Overextended
Short-term
Last week Bulls not only hit the 262 target but blew right past it. This was largely due to the realization that tax reform...
Weekend Market Update – 4th and Inches
Prior week’s recap:
Last week went exactly as we expected. We had the slow day on Monday, then a pullback on Tuesday and Wednesday. Finally,...
Remember the 8th of November
Last week was red all week. In fact, we currently have had 9 down days on the S&P in a row. This has not...
SPX Down 58 Points
Quick update this evening.
We filled the 195 Gap but left a new Gap to the upside around 196. That will likely be filled eventually....
Nothing New
Short-Term:
The amazing rally continues. We were puzzled when many of our models were not extremely overbought. They turned out to be right and we...
The Fed or Bust?
On Wednesday Janet Yellen came out and said that the stock prices are "Quite high". As you would expect stocks sold off even further...
Weekend Market Update – Touchdown
Prior week’s recap:
We had a pullback midweek, but it was not enough. It was just a pause by the bulls who then attacked at...
Still Overbought Short-Term but Bulls Bought Time in the Medium-Term
Short-Term:
Last week we broke out to a new high on Thursday. That invalidated the lower low call and put bulls back in the driver...
Irrational Market
Short-term
The market is on yet another extreme Bull move. At this point the market has lost its rationality and extremes are just becoming even...
Range – but Volatility should begin to Increase
Short-Term:
So last week we did see some follow-though early in the week but the bears were able to capitalize, and we closed down about...