I should have posted this last night, but I got wasted on the LES and awe struck by some massive titties. What’s worse, this is by far the most difficult chart to read because of its massive height. The scaling of the Y-axis is dynamic due to the ever changing Average True Range of the…
Lucky for me, I missed the ass kicking in equities, and with a new row of O’s being formed, cash is king until the financial sector stops free falling.
In an effort to create better charts, I’ve changed some of the variables to create a cleaner visualization of the Bullidex. The red lines are Bollinger bands set 3σ from the purple 5sma. The new green X in the right most column indicates decreasing volatility coupled with a higher percentage of stocks rising in the…
Despite the media frenzy over high unemployment and other worrisome economic headlines, there are signs the global markets are stabilizing, and that risk taking is increasing. I have a shit ton of charts to prove this point, way too many for the average Joe, so I’ve narrowed it down to 5 for this post. If…
Two long nights away from home and plenty of unread email to show for it. How do people maintain their virtual presence with such persistence? As far as blogging goes, I still haven’t figured out the nuances of image posting in WordPress. Nevertheless, here is Monday’s look at my super awesome, totally original and completely…
My time at blogspot has come to and end. The reign of wordpress is upon us. Time to get back to basics. Tuesday’s action signaled a new uptrend with an increase in the number of stocks in bullish formations coupled with a decrease in volatility. This change of environment favors the bulls, so shorts should…
A weekly look at 5 indicators that depict the current market environment. $BPSPX:$VIX = 97.31 $BXM:$SPX = 70.22 $CPMKTE:$CPMKTB = 39.67 $SPXA50R:$VIX = 87.58 $SPXHILO:$VIX = 15 The only glimmer of bullish hope my indicators offer is a 50% increase in the $SPXHILO:$VIX since my last analysis here. Otherwise, the bear market remains intact, and…
A new guy moves to the White House every eight years. I think the real news is here; today was the biggest Dow drop on inauguration in history. Volatility is screaming upwards, and clearly fewer stocks are in bullish formations. The tape still warrants selling the rips, and I suspect we’re in for bigger dips….
Call me a complacent bear, but I think the market has an ass kicking in store for the bulls. Yes, that’s a new low for the banking index. Yes, there may be a major pop due to government shenanigans. Yes, it will probably be a fantastic shorting opportunity. Stocks on the NYSE are increasingly volatile…
Market conditions continue to deteriorate as panic spreads around the globe. My SPX indicator made a new O, signaling increased volatility and fewer stocks in bullish formations. Buyers should step to the sidelines and wait till the current rush to safety subsides. The buy write index continues to outperform the underlying SPX, reinforcing my bearish…