The market keeps sliding in a pattern that can be considered a consolidation of the previous gains. If we wanted to crash, we would already do so. Looking at VIX in a strong contango, this price action is somewhat positive and may result in a higher spike. Of course, it may also crash, but Continue reading →

  We have seen weakness in the markets again. Choppy trading with a slight drift lower. Again, this speaks to the possibility of the market spiking higher again. If it wanted to crash, it would have already done that, considering all the FED talks about more tightening needed, higher rates at 5% to 5.75% not Continue reading →

  Today the market participants jumped ship overnight, and the markets opened 1.3% lower. But that was it. From there, big money started piling up, and the markets went higher. We are seeing a classic consolidation pattern after an almost 6% rally last week, which is a very bullish sign. For it to invalidate as Continue reading →

  Today we saw some weakness from the very start, possibly thanks to bad retail reports (the most prominent was a bad miss by Target (TGT). But given how bad it was, the market held very well the entire day. Yes, it opened lower, but then it was flat the entire day. Looking at the Continue reading →

  The market, again, started on a very strong note in the morning, rallying over 1% (at some point, even 1.5%), but then, but the end of the day, it again lost steam and paired almost all gain. As you can see, we are at the 200-day MA, and bears are trying to short the Continue reading →

  The market started in red but then rallied hard; by midday, it was in green. I hoped for a slightly down day today, and it seemed it wouldn’t be happening. The market looked like it would end on another green day. But 30 minutes before the end of the session, it suddenly snapped and Continue reading →