It’s been a while since we took a big picture look at VIX. Since it reached levels not seen since the GFC yesterday, this seemed like as good a time as any. VIX is an interesting instrument. Once a reliable measure of volatility in the market, it was used by many to hedge risk. As … continue reading →
Tag Archives: technical analysis
All the bullish factors which have kept stocks aloft the past two sessions are still going at it. Hence, the futures’ snoozefest even as Trump is about to be impeached.The only potential fly in the ointment remains oil and gas, which have reached an important decision point. continued for members… … continue reading →
There’s a lovely English figure of speech which suggests the ridiculousness of something happening: “when pigs fly.” In German, the same sentiment can be expressed by the expression “ich glaub mein Schwein pfeift” which means “I believe my pig whistles.” DB is surely trying, but it’s having a hell of a time whistling a happy … continue reading →
We started posting about TSLA a little over a year ago when it dipped below important horizontal support [see: Can Tesla Avoid a Crash?] We’ve updated the charts multiple times since then, working to stay ahead of Musk’s obvious attempts to manipulate the stock. The harmonic picture has been tricky due to the presence of … continue reading →
Nothing much has changed since yesterday. SPX bounced around in our target zone, coming within a few points of its SMA200 as VIX went nowhere. The one notable exception was AAPL, which after tagging our downside target on Jan 3 $from last November [see: AAPL Discovers Gravity] reached our upside target yesterday. We originally charted … continue reading →
USDJPY reached our target at the SMA100/SMA200 overnight, at least temporarily bringing the pair back below the top of the falling white channel from which it broke out on July 10. Readers will recall that breakout was instrumental in helping SPX break above its faux IH&S neckline 66 points ago. A USDJPY rebound here is … continue reading →
In our October 6 update on oil [see: Update on CL] I expressed skepticism regarding oil’s ability to continue rallying. It had just popped 30% off the Aug 24 lows, and had broken out of a triangle formed while digesting those gains. Still, I saw it declining rather than making new highs. …lower prices make … continue reading →