Dynamic Tech Analysis

Options expiration is known for volatility. In an Uber volatile trading world, today is relatively tame. The Bullish setup here is for the purple line to be CONFIRMED, then price either breaks above that line or falls back into the soup. The bulls would prefer moving the price back into No Man's Land, which offers …

Stuck in the middle with you..

https://www.youtube.com/watch?v=OMAIsqvTh7g They keep tap tapping on the support line like it doesn't really matter.. What they are trying to do here, is BLUFF THE FED into giving them something... We break this support line and it gets really ugly JEROME, you want that to happen JEROME. A nervous Jay Powell asked yesterday, HAVEN'T WE DONE …

A Monday Melt-Up with Artificial Sweeteners…

You can see the soldiers rushed into battle without any generals, (or bullets). However maybe the Cavalry is coming. or let's call this market action "Bluff the Fed, day.." If we take em' up a percent and a half without any money action the selloff could be ugly. May also be Stevie M. is working …

Short Term Turning Point (A dance step back)

At the moment the double bottom in the top chart, dashed orange line in the lower charts, is breaking. Should we close down here, then it becomes a matter for the overnight futures on Monday to resolve the issue. Let me say that Treasury and Fed are going to be extremely proactive at this point. …

White Monday Pt 2 (update 9/9)

This may be a better chart. The basis of the projection is another post I made in which I said the stock market rally to S&P 4000 needed a catalyst, some bit of selling to get the weak hands out, and put strong hands in control. This is part of the narrative about the Call …

White Monday

There is a good chance as we approach this fall stock market season that a crash will happen. Here we explore the possibility of a CRASH UP! Yes there are signs in this market that stocks are hard to find. The relentless bidding higher of assets, based on plenty of borrowed cash, has spilled over …

Game Plan

Prices can take out the orange line without bothering the first blue line. Below the blue line exists the possibility of STOCK MARKET HELL. Before counting all the data and making some empirical judgment let's ask ourselves, "do we really deserve this kind of abuse.." We seem to lead a charmed life. When the president …

“This line is in play…” breaking news update….

Prices dropped to the 336 area quickly, and now it is crunch time. Play and Pray... The action suggests a break. Time to paint the pictures with words. As Jesse Felder points out, the options market has blown up. Market makers can't raise premiums fast enough. https://thefelderreport.com/2020/09/02/a-speculative-feeding-frenzy-like-weve-never-seen-before/ I was in there yesterday and the OI …

The Setup

In charting images repeat themselves, especially at crucial turning points. Here is the setup chart for the last few days. What caught my eye was the crowding against the upper right hand corner of the Diamond. Price is hanging despite the collapse in money flow A/D. The money has been ultra reliable here, so before …

Short and Long of IT

To make a bullish break with these two descending blue lines price should establish a uptrend, either support or resistance, tomorrow, or soon thereafter. Tomorrow is options expiration, and the last month the signals were bullish. I got completely crossed up and the market took a long dive. Tomorrow could easily be a repeat of …

Chart Toppings

This might take a day to resolve itself. The news is last months FOMC minutes and Trumps dalliance with Russian whores. It all adds up, somehow. Cumulatively, like all these broken bearish indicators, like Diamonds and such. Somewhere down there is the turn that will provide a major gap up in the buying. That should …

Tacking

A premise in this stock market has been to hold long term bearish positions and use short term bullish positions to hedge. Now is time for a different tack. There is a small likelihood that the stock market will correct between now and the election. Federal Reserve policy is there to ensure stability in that …

Bad news Friday

They tried to spin the unemployment report. Kudlow got on PBS and was by his standards, respectful. He spun few cobwebs, She politely rebuffed him, and they moved on the great divide in the spending bill. The markets were ready for melt up Monday. They might still take a shot at it. The indexes did …

A lotta charts, and a few words

Chart one, if the money flattens out as it has done in previous situations similar to this, we can still get some nice gains from the SPY, but maybe not the fireworks. My gut says fireworks. Main theme in all these charts is that investment banks are buying. When you buy a share today from …

The case for S&P 4000

My deepest sympathies to the people of Lebanon. I hope one day soon we are all in a kinder gentler place... The case for S&P 4000 is presumably as irrational as everything else. This just seems to be the way we are going. "As we begin, so shall we go.." We started all this once …

One minute to eternity

My methods are innovative. I use one minute charts and I extend them for days and even months. My Jump the Shark Line, (300.85) goes back to last fall! I focus on the very first few minutes of the day, and identify trend lines which are either ascending or descending, very seldom flat, and which …

The turning of the guard….

https://www.youtube.com/watch?v=pyJUmK3fUTs The turning of the guard is the turning of the screw and the changing of the guard in one motion... The president is out, no other reason for CBS to give him an infomercial, (and Fox to invite him to cry on Chris Wallace's shoulder) except he is the president, and they do care …

The VIX Mirror, Part II

The peak in the 50DMA coincides with the same May time period in the Mirror. Within 50 days the calculations become doubtful while they are derived from information which is 'off' the chart on the left. That is real data and the right side we cannot know yet. My instincts allow for the VIX to …

Where the money never stops…

In late 99' there was a burst of monetary stimulus, predicated on inoculating the markets against the effects of Y2K, which was a threat to the newly formed electronic banking system. Since then any excuse will do. The upshot all this money printing is the damping effect on economic growth, or money velocity. These three …

“Let’s do the Twist, like we did last summer….”

Following the 1998 rate cuts into a speculative stock market, and then facing the threat of Y2K, which is the computer variation of the Corona Virus. The result was a permanent flattening of the Yield Curve, which did not finally steepen until the stock market crashed, or perhaps because of it. The last instance of …

The Church of What’s Happening Now

American pragmatism is globally unique. The conspiracy theory surrounding the Corona Virus is built by the Alt Right, and the Democrats used the crisis as a cover to defeat Donald Trump in 2020. How they knew the virus crisis would defeat him, not make him look the powerful leader they know he really is, how …

Future Quotes

Here is a quick list of quotes you will hear in the future: "We never thought the virus was a threat to the population at large, but rather certain individuals. What it did pose was a sort of secondary threat to our health system. We weren't prepared, and our hospitals, and healthcare system, workers, and …

A whole new way of thinking

We broke out of the range all the way to 295 or so and then fell back below 287, which I contend may be the new Jump the Shark line. There is a new daily line at 286, which is currently resistance. If can get back above that 286, then the 287 line comes into …

Through the VIX Looking Glass updated 10/07 with concurrent call from Under the Shark Volcano..

Update 10/08: A mirror chart assumes the left side can be reversed on the right side. There is very little standard charting work to suggest this is necessarily valid, though I have seen chartists do this, and that is where I got the idea. The rationale behind applying this, and actually seeing it work, the …

Return of Jumping the Shark !!!

September 18th, 2019..... The line in the water was crossed, again and again. Since technical lines of support resistance tend to be hard lines, this sort of fuzzy logic must seem confusing to newcomers to the field of technical analysis. A full explanation to follow We keep returning to this level, we may as well …

Yield Curve History (Update 11/06) incl PREQUEL to “Yield Curve Intolerant”

We could already have established a benchmark on the YC at around that historic .2 level. The hidden signal here is the ROC, or Rate of Change. Circa 94 the ROC was a modest 200. In the current situation it has already hit 600 which is still much lower than the alarm bell readings in …