Here's the thing, historicals and analogs fail to repeat all the time. Just ask Tom McClellan... What Happened to the Eurodollar COT Model? Or just ask me as I once…
Dow remains at the crossroads of pleasure and pain. Resistance continues to hold as of now. SPX bulled through resistance, made some "all-time highs!" headlines in the media and reversed.…
See, here is Amigo #1 (SPX/Gold ratio) on the left, having such a great time he's riding one-handed and with his eyes closed. Ye ha! Looks like someone's about to…
[edit] A subscriber reminds me that tomorrow is SOMA day at the Fed, further complicating things. Ref. this post from mid-month: SOMA That End of Month Bearishness?. At least that…
For several months we have tuned out bearishness and given a lot of airplay to the prospect of the S&P 500 rising to test its January top and potentially fill…
Yesterday we noted that an MSM... Headline Screams Bullish! Today we noted that an MSM headline indicates Gartman is still the King of Kontrary Indicators and is massively bullish now...…
On the one hand well, it's Gartman and he is chasing the stock market to a rampaging bullish stance. On the other hand it is the mainstream financial media and…
Well, that remains to be seen. We are watching the tone of earnings season as the stock market grinds out its ongoing top-test. But aside from that, the associated sentiment…
Yesterday Biiwii was, as usual, pleased to post the latest from Kevin Muir, a market watcher/writer who I really enjoy: I Hear 1987 New Wave is Back You might want…
This morning's notable headlines... The ever present Trade War... Inflation by PPI marching higher... Thing 1 needs to be tuned out, because it is already factored in and is…
This monthly chart of the Euro STOXX 50 failed to make a higher high in 2017 and has held below trend lines from 2000 and 2007; two very important global…
It has been a while since we've had a 3 Amigos update because a) Italy and global tariffs noise aside, nothing much has changed with the macro and b) I…
First, a little more context for yesterday's update about items that would correlate well with a strong USD. Those were the Small Caps, which do a higher proportion of domestic…
VIX gaps up on residual Bull in a China Shop fears and spends the whole day declining as traders realize the knee jerk for what it was. The brewing trade…