Generally speaking, the worst thing to do in a fairly low volatility environment is to put premium selling plays on just to have plays on. My general approach to these volatility lulls is to look at them as an opportunity to work what broken trades you may have on at the moment (e.g., inverted short strangles) in an attempt to dry powder out for the next pulse of...
Despite Friday's low test candle, the weekly charts continue to look very weak.
When investing in single stocks there is balance sheet risk, in this case, its the CoCo Bonds that worry me so CHK has to be part of a diversified portfolio.
Previous significant market top that formed a mini double top and drop looks to be happening again. Monday we should see another gap down and continued follow-through selling, or at least next week which should create a spike in the vix as shown here: www.thetechnicaltraders.com
Everything's pointing down... raise cash, get hedges, take profits, and stay tuned.
The ECB made a clear statement that the economy is in the depths of despair (not really) and a new round of QE is necessary.
Yesterday the Russell 2K IWM broke down and tends to lead the broad market. Now let's see if the other indexes breakdown.
A chart perspective of Boeing.
OECD downgrades global growth to +3.3% for 2019 from prior estimates of 3.5%. Near term pullback broadly before higher are my expectations.
We need to close on the lows of today to have the conviction that we are moving towards the 61.8% fib retracement.
Little late night charting, have a nice naked chart with a couple areas of focus. Very simple and easy on the eye for bears but maybe not so much for the bulls. After a very boring fight performance from the bears since December 24th, they might be sneaking up on the bulls here. Of course this trade deal is still on the horizon but feels like a lot of this could...
From a top-down view of the economy, we are seeing an expansionary environment albeit at a slower pace. Using net income versus operating expenses Facebook is the cheapest its been since its inception back in 2012. Near term headwinds are likely to prevail in tandem with the broader averages and a near term target of $144 is likely before we move higher into our...
The big question is if the index can break and hold above this key pivot level. I feel it may test it more with pops and drops but a quick 3-5 day correction to shake traders out will unfold before the next real rally. Volume has been declining which means fewer traders/investors are willing to pay these higher prices. Once the momentum slows enough we should get...
The pullback has arrived, hedge/reduce exposure accordingly and wait patiently for signs the drop has run its course.
Quick follow up from last week, AMD is looking very weak. We are likely to see a breakdown today which will open up the $12 target on this final C wave lower.
Markets are a DISCOUNTING MECHANISM they will discount today what they expect at some point in the future and if that expectation does not materialize the price will correct lower. Over the past few months, OPEC has been quite open about production cuts which would be the perfect recipe to push markets higher. Huge overproduction while demand remained consistent...
The trend remains higher, however, its not going to be linear. Expect a pullback soon to occur for a buying opportunity around the 61.8% fib
Bond yields should continue higher over the coming weeks while stronger than expected data is released. All leading indicators continue to point higher for now.