Weekend Update – All eyes on the Fed
Last week we had the bounce we were expecting early in the week. We then had a false breakout of the triangle to the...
Tight Range
Short-Term:
Last week we saw the pullback we were expecting. This has now lead to a tight trading range. Bulls do have slight edge and...
Thin Air
Short-Term:
Last week we saw one of the first effects that the thin air we have been talking about. On Thursday The Market reversed early...
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...
Triple Bottom or Bust
Short-term:
Two weeks ago we saw a nice bounce due to the dovish comments by Chair Powell that bought...
FOMC
Short-Term:
After a pullback last week as we expected, we ended last week with a strong move up on Friday. Once again we think we...
Calm Before the Fed?
Sorry for the no post last week. We were having some technical difficulties.
Short-Term:
Last week the SPX lost about 1% after the over extend rally....
Climax Continues
Short-Term:
Last week we saw a more climatic behavior, we likely see type of behavior continue over the next few weeks in between abrupt pullbacks....
Distribution – Pullback Imminent
Short-term
Last week we rallied on Monday and faded the rest of the week. Ideally we will see a final push up early this week....
EOM Bounce
Short-term:
Last week the SPX lost 3.94% and we are now officially in correction territory. We also lost all gains for 2018. This is actually...