The Day Ahead, Thursday November 15th
Wednesday saw U.S. markets drop between 0.75% and 1%, with the S&P closing down for the fifth straight day. Wednesday also saw Crude oil end a record-long 12 day losing…
Read MoreWednesday saw U.S. markets drop between 0.75% and 1%, with the S&P closing down for the fifth straight day. Wednesday also saw Crude oil end a record-long 12 day losing…
Read MoreAfter declining for five weeks, the report out today from Investors Intelligence showed bullish newsletter writer sentiment ticked higher in the latest poll.
Read MoreTuesday saw the markets move more than 1.25% from peak to trough before closing nearly flat. We continue to expect near-term volatility towards a retest of the late October lows.…
Read MoreAn article was brought to our attention that was published today on a popular market news site that discussed the potential for a “death cross” in the Russell 2000 Index…
Read MoreThis correction feels so different, but it likely isn’t. We often repeat that market corrections only seem “natural, normal, and healthy” until you are in one. Since the 09/21/18 peak,…
Read MoreThe market is currently in the midst of a correction that is reversing the excessive optimism among II Newsletter Writers, low VIX, and extended overbought using a 14-week stochastic. We…
Read MoreThis is what retest looks like. The only reason for the ramp of the 10/29 low was extreme level of oversold – and now the market is overbought N/T following…
Read MoreWith earnings season wrapping up and the FOMC decision behind us, investor focus on Friday will be on the Consumer Sentiment release for November as well as the Producer Price…
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