pebblewriter

Tag: EURUSD

  • The Bloom is Off the Rose

    Futures are off modestly as we approach the open. Aside from a few formerly shiny objects… …all eyes are on Thursday’s CPI.

    continued for members… (more…)

  • Charts I’m Watching: Feb 7, 2022

    Futures are up slightly as we approach the open – an extension of the bounce off recent lows.

    continued for members… (more…)

  • Facebook Flops

    Futures are off sharply overnight on Facebook’s sensational plunge.

    continued for members… (more…)

  • COMP’s Moment of Truth

    COMP’s breakdown caught a lot of people by surprise (though thankfully, not everybody.) Likewise, its bounce has turned more than a few heads.  As it approaches a backtest of its channel line and SMA200, what can we expect? And what does it mean for the broader market?

    continued for members… (more…)

  • Put Up or Shut Up

    SPX has been threatening to break back above its 200-day moving average ever since Jan 23. Despite numerous vigorous attempts, it remains below it, signalling more downside ahead.

    It’s time for the bears to put up or shut up.

    continued for members… (more…)

  • Charts I’m Watching: Jan 28, 2022

    Futures have been all over the map, but ES’ flag pattern is still intact.  All of our targets remain unchanged. Look out below.

    continued for members… (more…)

  • The Fed’s Gut Check

    After Monday’s tumble, will Powell have the guts to stick to his inflation-fighting guns?  Futures are up about 1.5%, but are still just shy of the 200-day moving average.

    continued for members…

    (more…)

  • Undone?

    ES tagged our next downside target this morning……tagging the 4319 target we posted back on Jan 3 [see: De Facto Shutdown.]

    The only question now is whether stocks will get the big bounce they usually do after a 10% correction or whether they’ve come undone. In other words, I have this 1969 Guess Who classic on a loop this morning. The lyrics seemed especially apt for today’s equities market.

    She’s come undone
    She found a mountain that was far too high
    And when she found out she couldn’t fly
    It was too late

    From the ain’t it cool department…Burton Cummings rocks a pretty convincing Seattle grunge look 50 years ahead of the crowd, plays a mean jazz flute (inspiring the future Ron Burgundy?) and scats in a frickin’ rock song.

    continued for members… (more…)

  • Charts I’m Watching: Jan 20, 2022

    Another overnight bounce, another head fake…

    continued for members… (more…)

  • 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… (more…)