Futures are off sharply this morning as investors grapple with the escalating fallout from Russia’s invasion of Ukraine. ES was off as much as 130 points from Friday’s highs before the algos kicked in. continued for members… … continue reading →
Monthly Archives: February 2022
They’ve done it before. And, it’s the only action that could truly punish Russia while helping to solve the inflation problem. The charts fully support it, with loads of logical downside targets just begging to be tagged. Yes, stocks would suffer too. But, you can’t have everything. And, if it gets underway quickly enough, there’s … continue reading →
Technical analysis and chart patterns don’t always pan out. But, when they do, the results can be pretty amazing. * * * COMP chart from Nov 23, 2021… This morning… DJIA chart from Jan 4, 2022… This morning… S&P 500 futures chart from Jan 6, 2021… This morning… The Nikkei futures chart from November 3, … continue reading →
Absolutely nothing? Well…vol came under pressure again last night despite the recent 10/20 cross and obvious escalation in risk of military action in Ukraine. Apparently the threat of war is good for stocks. Nevertheless, the futures heard and obeyed and continue to eye the VIX breakdown threat which works more often than not.continued for members… … continue reading →
Russian troops entered Eastern Ukraine following its formal recognition of the two separatist regions, marking an escalation in the seriousness of the Ukraine crisis. Futures fell over 94 points from Friday’s close before the algos kicked in and are now down less than 10 as we approach the open. continued for members… … continue reading →
After big losses yesterday, ES gained over 20 points overnight. It has since given up those gains and has completed a small H&S pattern targeting 4247.continued for members… … continue reading →
Futures continue to lurk around the 200-DMA as we approach Friday’s OPEX, with plenty of bullish and bearish headlines stacking up on either side of this important line in the sand. When it finally lets loose, the move should be pretty dramatic. continued for members… … continue reading →
Futures are off about 0.50% as the algos process a big beat (inflation aided) on retail sales and a miss on mortgage applications. Having retaken the 200-DMA, can ES hold it until OPEX on Friday? continued for members… … continue reading →
PPI topped CPI again, coming in at 9.7% YoY (9.1% expected) and a whopping 1% MoM (0.5% expected.) Futures suddenly aren’t so sure about the overnight ramp to top the 200-DMA. continued for members… … continue reading →
In a CNBC interview this morning, Fed President Jim Bullard said “Our credibility is on the line here…” Anyone paying any attention to the Fed knows that that ship sailed a long time ago. Futures have been all over the map, down as many as 55 points before VIX was hammered following a false news … continue reading →