BackTests…
3:01 p.m. ET Last week (I think Thursday as the market was down) I posted expectations of Thursday’s gap being...
SPX/NDX BackTesting Minor Uptrend’s Break
12:01 p.m. ET A lower U.S. Dollar Index (-0.25%) and lower yields (2-yr -2bp; 10-yr -3bp; 30-yr -5.5bp) crate easier...
Afternoon Update: Adding Some Nasdaq-100 & Small Cap Short Exposure
It’s been a long couple of weeks tearing into the minutia of the market to arrive where we are now...
Important Market Update – One-Day Oversold Rebound, Larger Bearish Consolidations Developing
1:28 p.m. ET Two conditions coexist: the market shows signs of a short-term rebound after a single day of oversold...
*Intraday Update*
2:44 p.m. ET I’ve been waiting and watching for a pivot low, and it looked like we might be getting...
Market Update – A little Less Orderly
12:59 p.m. ET I’m going to capture and post the many charts below as I go. If I try to...
Consolidation Time
That was the next leg down. We should see the averages start moving into another bearish consolidation. I’ll be right...
Afternoon Update
There’s not much new to add, the market is still consolidating with a bearish bias (small bear flags). From the...
Still Bearish Price Action
The averages are still consolidating with a bearish bias… SPX (2m) NDX (2m) – I’m not sure about the...
Intraday Update – Price Action
Price action is bearish, but orderly. The market is legging down in relatively small declines and consolidations. SPX (3m) -Recall...
Adding to Yesterday’s Leg Down.
I’m going to keep this update brief as we’re getting to what’s likely to be an important inflection point. The...
Afternoon Update
OK, consolidation it is, kind of suspected that. NDX (2M) The question is whether the consolidation we’re seeing this afternoon...
Cracks and Creaks
I think we’re starting to hear some creaking and faint cracking sounds. Notice how quickly things went from super-bullish sentiment,...
VERY Dynamic Market – More Ominous Signals
Sorry this is later than normal, but there’s a lot of stuff happening today (Trump speaking at the U.N.; Fed...
Afternoon Update
The top-weighted Technology sector (+1.3%) drives today’s gains, with the thinly traded Utilities sector (+0.4%) the only other S&P 500...
Intraday Update – Tech Running the Show; Another Day of Signals on Track For the Close
2:29 p.m. ET Recently we’ve noticed two competing narratives, Small Caps being bought on the rate cuts narrative, but the...
Market Update – More Signals; Gold New high; In Mega Caps We Trust
11:45 a.m. ET I have a feeling the market is going to be in a holding pattern this week with...
Afternoon Update -Another ABI Signal
I didn’t think we’d get anything juicey today in terms of price action due to options expiration –the largest September...
Slow Op-Ex Action; Tech Relative Strength; Small Cap Relative Weakness; URA/REMX Impressive; MORE SIGNALS
The massive $5.3 trillion options expiration has the averages mostly in a holding pattern. Mega-cap strength is preventing losses at...
Afternoon Update – Another, Lower ABI @ 9.35
More market signals are coming in, not just ABI –which looks at the post of 5th consecutive signal (we got...