We have been following gentle downtrend channels like this one in SPY on the SPX and Dow for weeks now, along with a sideways channel on NDX. Subscribers were well…
Another quick snapshot of the US market. It was a perfect hit of the channel bottoms and support levels. While I remain intermediate-term bearish the markets that stance only firms…
Just a quick visual. This morning’s hysterics are going to bring the indexes to the daily support levels we have noted. Here is the multi-index chart marked up with the…
Here is the SPX daily chart showing the log scale view of a potential topping pattern that is so far holding to the script of 'comps' 2 and 3 (comp…
Santa has finally arrived as the markets bounce from support levels we noted in NFTRH 374. Surprising? Not in the least. This low volume rise makes the market look like…
It is and has been pretty simple. Using SPX as an example, the first bounce target was 2050 to 2060, which includes all the moving averages. That has been registered…
Major US stock indexes are still in the patterns we noted over the weekend and the Transports not only remain below resistance, but broke down further. The Russell sported a…
2080 it is, as the gap fills. That was our upper target per this daily chart. I have started to reestablish short positions. The balance of evidence still points to…
US Stocks Anecdotally and one by one, I see more and more sources out there getting bullish with the market's advance. We are hearing about 'the cloud' and the internet…
S&P 500: Is it This Simple? Excerpted from this week's edition of Notes From the Rabbit Hole, NFTRH 364... In an age of Algorithms, High Frequency Trading, Quant-injected performance engines…
Yesterday in pre-US market, we noted the big picture of the S&P 500, which is technically bearish on the intermediate-term and still up trending on the long-term. We also reviewed…
It often pays to follow the leaders. Biotech dropped and reversed from its test of the August lows. SOX-SPX ratio was relatively stronger on this decline than the August decline.…
The US Stock market is generally in a downtrend by daily and weekly charts. This means that the trend is down in all but the monthly time frame. The monthly…
Being a visual learner (as opposed to a facts and figures learner) I always like to look at the market's pictures in order to tune out idiotic and/or emotional headlines.…