The great thing about studying how algos dominate the equity markets is that, if you look very carefully, you can see the gears and levers working in the background. In this morning’s pre-market, we can see a number of factors sliding into place which are designed to stop the market’s bleeding. First, VIX reached our … continue reading →
Monthly Archives: February 2020
A reminder: There are still 2 days left on our membership promotion: a $100 discount on the first quarter of a Quarterly Subscription and an $80 discount on the first month of a Monthly Subscription. Former Annual Subscriber? Contact us to to inquire about renewing at your previous rate. For details and to sign up: … continue reading →
A reminder: There are still 3 days left on our membership promotion: a $100 discount on the first quarter of a Quarterly Subscription and an $80 discount on the first month of a Monthly Subscription. Former Annual Subscriber? Contact us to to inquire about renewing at your previous rate. For details and to sign up: … continue reading →
We start this morning’s post with a peek at the Russell 2000 as it perfectly illustrates the dilemma facing the broader markets this morning. Up until September 2017, RUT followed a well-defined rising channel shown below in yellow. Like all channels, it was defined by the tops and bottoms along the way. The only problem: … continue reading →
In light of the selloff which has caught so many mainstream pundits off guard, we are offering a $100 discount on the first quarter of a Quarterly Subscription and an $80 discount on the first month of a Monthly Subscription. Former Annual Subscribers, contact us to to inquire about renewing at your previous rate. For … continue reading →
Futures made a valiant effort to recover yesterday’s losses, even climbing back above the 10-day moving average by the close after coming within a few points of our 3336.50 target. But, the selloff continued overnight, with ES shedding about 30 points from the close before beginning the obligatory recovery as the open approaches, egged on … continue reading →
Algos have been given the green light by VIX, oil and especially currencies – which present an incredibly bullish picture courtesy of a signal which hasn’t failed in at least 20 years. But, the coronavirus is a different kind of threat with enormous implications. USDJPY’s improbable breakout smacks of desperation. Will the algos really behave themselves … continue reading →
PPI increased by 2.1% YoY in January, the sharpest increase in 15 months. The monthly increase of 0.5% strongly outpaced expectations of 0.2%. Most of the commentary attributes the beat to transitory trade factors. Yet even core PPI increased at 1.5% YoY. Futures initially slipped about 1 point on the news, then settled higher, paced … continue reading →
Apparently AAPL slashing guidance is inconsequential and Bill Gates, who is predicting 10 million deaths, is some sort of conspiracy theorist – because the market continues to ignore the coronavirus story. Perhaps somewhere down the line the investing world will come to realize what we’ve known for years: stocks have become increasingly easy to manipulate. … continue reading →
It’s a strange phenomenon: the more serious the coronavirus threat, the more strenuous the efforts to prop up stocks. After headlines such as those below, the market has no business being in positive territory. Yet, here we are, with ES up 6.50 points. VIX is actually off. Sheer lunacy.Likewise, oil and gas are rallying as … continue reading →