Animal Spirits, Trapped Shorts, and the Longest Win Streak Since ’92
What a week. The NASDAQ has printed 13 consecutive up days, the longest winning streak [...]
I Called the Bounce. Then Talked Myself Out of It.
We started the week red, but by Monday’s close, we had some positive breadth divergences. [...]
The Exit Ramp
If yesterday's rip-roaring rally wasn't enough and you were not entertained, then----- Tonight, Trump addresses [...]
The Market Just Told You Who It Is — Are You Listening?
The S&P 500 just posted its fifth straight losing week. The VIX is above 31. [...]
HOLD THE LINE
Market Structure Breadth above 5-day and 10-day MA, but not chasing longs on triples — [...]
Umbrella Tops Are Still In Place
• Umbrella top still in place. • Best set-ups are still the inverse etf's.• Breadth [...]
The Message Hasn’t Changed
Six weeks. Same call. Breadth red. Structure broken. Posture defensive. Monday gave us a ray [...]
Defense All Week
The week ended the same way it started. Defense was the name of the game. [...]
Trading an “Umbrella Top” Market: Wide Stops, Narrow Focus
The indices are near highs, but trading underneath the surface has been rough. Breakouts fail. [...]
One Side Of The Story
The S&P 500 has been flat since October 29. Small rallies get sold. Small dips [...]