COMP Signals More Pain Ahead

A little over a week ago, COMP made a hard bounce off its 200-DMA, gapping much higher the following day. Yesterday, it plunged below its 200-DMA and closed there – not a good sign for the bulls. continued for members… … continue reading →

Charts I’m Watching: Dec 6, 2021

VIX tagged our 34.84 target on Friday – an important breakout in risk – before tumbling back into the safe zone. With other factors holding their ground and equities’ 100-DMAs still untagged, it’s not at all clear that the worst is over. continued for members… … continue reading →

PPI Confirms Hot Inflation

It comes as no surprise that PPI confirmed yesterday’s hot CPI print, coming in at a whopping 6.2%. We’ve been beating the inflation drum for so long, it feels a bit anticlimactic to acknowledge that it’s finally here and even slightly greater than we anticipated. As regular readers well know, I expected central bankers to … continue reading →