VIX and the 10Y have both reached key chart pattern support.
It’s a little early for a sprint to the barn. Will the algos take a breather?
continued for members… (more…)
Tag: bonds
-
Charts I’m Watching: Nov 8, 2023
-
Charts I’m Watching: Nov 2, 2023
SPX and ES got all the way up to their SMA200s – the most significant overhead resistance – on yesterday’s vol collapse. Last night, an additional 4% smackdown in VIX put ES over its SMA200.
continued for members… (more…) -
Charts I’m Watching: Oct 25, 2023
Futures are off moderately following a big slide in GOOGL shares.
AAPL and AMZN are also off.
continued for members… (more…) -
Charts I’m Watching: Oct 24, 2023
Futures are up moderately on positive earnings reports from several key equities.
continued for members… (more…) -
Charts I’m Watching: Oct 23, 2023
Futures have dropped through our 200-day moving average target – a significant move that opens the door to a more important backtest.
continued for members… (more…) -
Powell Speaks
Futures have bounced back from overnight lows in advance of Jay Powell’s comments at 12pm ET at the Economic Club of NY.
continued for members… (more…) -
Mideast Worries Mount
Escalating carnage in the Middle East points to a protracted and increasingly complex set of circumstances for markets, with oil prices and currencies confused as to how to respond. Futures are off moderately this morning, supporting our notion that a 200-DMA tag is still in the cards.
continued for members… (more…) -
Charts I’m Watching: Oct 17, 2023
Futures are off moderately, backtesting the recently broken channel after much stronger than expected retail sales.
continued for members… (more…) -
Charts I’m Watching: Oct 13, 2023
Futures are up modestly following establishment of a new rising channel.
continued for members… (more…) -
The Confidence Game
Futures are sagging once again as they test our latest downside target to be tagged.
One has to wonder how much ground will need to be given up in order for consumer confidence to drop back below 100.
Note that the Dow is testing its 200-day moving average – always an important threshold when it comes to investor confidence.
continued for members… (more…)
