Our little neon/black gosling has spread its wings today, taking the SPY down to late 2010 levels after losing an average one percent per day over the last eight. As the VIX has remained contained, we need to look to other...
Read MoreWith all the hoopla about how bad yesterday’s stock market knee-to-the-jaw move was and how gold (and Swiss Frank) keeps skyrocketing parabolic style into the stratosphere I figured it’d be nice to make an update on...
Read MoreThe Dow is on course of its 7th losing day. (Editor: Written on the First) Going back to 1990 there have been just five seven day losing runs and just two eight day losing runs (October 2008 and September 2001). Average returns...
Read MoreWow, that was quite a day. Market heard the debt deal, and decided it didn’t like what it heard and sold off hard. Let’s take a look at where the day ended. SPY broken the 200MA and then kept going. It finally...
Read MoreThe major reversal yesterday on good news was the hint that a terrible day awaited the bulls. Â TRIN is finally closing at a panic level, but many are wondering about the complacent VIX. Â During the 5 day...
Read MoreThe SPY’s RSI(2) is now an incredible 0.40. Not sure if the final Senate vote can act as a catalyst against the economic backdrop, but this is about as extreme short-term oversold as it gets. And oversold can become more...
Read MoreThis was a roller coaster trading day despite the VIX ending lower. What will happen when a debt deal is passed, as the President and leaders from Congress/Senate practically guaranteed a deal this week end? After...
Read MoreThe SPY has breached is 200-Day Simple Moving Average and is now sitting right on its Exponential of the same periodicity. ‘Sell the News’ was an obvious possibility on top of poor manufacturing readings across the...
Read MoreMarkets continued their volatile sideways trading theme, this time leaving the S&P 500 (SPY) down five consecutive days to finish Week 30 -3.9% for an approximate -2.0% loss on the month of July. Broad oversold...
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