Will Yesterday’s Shooting Star Make Bears’ Wishes Come True?
Like it’s bullish counterpart, the hammer, this bearish reversal pattern has been inconsistent in its forecasting abilities, except under certain conditions. We’ve covered the “hammer”…
Another Rising Rates Tale Knocked Down
2-Year Yields see historic drop as Tuesday’s “breakout” once again proved to be a set-up. “Then again, don’t be surprised if the nice-looking chart set-up is…
Even Biotech Bulls Should Be Watching This Level
If there must be a poster child for the 6-year cyclical bull market, it is likely the biotech sector. At least that is certainly true…
Something’s Askew In This Market
CBOE’s Skew Index, a measure of “tail risk” is at an extreme – unusual given current circumstances. One definition of skew is distortion. In a…
Is Market Setting Stage For Rate Hike?…Or Just Setting Us Up?
Was today’s breakout in 2-Year Yields for real?…or another fakeout? Of all the interesting story lines stemming from today’s market action, perhaps the most noteworthy…
The Most Loved Stock Market Rally In History
One survey recently recorded the highest level of expectations for a market rally in its (admittedly brief) history. Not too long ago, stock market bulls…
Utility Stocks Testing Long-Term Uptrend
This is a quick and simple post on the Dow Jones Utility Average (DJU), which is testing a clearly defined UP trendline from its lows…
Indian Stocks Ready To Resume Bull Market?
After consolidating their big run, Indian stocks are approaching a potential significant support area. Our choice for country stock market of the year for 2014…
Speculators Make Record Bet On Volatility Rise
Non-Commercial Speculators are net long more VIX futures contracts than ever before. We’ve discussed on several occasions using the CFTC’s “Commitment Of Traders” report as a…
Is The Flurry Of 90% UP Days An “All Clear” Signal?
“Thrust Days” are said to be good markers of a stock market launch…are they? The other day, we looked at the recent spate of 90%…