The ‘Dow 2’ Pop, Trump Touts

Sure, it's called the Dow 30, but today 2 stocks are driving what the average Trump-pump sports fan will see on Fox when he checks the scores on this "fantastic"…

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Yields, Banks and the Macro

Everybody knows (or should know) that the leadership of the Pigs to the stock market is directed by long-term interest rates. Here's the KBE/SPY ratio against the 10yr yield. If…

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SPX Bearish Engulfing, But…

Okay, day traders will note the bearish engulfing candle on the SPX daily chart, since those things only carry a bearish implication for a day or two and SPX does,…

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NFTRH; Stock Markets

This morning I saw a color other than green in the futures and global markets. US and global markets are down and the knee jerk reason seems to be a…

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Short

I shorted this pig today for no technical reason whatsoever. I shorted this pig because somebody has to amid all the talk of limitless central bank liquidity propping markets forever.…

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Nasdaq 100: Predictable

A couple days ago we looked at who was in an Ascending Triangle. It was the NDX, which was following its leader, the Semi index. We have long followed the…

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Look Who’s in an Ascending Triangle

It's about time I get back to some plain old charting. Forget the ratios, the market indicators and all the crazy stuff and just chart things, man. At least sometimes.…

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Running Out of Time?

I have been talking about the 2nd half of September and Q4 as a logical time for a market pivot for quite a while now. This was not just wishful…

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