HEDGE FUNDS PILE INTO TECH SHORTS – JUST AS NASDAQ HITS ALL TIME HIGH — SOURCE: 08-29-18 – “Hedge Funds Pile Into Tech Shorts Just As Nasdaq Hits All Time High” — One week ago we reported that even as the market hit fresh all time highs, the hedge fund community has had a(nother) terrible […]
THE DIVERGENCE OF THE S&P 500 & VIX HISTORICALLY HAS SPELLED MAJOR TROUBLE IStockphoto — SOURCE: 08-29-18 MarketWatch – “Why a trend divergence in the S&P 500 and the VIX may spell trouble for stocks” — The fear index is not behaving as it should. The S&P 500 and the Cboe volatility index — the […]
The weekly chart (left) shows a “curved” lift since the lows in 2016; the significance being that the trend increases in velocity as it lifts. Also of note is the Fibonacci extension levels (blue dashed horizontal) which have been in place since at least June 27th, 2016 (last update): while not perfect to the penny […]
MSFT has been in a positive trend since 2008; at the start of 2017 the trend increased in velocity, breaking from trend channels (weekly chart, left). The lift continued to increase in velocity, and although I have placed parallel s/r’s identifying significant supports and resistances (looks like 3 blue channels), the lift is actually curved. […]
EBAY broke from a long term expanding wedge in 2017, topped out at the start of 2018, and has just recently moved back in to the wedge pattern. A blue s/r zone can be seen at current levels: breaking down through this could see a move lower to the weekly wedge’s support. An orange highlight […]
A rising, expanding wedge can be seen on the weekly chart (left); with the market breaking out and moving around the top resistance of the pattern since the end of 2017. A closer look on the daily chart (right) can see the most recent market action finding support and bouncing from the weekly pattern’s resistance; […]
Significant technicals can be seen marked on the weekly chart (left). Trend lines A & B form an expanding wedge that started in 2008/09; the market briefly breaks out of the pattern, and makes highs in 2015. From there it moves in an overall sideways consolidation, potentially another expanding wedge, bound by trend lines C […]
The weekly chart (left) shows a large blue channel, with the market nearing the channels resistance. Also of note is the lift from 2017, this can be bound with a steep channel. In general we are watching to see which of these two channels hold/fail. The daily chart (right) gives a closer perspective of the […]
In the bottom left corner of the weekly chart (left), “A” identifies the top resistance of a trend channel that holds the market from a lift starting in 2008. This resistance is broken in 2017 and the market lifts, forming channel “B” (“B” is sitting on the dashed middle line of the channel). In […]
THE MYSTERIOUS & HIDDEN LINK BETWEEN SDR’S, CHINESE YUAN & GOLD In this world of bat-shit-crazy central bank policies, a smidgen of the asset that has maintained its status as a store of value for thousands of years seems prudent. Don’t bother writing me with all your Buffettisms about the unproductive asset that is gold – I […]
