EURUSD tagged our 1.1273 target overnight. It came a little earlier than expected, but it’s a significant development given the pair’s correlation with stocks.
continued for members… (more…)
Futures are off slightly on low volume on a slow news day.
Some significant Fibonacci levels have been reached, however, setting up potential large moves in equities.
continued for members… (more…)
“I can’t believe stocks rallied so strongly into options expiration!” said no one.
Between VIX’s plunge, the euro’s ramp, and the yield curve’s decimation, bears have had no chance – even as fundamentals argued otherwise.
continued for members… (more…)
The prop job continues, with VIX reaching a lower low and the DXY still under pressure.
continued for members… (more…)
The market has frustrated both bulls and bears lately, vacillating between sharp downturns and even sharper recoveries. But, a close examination of the charts shows two very obvious patterns that suggest the tide is about to turn – not in a good way.
continued for members… (more…)
Futures are essentially flat ahead of today’s pivotal FOMC decision and press conference. This follows a day that saw stock prices plunge below our initial backtest target…
…as VIX actually broke out – at least for a few hours. 
The banking crisis obviously hasn’t gone away. How many more First Republics or Silicon Valley banks are out there – clicks away from a bank run? Even those banks which aren’t already in trouble will most certainly cut back on lending, which will certainly raise the odds of a (worse) recession.
Will the FOMC take that into account as they contemplate future actions?
continued for members… (more…)
Futures are off about 30 points on disappointing earnings from stocks such as TSLA, AXP, KEY, etc. and a continuing slump in oil and gas.
VIX is even popping as we approach the open. If it holds, the rollover in equities will have officially begun.
continued for members… (more…)
Futures have dropped back through the 50-day moving average, putting the 200-day back in focus after yesterday’s near miss.
We’re essentially in the same situation as yesterday except that we’re jumping off from a much lower level.
continued for members… (more…)
Yesterday marked the second day in a row of sharp declines in the equity markets following the 200-day moving average backtest and the passing of OPEX.
There’s more where that came from.
continued for members… (more…)
