SPX: Mr. Gappy Goes to Work

Mr. Gappy rose to fill the lower March gap down (now tinted orange) but still has some work to do. Today he noticed that he'd left something behind, an upside…

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Bullish Biiwii Following an NFTRH Bull Scenario

The succession of recent articles over at Biiwii have been bullish. Indeed, if my NFTRH update post from this morning had been posted over there it would have presented another…

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NFTRH; Updating the ‘M’ Scenario

Below is this morning's pre-market headline from Bloomberg. The fear stuff like a Trade War and missiles is sentiment stuff, and it usually serves to clean out over bullish sentiment.…

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QQQ Bear Flag?

This is my largest single equity position. That's the qualifier. It is bouncing as expected per our 60 minute charts reviewed each afternoon lately, but... Let me tell you what…

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vs. SPY

Time for another look at various sectors vs. SPY using daily and weekly views. To review, normal technical analysis does not really apply but these are good for showing what…

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A Little Gold Miner Micro Management

GDX got volume last week after the Fed rode off with its latest rate hike. But it gapped up on Friday's market angst. Frankly, I was surprised to see it…

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Even Steven Always Evens Out!

As the VIX flies up, down and all around (bullish or bearish the one thing we have been planning on is increased and extreme volatility) I am happy enough to…

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And So, the SMA 200 Test is On

Who is surprised that the stock market is bouncing at or around its various 200 day moving averages? I didn't think so. This test will play heavily into the near…

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Bottom Testers Being Tested

We have been anticipating a test of the February lows and the SMA 200, and boy did it come like a freight train this week with Trump/China as an excuse…

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‘Inflation Trade’ Balloon Gets Pricked

With reference to this morning's post, yields are dumping, US Treasury bonds are getting a risk 'off' bid and the stuff that has gotten the biggest inflation/reflation bid since the…

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