A bit of an understatement but here’s wheat and silver with a little corn thrown in for good measure. DBA above and SLV below on daily bars illustrate the recent fall from grace of these otherwise safe havens. GLD and GDX...
Read MoreVolume was heavy and breadth poor. 1450 stocks were hitting new lows. The very high level of new lows shows vast majority of stocks have been struggling. The S&P 500 barely managed to hold above the closing lows of 1119. We...
Read MoreBlue-lined markup comparison of the August versus September Federal Open Market Committee statements below. Don’t forget the first reaction is often a fade, but price can move quickly. Also see past Fed-Day reactions on...
Read MoreWhile the market continues to log extended directional runs in a relatively high volatility environment, you may have noticed the recent dramatic reduction in average daily range. The charts below track the cumulative absolute...
Read MoreI wanted to buy into today for a trade, but haven’t seen a compelling alignment of internals as yet. Indeed, they continue to mildly downtrend. Hard to know how the BAC news plays given the often convoluted ways of market...
Read MoreToday we saw a lot of failed breakout above previous day highs in key stocks. AAPL finally succumbed to some profit taking after rising for 7days into this morning. The narrow strength in a few big names has driven up the...
Read MoreOf course the QQQ’s have already challenged theirs…
Read MoreAfter a big drop at the open, the market jumped again on news that Greece was close to reaching a deal. I am not sure what has happened to all the other deals that were reached in the past, but we continue to rally on rumors....
Read MoreMid day and an ill wind is blowing through the markets. The day started off with the NYAD at .09, which was actually positive since this is a typical turn around threshold…but with the usual market frustrations, NYAD as...
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