by Jesse Colombo After last week’s sharp decline, stocks bounced a bit this week, and the talking heads on TV could hardly contain themselves. Unfortunately, this week’s bounce does absolutely nothing to negate the major technical breakdown that occurred last week. …
by Jesse Colombo The Dow was up 241 points today and the Bubble Heads already think it’s “back to the races again.” I’m still cautioning “not so fast!,” however. Nothing has changed technically since last week’s major technical breakdown that …
by Chris I don’t know where else to file this except under “desperate.” More than 10x the average volume all hitting the ask, driving the S&P 500 up 20 points instantly. I cannot tell you how dispiriting it will be …
via GPC Stocks are clinging to the ledge of a massive cliff. It was only through multiple trader games that stocks were able to reclaim their 200-DMA on Friday. This line is of TREMENDOUS importance as it has acted as …
by Chris Well, they should be crowing about a huge bounce in the S&P futures in the hour after the “”markets”” closed. Where the cash market finished with a big sell order, the S&P futures are up 23 full points …
dead cat bounce today — relentless vix slams by market overseers failed to attract new bidders into stocks — this serves as a warning that overseers need to release fake news or deflect attention from stock market — maybe start …
by Dave I’m waiting to see what it says in the next day or so. If I start to see that rash of “red” sell signals, I’ll bail out. Otherwise, maybe there’s a 20% move in the near future, the …
via Yuan Talks Shanghai Composite closed 0.18 percent higher at 2729, pulled back into gaining territory by the banking sector which outperformed in the afternoon session. Shares of 5G companies, liquor makers, and gas companies led the losses. Shenzhen Component …
by SpontaneousDisorder On January the 29th I posted “The Evidence for the Greatest Top in History” that happened to be the day of the all time high in the S&P500 and Dow industrials so far. In the comments I said …
by Kimble Charting CLICK ON CHART TO ENLARGE This year the S&P 500 could be forming a bearish descending triangle. The declines over the past couple of weeks now have the broad market testing key support levels at (1) above. The Dow looks …
by Kimble Charting Over the past couple of months, the Dow Jones Index could be forming a descending triangle pattern, which two-thirds of the time leads to lower prices. The declines of late have the Dow testing support of this pattern, where a “short-term …
via Erin Swenlin Two more BUY signals were lost on the DecisionPoint Scoreboards. We haven’t seen the Intermediate-Term Trend Model Neutral signals on the Scoreboards in over a year. This consistent deterioration is worrisome and combined with bearish chart patterns and …
There are many contradictions in the Seth Rich case, Q tells us to look closer and soon it will all be revealed. South Korea and North Korea meet, Moon Jae-in is now pushing NK to invite the US to the …
by northmantrader ‘Keep it simple stupid’ (KISS) Mella always tells me, especially the stupid part ???? Hey, turns out you can teach an old dog new tricks. The simple part of the equation over the past 2 weeks was to listen to the …
by Charles Hugh-Smith Ignoring or downplaying these fundamental forces has greatly increased the fragility of the status quo. The term dead cat bounce is market lingo for a “recovery” after markets decline due to fundamental reversals. Markets tend to bounce back after sharp …
by Umar Farooq In 2017, more than 300 retailers have already filed for bankruptcy and it is being projected that a staggering 8,640 stores will close in America by the end of this calendar year. “Americans cut spending at gas stations, department …
