VIX and the Financial Conditions Index are the same charts. Rising volatility correlates with falling stock prices because of a tighter liquidity environment. Expect more downside.
Attached below is an update discussing the economic indicators that are weakening. Copper is confirming that this might feed on itself.
From a macro top-down framework, the current environment heavily favors the bears. The leading data continues to show expected weakness in the economy over the coming 3-6 months. I would love to hear your feedback, have a wonderful day!
The Russell 2000 ETF continues to deliver critical technical and longer-term price patterns for skilled technicians. Combining the IWM chart with the Transportation Index, Oil, Gold, and others provide a very clear picture of what to expect in the immediate future. Recently, we posted a research article about the Head-n-Shoulders pattern setting up in the $INDU....
VIDEO Showing where the markets should move next - DOWN
Woould love to hear your perspective in the comments section below!
This is a company that showed up on our radar last December, its performed fantastically since! Near term risks are present so do yield caution.
*Correction: Cuomo is the Governor.
Solar is not baseload energy, however, it is now the cheapest form of electricity.
I believe a hawkish Fed will be a policy error but it will help regarding trade negotiations.
When you short a stock you are taking on infinite risk, if the roles were reversed I would not be as tactical with this position. For now, it looks like we will trade slightly higher before another opportunity to short appears.
Above $124 TLT targets $131.50
Expecting a rally soon for wave B.
Wages are growing above and beyond inflation at present, after a 21% rally I lean towards a near term correction followed by a rally in tandem with earnings multiples falling.
We have rallied a long way since the lows, markets are not linear and the price will have to digest the move. What will likely drive the markets higher is earning, a contrarian but realistic outcome when you consider that wage growth is outperforming inflation by almost 3%. This, of course, would likely lead to a price rally while earnings multiples are falling!
Hi all, I had a request to look at AMD once more if you have anything you would like to add I would love to hear from you! Have a great day
Take the title with a pinch of salt, I was expecting a sell-off however based on a more probabilistic view.
Despite Friday's low test candle, the weekly charts continue to look very weak.