The market overcame a very poor consumer sentiment number this morning on some large cap window dressing and QE3 optimism from the FOMC minutes. We are going to continue to hear about fiscal and monetary moves to rescue the...
Read MorePrice has put in a higher high, but note significantly weaker internals going into the Fed minutes...
Read MoreEverything’s green today except VIX and VXX, although the VXX, in its usual schizoid behavior, is actually up 1% for the day. There is no VOLUME BUZZ, not the metric column….just no volume...
Read MoreThe bulls charged all day with breadth better than 7 to 1 positive and a huge move in the small-cap indices. The volume is very weak on this follow through day. Is the storm keeping trades out of action? The...
Read MoreThe SPY is pushing up to its recent channel highs in the $121 range. That level (cough, cough), shouldn’t be that easy to cross, but it looks like the market is looking for reasons to take a break from the unabated...
Read MoreFinishing off our study of DBA today with a look at the DBA and MOO dynamics. We would be surprised if the bovine factor wasn’t highly correlated with DBA and our ETFR pairs study does not disappoint. The 17 day...
Read MoreThe Jackson Hole press release had traders feeling there may be fiscal hope going into September, leaving the S&P 500 (SPY) +4.7% higher. That plus “less worse than expected” hurricane damage, and a transition...
Read MoreAs expected, Fed Chairman Ben Bernanke’s did not offer up QE3. Initially, traders were concerned but new hope developed that something is likely to be announced after a two-day meeting in September. While...
Read MoreOn the tails of yesterday’s DBA/UUP setup, this is a look at how GDX can be useful as a confirmation signal, albeit on a somewhat longer time frame. These are impressive % gains for a 21 day excursion and it should...
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