Strike One

Futures are off 7 points as we approach the open……up about 10 points from the overnight lows that saw VIX gap back above its SMA100.  While theoretically important, we often see these types of moves after hours — the sole purpose of which is to provide VIX an opportunity to break down the following morning. … continue reading →

Crunch Time

December 24 was a pivotal day. As we noted at the time, most of our downside targets, some from several months prior, were tagged [see: Throwing the Game.] ES reached our H&S target.  So far, it has bounced 13.3%.Oil reached our 43.50 target and has bounced 25.8%.RBOB reached our 1.2603 target and has bounced 16.2%.AAPL … continue reading →