The market (SPX) continues to trade in the same range despite bears getting closer and closer to breaking it down. There hasn’t been much holding it up and that continues to be the case, but thus far rotation among just a few stocks keeps it propped up. As I said before, it’s possible the market...
This was originally published form subscribers on 10/22/16 It’s groundhog day all over again. At the moment nothing has really changed. The market is still in a waiting period and it’s definitely doing a good job of breeding complacency. I want to point that out because I don’t want to get stuck in that mind-set. […]
It’s groundhog day all over again. At the moment nothing has really changed. The market is still in a waiting period and it’s definitely doing a good job of breeding complacency. I want to point that out because I don’t want to get stuck in that mind-set. For now, yes nothing is happening and the...
Another week of really choppy action; however, the range has been broken and as I’ve been expecting, to the downside. Next week is monthly OPEX and October tends to have one of the most bullish OPEX weeks. With that said, most historical stats and correlations have gone out the window this year. However, there is...
Last week here I discussed having to be neutral due to the impenetrable range, but described myself as having a bearish lean due to many red flags that I outlined in the post. I also discussed the SPY 212 area that had both a lot of put support and technical support. The range finally did break, but […]
A double entendre, other words for unyielding according to theasauas.com are adamant, merciless, relentless, unrelenting, etc. (See more than just a finance blog) Last week here I discussed cracks in the market that were keeping me bearish, but with an open mind due to the improvements in breadth. In the end, the market kept flat and […]
There isn’t really a whole lot I can say about the overall market. It seems no matter what breadth looks like, what the bond markets do, what the currency markets do, what commodities do, SPX closes roughly at the same place every day. Thus, until that changes we have to just try to find individual...
If you missed my interview with the Futures Radio Show, please check it out here, where Anthony and I discuss options, psychology, and current markets. Last week here I discussed a more bearish thesis looking out a couple weeks with the idea to sell into rips. I also pointed out that due to the end […]
As you know I went into the week bearish, but with the understanding that it was possible the market would hold up into the quarter end. For most of the week SPX was down, but in only fell below 2150 for a brief period of time and unfortunately rallied back at the end of the...
Sell the Rips
Last weekend I took off and keeping this short because there really isn’t anything new to say, but here we go. The theme is sell rallies. Since the market has not been able to break we should all be open to the possibility of improvements underneath the surface, especially since we are entering a seasonly […]
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