Market Notes: Crashes happen in October. 1929, 1987, 2008 are legendary moments in stock market history. The greatest crashes of all time. So as we welcome the new month we’re often warned of the impending doom October brings to the market. But October holds a secret if you dig a little deeper … It’s a …
Market Notes: Yesterday was an interesting day in the market. A solid rally that got stuffed at the end of the day. I noticed when running my end-of-day scan several stocks spiked big during the day only to close well off their highs. When I see this I always remember … amateurs open the market, …
Market Notes: It’s a volatile market no question about it. Bonds ticked up yesterday to their highest levels in months. Tech stocks fell the hardest. Tech is considered the riskiest of assets while bonds are considered safest. They typically have an inverse relationship as we saw yesterday. October is almost here and this choppy market …
Market Notes: “There isn’t a shortage” is the UK government’s official stance. But tell that to long lines and empty gas tanks. Drivers in the UK are having trouble finding fuel. The problem is blamed on a truck driver shortage and it’s not hard to weave a tail of Brexit into the mix. The army …
Market Notes: We are in the final days of the month and the quarter. October has a history of market volatility but it often leads into extremely bullish end-of-year runs. Make sure you read Friday’s watchlist where I reveal what most traders don’t understand about October… For today everything looks bullish again. The SPY has …
Market Notes: As we ride this dip I noticed something important. When my analysis grew bearish I’m unwilling to place a bearish bet. The fact that the Fed’s still buying and Powell’s speeches tend to calm the market had an influence. But when I listened to the bulls (it’s always good to hear out the …
Market Notes: The Japanese invented candlestick charting centries before it arrive on our shores in the 1980s (thanks Steve Nison). In the west we call these “gaps,” the Japanese call them “windows.” Windows, once opened, are very hard to close. The areas often act as support with a rising window and resistance with a falling …
Market Notes: There’s an old saying…Amateurs open the market … Pros close it. Don’t ask me who said it because I don’t know. But yesterday it appeared that the pros were picking up some discounts. Markets sold off hard during the day but the sell-off weakened by end of the day and rallied into the …
Market Notes: After last week’s breakdown, the markets are pointing to a lower open. A decent move too more than 1%. Support gave out last week. This morning the VIX broke out to the high side which favors the bears. Headlines are pointing towards problems in China’s real estate sector. But don’t forget … It’s …
Market Notes: Markets bounced decently yesterday but not before breaking that critical support level I’ve been eyeing. This morning the SPY is trying to pick the trend back up but struggling. Here’s what I’m seeing: The top line is the old level of support. Another close below it could be a sign of bear’s resurgents. …
