The market has frustrated both bulls and bears lately, vacillating between sharp downturns and even sharper recoveries. But, a close examination of the charts shows two very obvious patterns that suggest the tide is about to turn – not in a good way. continued for members… … continue reading →
Tag Archives: harmonics
Futures are essentially flat ahead of today’s pivotal FOMC decision and press conference. This follows a day that saw stock prices plunge below our initial backtest target……as VIX actually broke out – at least for a few hours. The banking crisis obviously hasn’t gone away. How many more First Republics or Silicon Valley banks are … continue reading →
Futures are off about 30 points on disappointing earnings from stocks such as TSLA, AXP, KEY, etc. and a continuing slump in oil and gas. VIX is even popping as we approach the open. If it holds, the rollover in equities will have officially begun. continued for members… … continue reading →
Futures have dropped back through the 50-day moving average, putting the 200-day back in focus after yesterday’s near miss. We’re essentially in the same situation as yesterday except that we’re jumping off from a much lower level. continued for members… … continue reading →
Yesterday marked the second day in a row of sharp declines in the equity markets following the 200-day moving average backtest and the passing of OPEX.There’s more where that came from. continued for members… … continue reading →
Futures are off sharply this morning, reflecting the lack of support behind the runup to the last two options expirations. continued for members… … continue reading →
Looking at the bounce since Jun 16, I can’t help but think of Chuck Yeager’s ill-fated journey into space. Futures are up very slightly this morning, fixated on maintaining prices through tomorrow’s massive option expiration.VIX: an excellent example of maintaining an even strain.continued for members… … continue reading →
We’ve been used to the bad news is good news meme for such a long time, it feels weird to even type that. That’s the reality, however, when investors are already counting the days till the Fed’s easing cycle and we get 528,000 new jobs instead of the 258,000 expected. The tightening might just have … continue reading →
This morning feels a whole lot like yesterday morning, with futures ramping higher on the latest smackdown in VIX. Of course, these maneuvers can be an effort to force a breakout in stocks. But, they can also be an effort to put a little more air under stocks in advance of a downturn. With plenty … continue reading →
Futures are off moderately, with moves in currencies supporting our analog’s continuing bearish stance. All eyes are on Wednesday’s CPI print, with initial claims and PPI on Thursday and retail sales and Michigan sentiment on Friday. continued for members… … continue reading →