Just a simple moving average mini-system while we wait for paint to dry after the dour jobs report this Friday afternoon. Here we fade the slope of the HMA – Hull Moving Average (available as part of the...
Read MoreO.K., it has come to this… Enjoy your weekends!
Read MoreIf you were expecting any misalignment in the jobs report to bring us back down to SPY $134, you were correct. So far the confluence of the rising 5-dma and yesterday’s gap level are providing recent support,...
Read MoreI couldn’t find a picture of a bull wearing a red cape but the market moved up for the eighth straight day following a better-than-expected ADP jobs number and some strong retail sales reports. 8% rally in eight days...
Read MoreInteresting how potential resistance was cleared during the inter-session…. Bears’ next hope will be to watch for divergences in momentum for better swing...
Read MoreMid day and a quick look at hourly bars over the past 2 weeks shows the clear momentum of the Lazy Man 5+1(GDX). Rule#1 is “Don’t Trade Against the Trend” and this chart is evidence why. The FED is...
Read MoreWe aren’t seeing any notable selling after a straight up run and the dip-buyers show up on minor pullbacks. Breadth was solid again at about 3000 gainers to 2500 decliners and precious metals and big-cap momentum...
Read MoreThe SPY made a big catch at the 62% retrace line during the am lows, but quickly went back into risk-on mode, now testing yesterday’s highs even on more range-day type volume, which has me remaining on guard going into the...
Read MoreTwo hours into the day and TLT is on a tear, confounding short sellers and still providing a partial hedge against the renewed decay in the financials. We’ve laid the Project Z (daily bar) template on TLT to assess...
Read MoreThe S&P 500 broke its five-day winning streak, but the NASDAQ continued to run. There is nearly unanimous agreement that the market is extended, which had kept today’s drop contained. Afternoon news that Moody’s...
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