The next 5 subscribers who sign up for an annual membership at the discounted price of $1,200 will receive a $600 rebate off the first year’s membership. Net cost in year one: $600, just $50/month. This is a limited time offer, so don’t delay! After today’s close, the rebate drops to $500. Tomorrow, $400, and … continue reading →
Monthly Archives: March 2016
SPX was up an unremarkable .44% today, hardly a record-setting day. Yet, to The Powers That Be, it was the most important session so far of 2016, as SPX gapped up over a TL connecting the recent highs. They’ve been working toward this day since Feb 11 — the day that USDJPY and CL bottomed … continue reading →
It’s been a while since we had a membership promotion. We’ll make this one quick and easy. The first 5 folks who sign up for an annual membership at the discounted price of $1,200 will receive get a $600 rebate off the first year’s membership. Net cost in year one: $600, just $50/month. I’ll update … continue reading →
We’ve seen several attempts to put in a reasonable backtest fail, lately, as USDJPY and/or CL suddenly spikes higher midstream and stocks spend the rest of the day rallying. Today could be different. Yellen is speaking today, and Mr Market loves nothing more than to put a good scare into the old gal lest she … continue reading →
We’ve had a nice run with natural gas. Last September, with NG at 2.766, we identified 2.00 as an attractive target for a bounce (the red dot below.) Six weeks later, NG not only tagged 1.948 (a nice 30% drop) but, once there, proceeded to bounce 26%. When the bounce fizzled and NG again plumbed … continue reading →
After Thursday’s melt-up, we were left to wonder whether or not a backtest of any significance was in store. It’s safe to say the conditions are, again, just right. Will CL and/or USDJPY permit it? With the rising white channel in the rear view mirror, CL has completely backed off its breakout of its rising … continue reading →
The old saying “the bigger they are, the harder they fall” is often true in charting. CL, which has been on a non-stop tear since Feb 11, is finally showing a little weakness these past few days. Earlier this morning, it finally closed the gap at 38.63. It was a day later than expected, and … continue reading →
For about six weeks now, it’s been a combination of continually rising crude light and strategically timed USDJPY ramps. Last night, USDJPY took the reins as CL let a little air out (following a clumsy and obvious prop job, see: Why the Market Didn’t Correct Today.) With USDJPY breaking out of the rising red channel … continue reading →
Hint: it’s the same reason the “market” hasn’t corrected much at all for the past six weeks. And, no, there’s no free lunch involved. The day started with some tragic news out of Brussels. ISIS terrorists attacked innocent civilians at the airport and a metro station, killing dozens and wounding hundreds. Brussels is the de … continue reading →
CL is selling off and the yen is strengthening this morning following the despicable terrorist attacks in Brussels. ES dropped as low as 2028.75 and is currently attempting to maintain a TL off the Mar 10 lows. But, the long-overdue consolidation has probably arrived.continued for members… … continue reading →