• Bitcoin Crash + The Stock Market

    Bitcoins grow on trees Stocks rise for a fifth straight day. For sure though, the talk of the town is the metaphoric rise in crypto-currencies, i.e. Bitcoin. I’m literally sitting in a coffee shop yesterday going through my charts, and a random stranger starts asking me what I think about bitcoin. I tell him

    By |Published On: May 25, 2017|4 min read|

  • Nothing to See, Now Back to Our Regularly Scheduled Quiet Market

    Back to the Dull Market Action Just as I was expecting, we are back to the market conditions that we saw prior to last Wednesday’s sell-off. The market has bounced hard off of those Wednesday’s lows and within four trading sessions, we are back inside of the box that price action has spent practically

    By |Published On: May 24, 2017|3 min read|

  • Terrorism Adds More Headline Risk To The Stock Market

    Manchester terrorist attack adds additional volatility to the market The horror that terrorist groups keep bringing to the lives of people simply trying to live at peace and keep to themselves is startling. I'll never understand what could possess a person to bring such havoc to the lives of others - random people that have

    By |Published On: May 23, 2017|4 min read|

  • Headline Risk + Market Jits

    Political headline risk holding the market hostage Friday looked and felt great, until there was about 45 minutes left in the trading session, then when wheels were up on Air Force One, WaPo and the New York Times dropped simultaneous, rumored based articles that no one can verify independently. 

    By |Published On: May 22, 2017|4 min read|

  • A Long Market with a Short Memory

    The market that doesn’t hold a grudge With every crisis or potential crisis that occurs, the market has one of the shortest memories of all time. In some ways the market would make an excellent spouse, because when something doesn’t go right, it only holds it against your for a day, maybe a couple of

    By |Published On: May 19, 2017|3 min read|

  • Fear Rises Bigly on Wall Street

    Fear grips traders and the VIX pops 46% I like buying the dip as much as anybody, and it has proven to be a really good strategy over the last eight years. But yesterday was not a day to buy the dip. The internals did not show an anemic sell-off that was going to quickly

    By |Published On: May 18, 2017|3 min read|

  • The Trump Sell Off

    The bears are gaining a foothold on the Trump Controversies My objective here isn’t to defend Donald Trump or prosecute him. I leave my personal opinions out of my trading simply because the market doesn’t care what I think when it comes to politics.  So I have to look at price action for what it

    By |Published On: May 17, 2017|3 min read|

  • Head Fake Bull Trap or Bear Trap Head Fake

    It could be a confusing day for the bulls and bears as they deal with head fakes and traps of all types Strong day out of the market yesterday but what does it really mean for the market today and the days ahead. Should we expect to seek the bulls get head faked once again

    By |Published On: May 16, 2017|3 min read|

  • Bearish Divergences Popping Up

    Bearish Divergences Warrants Caution You could have skipped the last three weeks of trading and you would have come back to a market that is virtually unchanged.  It hasn’t moved, it hasn’t gone anywhere, and Friday’s price action exemplified that with another light volume trading session. VIX spent most of the week below 10,

    By |Published On: May 15, 2017|3 min read|

  • Volatility Check

    Let’s check in on this whole volatility matter The story, from a technical standpoint, this week, was the fact that the Volatility Index (VIX) had dropped below the 10 level and was at one of the lowest readings of all-time. Then of course the comparisons between 20007 and 2017 and the fact that 2007

    By |Published On: May 12, 2017|3 min read|