after expecting a bounce for an annoyingly long while the fledgling thing we had going before Mr. Powell's jawbone was finally rammed home today. A…
The market bounce scenario has been on my radar longer than has been convenient for my own investing/trading. But that's the way corrections and reactions often go I guess. At…
[edit] See also Among the Crickets, Gold Bears Roam a Barren Landscape, posted on 11.23.18. All through the bear market hopeful rationalizations were served up for a bullish case on…
[edit] In the time it took to write this update the Dow has sheared off over 200 points from my last check. As you will see below, we are drawing…
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.…