Note to members: I posted some good charts on VIX early this morning, so check those out if you get the chance. I’m glad to see more of you signing up for Twitter. I try very hard to post intra-day trade decisions there, but sometimes there just isn’t enough time. It will be much easier … continue reading →
Monthly Archives: June 2013
VIX is a very well-behaved market indicator most of the time. It often retraces to normal Fibonacci levels. It follows channels like a champ. And, its RSI channels are hard to beat. In fact, VIX RSI channels are one of my favorite tools for determining overall market direction. So, it’s disappointing that, at the moment, … continue reading →
Another big gap opening on economic data. We’ll go long on the opening, as the eminis have pushed through a trend line of resistance and indicate we will get the backtest of the purple channel we’ve discussed. UPDATE: 9:31 AM SPX just navigated the same TL (red, dashed) on the opening. The keys this morning … continue reading →
It’s been a while since I last updated this page. The equities markets have kept me working overtime, and I assumed our May 15 forecast had long since jumped the tracks. At the time, Gold had plunged 270 to 1321 per ounce in only 4 sessions, bounced at 1321 (the day after our bottom call) … continue reading →
The ramp has arrived. “Bad news is good news” has returned in the form of a GDP miss (1.8% versus 2.4%) that conveniently reinforces the importance of continued QE. I’m reluctantly going long on the opening and will look for the next appropriate place to short again. With a break through the red channel midline, … continue reading →
For those interested in the new fund, I have added a page to the website where you can sign up for news and updates. Because the offering will be a private placement, you will be asked to affirm that you are an accredited investor* before being able to register. Please note that pebblewriter.com members will … continue reading →
I hope everyone had a great weekend. Friday morning [see: Channel Tilting] we looked at the big picture, a breakdown through some key support levels — most notably the purple channel that guided SPX from 1343 to 1687 between Nov 2012 and May 2013. This continues to be the elephant in the room from a … continue reading →
A reminder to subscribers… I am taking early tomorrow morning for a long weekend off for a long weekend (my first day off in about a year I’m told.) So, my last post will be prior to the market opening. I’ll be with you in spirit. * * * * * The eminis are up … continue reading →
Fund Note: emails have now gone out to all members who asked to be added to the distribution list for information on the new fund. If we somehow missed you, please CONTACT US. * * * Investors around the world were apparently shocked to hear Bernanke repeat what he and other Feds have been saying … continue reading →
A quick overview of the dollar in the hours leading up to the FOMC announcement at 2pm this afternoon… DX has declined from 84.595 to this morning’s low of 80.64 in a well-defined channel dating back to the May 22 S&P high of 1687 — which means it was positively correlated for the 1687 to … continue reading →