The_Unwind

The_Unwind

NEW DAILY COLUMN BEGINNING FEB.1,2023 I will begin publishing A "DAILY "12 NOON EST MARKET UPDATE on trading view EACH MARKET DAY, MONDAY-FRIDAY, with special reports on weekends as needed. The purpose of this update will be to advise traders on Same Day market developments based on TECHNICAL,FUNDAMENTAL,AND MY OWN PERSONAL OPINIONS, based on 40+ years of...

The_Unwind Updated 

A big breakout move in the stock market, is very near. The S+P 500 DAILY CHART shows the "indecision triangle" ( Shown here, along with RSI Indicator)" tightening" , preparing you in advance that it's coming. And it is backed up by the 50 and 200 Day Moving Average's on the S+P 500, "tightening" into a smaller and smaller" triangle price band"... as well. The...

The_Unwind

The new year, 2023 has brought the S+P 500 within a fraction of the very big number of 4000, with Friday Jan 13 Close of 3999, and notably to "trend following big money " closing above it's 200 Day Moving Average at 3981.22, for the first time since Dec.1, 2022. This "Trend Following Buy Signal", effectively confirms a short term buy signal for the market with...

The_Unwind Updated 

"A little known secret is that Wall Street really wants the market to tank" ! Horror of horrors. Do you understand. Why in God's name would they ever want that ? "Because a significant drop in assets prices would then cause the Federal Reserve to cut interest rates, and start QE, and the easing of restrictive financial policy. to push up assets prices. Wall...

The_Unwind

The S+P 500 "breakaway gap" downside reversal on Dec.22 has caught market bulls almost like "deer in the headlights", in an "incredible reversal" of fortune. Just when it seemed that the coast was all clear, and a short term meaningful bottom at 3795 was in place, the sellers came out in droves this morning, seemingly out of nowhere surprising perhaps even hard...

The_Unwind

While most traders were on the edge of their seats for the Nov. CPI report on Tuesday morning and the Fed Announcement of a .50 % hike in interest rates on Wednesday afternoon, hardly anyone was prepared for the proverbial onslaught of selling that came Thursday, after Wall Street "big money" decided 24 hours later, that their greatest concern, the cost of...

The_Unwind

News this month that the institutional Blackstone Real Estate Income Trust, a 69 "Billion Dollar" real estate investment fund, with a 9.3 % return in 2022 has now limited investor withdrawals in December, to get this, only 0.30 % of account assets. Meaning if you have 1 million dollars in this fund, they are now only allowing you to redeem $30,000. of it in...

The_Unwind

Shorts paid a heavy price today. I had warned you about this in my last post, as the S+P 500 reclaimed it's 200 Day Moving Average at 4050 to Close at 4080, on "dovish" talk by the Fed Chairman, suggesting interest rake hikes may slow which propelled the market sharply higher, with the S+P 500 Closing "up" 3 % However, close analysis now shows 15 Min RSI on the...

The_Unwind

Markets play a huge favor to economic policy makers worldwide, by seemingly and uncannily "discounting news over and over again, until it becomes for lack of a better word, baked into price. The news the market discounts of course is "inflation" at 40 year highs continuing to "rob " the 90 % of the population who aren't rich doing it in broad daylight, .day...

The_Unwind

S+P 500 has begun the month of November, with a "Bearish False Upside" Breakout of the "Ascending Triangle" Pattern on the chart ( See Below) ....a potential ominous trading event ! The fact that this happened so quickly this morning, as bullish traders were caught buying stock going "long" above SPX 3900. at exactly the "Wrong time, and the Wrong price. two...

The_Unwind

Short covering, and actual big money buying, are driving Friday's 10/21/22 rally, and bearish short traders are obviously being made to pay the piper for being on the wrong side of today's market. That is why a "GTC "STOPS" are always a trading necessity, in case you are proven wrong by the market. Chart wise, there now appears the potential of a "Weekly...

The_Unwind

This morning's sharp 70 point advance in the S+P 500 Futures for December was attributed to a Wall Street Journal article breaking in pre-market trading that "unnamed Fed officials having concern that too much rate increase in the short term could significantly harm the US economy. Bullish S+P 500 Futures traders took bit of unsubstantiated information and ran...

The_Unwind

The most conventional stock market opinion in the United States right now revolves around this optimistic scenario. The Federal Reserve Bank in the US will continue to raise interest rates well into 2023, perhaps pausing around the 4.50 % threshold, to see how the economy reacts at that point in the cycle. Buyers of stock anticipate that that pause in interest...

The_Unwind Updated 

The S+P 500 is moving in very large point swings, 100 points today alone and yesterdays sharp upside reversal advance has has already been cut in half. Important S+ P 500 Chart Support continues at 3580. Long Recommendation from todays Open has been negated. on S+P 500 move below 3630 SHORT Break of S+P 3590 Support ! Chart Interpretation SPX Last...

The_Unwind Updated 

There's a golden rule that states "never short a market," when the majority of traders, or the crowd are overwhelmingly outright bearish. As evidence of that "tipped boat" of bears Market Vane's Latest Poll of traders showed only 35 % were bullish, compared to readings in the high 60's at the market peak in January. Inflationary economic numbers force...

The_Unwind

On my last post, I recommended a short position on the S+P 500 with a break of 3590, as the trigger point. This mornings sharp gap down OPEN on the SPX on stronger than expected CPI of .04 % for Sept., sent the S+P 500 down to 3491 Low, an almost 100 point "short trade "gain ! The subsequent sharp upside reversal from that low to a 3662 high was the...

The_Unwind

S+P 500 just reversed, with conviction, "whipsawed" down and once again broke very important chart support at SPX 3590. generating a new short term "sell signal" Chart now validates a short position on move below 3590, covering short on any move back above 3590. Not trading advise. Chart interpretation ! SPX 3588.89 10/11/22 2:55 PM THE_UNWIND Woods Of Connecticut

The_Unwind Updated 

This morning's "Washout Low" on the S+P 500 at 3568.45 could have set up an important "short term trading" BOTTOM. S+ P500 Futures traders were quick to reverse shorts, and go long on the measured move back above SPX 3590. In the next 48 hours, Producer Prices for Sept will be released tomorrow, and on Thursday all important Consumer Price Index also for Sept...