From the April low at 1.902 to the July high at 3.277, nearby natural gas appears to have started and completed its initial upleg in a new bull phase. All of the action since the July 21 high at 3.277 to the Aug 13 low (so far?)...
Read MoreIn a stealth sort of way, the TBT’s longer-term bond YIELD climbed to a marginal new high today at 15.89 (so far) off of the July 25 all-time low at 14.08, which represented a 1.38% low print in 10-Year US Treasury YIELD!...
Read MoreThe market is doing its Houdini act as it hides from the fundamental story out there globally. It seems to have tricks up its sleeves as it works its way around the mess that’s out there no matter where you look save for a...
Read MoreThe e-SPU (Emini S&P 500) clawed its way to a very marginal new high at 1404.00 in overnight trading, but since has reversed beneath 1400, leaving behind a potential Bull Trap new high, amidst extremely compromised 4-hour...
Read MoreI have a good time listening to debates. It’s always fun to hear the emotion pour out of people as they express their opinions on the stock market. I guess the prevailing view is, it’s only a matter of time before...
Read MoreRemarkably, all of the action this week has occurred within a range between 1387.50 and 1403.75, or 1.2%, which is extremely sparse volatility. That said, usually when volatility implodes like this, over an extended period, we...
Read MoreToday’s less than expected build in natural gas inventory represents one more incrementally bullish factor within a market that is transitioning between bear and bull. From a technical perspective, today’s up-spike...
Read MoreThat’s not bad when you look back on it as those 60-minute short-term charts are unwinding nicely for the bulls without any real move down in price. Normally, that’s a good thing as price is not being confirmed by...
Read MorePurely from a technical perspective, the pattern carved out by the ProShares UltraShort S&P500 (SDS) since its July 24 high at 16.38 has taken the form of a declining wedge formation, which when all is said and done,...
Read MoreAnd who knows how long it’ll keep on keeping on. Day after day, week after week, and month after month, now in month number eight, the market plays see-saw and whipsaw with our emotions. So many times you’d bet hard...
Read More
