Bearish

Technical Analysis: S&P 500 (SPX) has risen for a fourth straight day (before that it had dropped nine straight days).  SPX had a massive doji candle that formed yesterday, that puts into question the sustainability of this current rally.  Even more perplexing, the Dow Jones Industrial Average (DJIA) was up 218 points, while Nasdaq Composite Index (QQQ) was down

Technical Outlook: Yes, for an 8th straight day, the S&P 500 (SPX) sold off. The expectation of a bounce is strong here, and quite surprising we haven’t even seen any significant attempts at it yet.  Last time SPX was down 8 straight days was in 2008. The most troubling aspect of this decline is how light it

 There is every reason in the world that this market should pullback and it simply doesn’t. Doesn’t mean it cruises higher, it just stays in “No-Man’s Land”. Rallies can’t be sustained and sell-offs can’t get started.  That is a stalemate, my friends. 

The T2108 indicator provided by TC2000 is one of the best indicators for measuring the health of stocks, and in particular forecasting when a major market bounce off of oversold conditions or a major market sell-off following bubble-like market conditions will occur.  This market reminds me so much of August 2015, that it isn’t even

Some people haven’t quite shared the same sentiment about the current pattern developing on the S&P 500 (SPX) as me. Granted, it is tough to make out on the daily chart, but I’ve gone ahead and drilled down to the 30 minute chart to show you the head and shoulders pattern the market is

The market is actually seeing a mild amount of selling today, even though it really isn’t anything to really brag about. S&P 500 (SPX) is back below the 20-day moving average which has been key to a sell-off all along.  You have to be careful about not adding too many shorts at this point

Technical Outlook: Bigger than usual trading range for S&P 500 (SPX) yesterday, and biggest sell-off that the market has seen August 2nd. Would have been the biggest since the Brexit sell-off, but the bulls stepped in during the last 10 minutes and goosed the market off of its lows.  More importantly, SPX broke the 20-day moving

I’m not trying to dog-pile on Freeport-McMoran (FCX) here, but there is some major technical problems arising in this stock.  Up until yesterday, it was still a play you could take as a bounce off of support. Although, I didn’t play it (simply because bounces off of breakout support usually happens quite rather and doesn’t

This chart speaks for itself in that the rally that we have seen in oil for the entire month of August may be quickly coming to an end if this move off of the August lows is part of a larger head and shoulders.  The only way to dispell this theory is by break the

I guess until the Fed and central banks world-wide decide to stop interfering with the market, the normal ebb and flow of price action will cease to exist. That is why you have the VIX flirting with 10, and any sell-off cannot be sustained for any meaningful length of time. I mean, look at