Monthly Archives: April 2021

3:00 pm Here’s a binary question; Which comes next, the sellers or the buyers?  All the indexes are hovering near their daily lows, but are short-term oversold.   As we observed yesterday, the short squeeze ran out of fuel before it … Continue reading →

1:20 pm According to Nomura, a “Crash Up” is possible.  Investors are buying hedges and may be subjecting themselves to a potential short squeeze.  I disagree for two reasons.  First, look at the Industrials.  It made a high of  34032.83 … Continue reading →

2:30 pm The usual 2:00 pm jolt from the FOMC announcement fell short of the morning high.  SPX tested the trendline by declining to 4181.79.  It has made a weak bounce.  Confirmation of a decline may be made at Short-term … Continue reading →

10:22 am The GSCI Ag Index made a new 8-year high this morning, on day 265 of its Master Cycle.  Should the Ag Index reverse from here, it may make a 50% retracement to the Head & Shoulders neckline over … Continue reading →

7:30 am SPX made a new all-time high on Friday, just before the close.  SPX futures have been trading in a very narrow range between 4163.88 and 4175.88.  SPX has 17 days to its Master Cycle termination.  However, the Cycles … Continue reading →

3:45 pm SPX made a nominal new high at 4194.17.  The rally appears to be complete. NDX did not make a new high and its retracement appears complete. INDU did not make a new high and it’s retracement also appears … Continue reading →

4:00 pm Suspenseful, isn’t it?   3:00 pm As the final hour approaches, will we see buyers step up to the plate…or sellers?  The indices bounced back to the short-term trendlines, but have not exceeded them.   Further selling here may … Continue reading →

12:24 pm SPX has made a 59% retracement of the decline thus far.  A move above this level suggests that the “short squeeze” may have turned into a buy-the-dip fest by retail investors.  The result may be a rally to … Continue reading →

11:55 am ZeroHedge Reports, “Less than a week ago we reported that after Morgan Stanley and BofA, Deustche Bank joined the growing bandwagon of sellside researchers warning that the market is facing a period of severe turbulence, investors appear to be heeding … Continue reading →

2:32 pm VIX has been challenging its trendline at 18.30 today.  While most investors won’t infer a buy signal in the VIX until it rallies over 25.00, crossing the lower trendline suggests the decline is over.  It may be a … Continue reading →