The market has been set up for a bounce, and finally received sufficiently good news to attempt a base of support. While the morning’s gap fade was somewhat predictable, more important have been the two subsequent holds at...
Read MoreHowever, the first test has held and the S&P is now reversing to test its daily VWAP from below. This is a key area with next support all the way down at SPY $121 (well not too far down), which would nearly close the 11/30...
Read MoreIn my on going quest to find the building blocks of a better, more adaptive Parabolic Search and Rescue Stop and Reversal I was coached by David Varadi of CSS Analytics and Jeff Pietsch, aka Market Rewind, to run a Walk Forward...
Read More“Trapped Between the Living and the Dead Again,” the film poster tagline reads. By one measure, the retrace from 252-day highs, this bear market has been mild in nature, politely reversing on a dime October 4 at the...
Read MoreIn a past post I wrote about the advantages of combining a short term mean reversion indicator with an intermediate term indicator of the same bent. Click here to view the post. As a recap, the DVI/B combo method helped smooth...
Read MoreFirst, happy birthday Ben…. No change. Blue-lined markup comparison of the December versus November Federal Open Market Committee statements below. US Economic Expansion in spite of Global Slowing Some Household Spending...
Read MorePrice saw a nice pop at the open, but nearly all asset classes have been struggling since then and up and down volume are really in range-day configuration going into the FOMC decision here at the mid-day with Energy and...
Read MoreThe ping pong action continues. We gapped down on Europe worries and rising bond yields in Italy and Spain . Thurs support broke but was recaptures when we got a bounce last hour on news that Commerzbank does not plan to take...
Read MoreToday’s third reversal day has the market testing a significant confluence of potential support. Namely, the 20 & 50-dma’s, the 200-ema and a key Fibonacci level.
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