DOWT transports, top November 2014
S&P: top May 18, 2015
DOWI Industrials, top May 19, 2015
IWM: top June 23, 2015
and finally, what we were waiting for, Nasdaq 100, top July 20, 2015.
Notable, the IWM broke the 200 day ma and now is testing back, only to hit resistance of the TL of its pitch fork, saying smalls caps are no help here. So what will support this market? A FED that is in an absolute catch 22, to rise or not, it knows it needs to and should have already, but if it does, dollar strengthens, and crushes commodities, and the credit/loan fragile mid cap oil, finishing what the Saudis started. Oil to 30? Maybe, if the FED hikes rates. And how will bonds react? In a il-liquid market? This screams volatility at the least. I have played the VIX recently, and the last couple weeks we have stalled, noting the ever tightening bollinger bands, which are now tighter than I have seen for quite a while. Just when I think we have reached the top of the roller coaster peak (or the VIX low of lows) , we level out, its like the ere quiet before the storm, the excitement just before the launch, the absolute dread when the fear becomes real. The tops are all in and accounted for.
S&P: top May 18, 2015
DOWI Industrials, top May 19, 2015
IWM: top June 23, 2015
and finally, what we were waiting for, Nasdaq 100, top July 20, 2015.
Notable, the IWM broke the 200 day ma and now is testing back, only to hit resistance of the TL of its pitch fork, saying smalls caps are no help here. So what will support this market? A FED that is in an absolute catch 22, to rise or not, it knows it needs to and should have already, but if it does, dollar strengthens, and crushes commodities, and the credit/loan fragile mid cap oil, finishing what the Saudis started. Oil to 30? Maybe, if the FED hikes rates. And how will bonds react? In a il-liquid market? This screams volatility at the least. I have played the VIX recently, and the last couple weeks we have stalled, noting the ever tightening bollinger bands, which are now tighter than I have seen for quite a while. Just when I think we have reached the top of the roller coaster peak (or the VIX low of lows) , we level out, its like the ere quiet before the storm, the excitement just before the launch, the absolute dread when the fear becomes real. The tops are all in and accounted for.
