Search completed
A low VIX does not guarantee a stock market crash or slowdown per se – but when the waters are this calm, there’s often a storm ahead. The VIX is now trading a such levels of calm not seen since April – just before the flash crash! “What, me worry?” Source: StockCharts.com I watched CNBC […]
Fear has left the building – again. Yesterday the VIX hit its lowest point since April… Source: Stockcharts.com Which is potentially ominous, because you remember what happened next. But, hey, I’ve been writing about an imminent dollar rally/stock market collapse for months now, so what do I know! At least I’ve got formidable company – […]
The S&P has been rallying towards the upper end of its recent 1040-1130 trading range over the past week and a half. Since the S&P entered this range, it’s been profitable to “swing trade” the extremes – by going short near the upper edge of the range, and either covering, or going long, near the […]
Today, we got that bounce in stocks that we thought might be coming – from yesterday’s stock market wrap: I’m not sure if I’d initiate a new S&P short position at this juncture – as the contrarian in me thinks we’ve got to see some sort of short-term pop soon. Markets rarely cooperate with broader […]
Not much new on Wall Street today – another lazy day in late summer. Stocks continue to churn on anemic volume just above key support levels: The S&P continues to mill about just above its key support at 1040. (Source: StockCharts.com) Meanwhile, it seems like most investors are well aware of the fact that September […]
The Hindenburg Omen — Omen-ous or Not? Elliott Wave International Chief Market Analyst Steve Hochberg Sheds Light on a Feared Technical Indicator August 31, 2010 By Elliott Wave International On Aug. 12, volatile market action coincided with a technical signal called the Hindenburg Omen, whereby a relatively high number of new highs and lows in […]
There’s still not much of an appetite to buy stocks – but volume remains very quiet as the dog days of summer wind down. We’ve been expecting a decline in stocks, and have been watching for slowly rising volume to accompany these declines to give us a heads up that there is some “umph” behind […]
This month, Robert Prechter alerted his subscribers of a classic head-and-shoulders pattern shaping up on the weekly chart of the Dow. If you’re into technical analysis, check out the guest article below that we are re-syndicating, which includes a chart and description of the pattern… — Robert Prechter: Head-and-Shoulders Pattern in Weekly Dow Chart August 17, […]
Today, the volatility index (VXX) hit its lowest level in 3 months. Does this mean we have a large stock market decline in our future? Over the last 6 months, lows in the VIX have corresponded with tops in stocks. Since May’s spike, it’s been a series of lower lows and lower highs for the […]
The recent stock market decline has not only been sharp – shedding the year’s worth of gains in a matter of weeks – but it’s also had some very impressive breadth. Bespoke Investment reports that just 4% of S&P 500 stocks current sit above their 50-day moving average. So, everything is getting clobbered! The percentage […]
Recent Comments