Weekly 'Market Observations':
There will not be a 'Market Observations' published for the week ending July 31, 2020. Sorry. Divergence did return this week with the Nasdaq making a strong showing Friday while the Russell shows weakness.
Market Observations as of Jul 24 2020
Another week with a Rally to new highs and a reversal to deliver losses for the week. Sorting out the leaders and laggards. Earnings reactions. Confirming Support and Resistance. Improving your odds by trading with the Trend.
Market Observations as of Jul 17 2020
Divergences eventually Converge as leadership changes and money flows out of some areas and into others. No signs of panic. Variations of Consolidation patterns. Clues from weekly comparisons.
Market Observations as of Jul 10 2020
Markets Diverge as more stocks deliver new all time highs. Breadth is reduced as money flows out of small cap growth and into big tech. Using creative ways to measure divergences and changes in leadership. Lots of charts and analysis to expose concentration risks. Enjoy.
Market Observations as of Jul 2 2020
The Divergence continues with a few names doing most of the heavy lifting. Definitions for Trends, confirmations, and variations. Market weighting impacts where size matters. Lots of charts to study and L-earn from.
Market Observations as of Jun 26 2020
Markets see bearish convictions increase as selling strengthens. Identifying Divergences, correlations and non-correlations. Finding a few bullish outliers within a crowd of bears. A common sequence of clues found during a change in trend. Lots of chart examples to learn from.
Market Observations as of Jun 19 2020
Markets pause as 'Leadership' exposes itself. Using various Comparison studies to identify leadership, similarities and differences. Using clues to improve your odds. Trading with the Trend and buying dips upon confirmation. Lots of charts to provide examples of key price behaviors.
Market Observations as of Jun 12 2020
Markets deliver record highs just before experiencing a volatile correction. Clues seen in the charts before the correction this week. Recognizing normal and abnormal market correlations. Changes in Trends, confirmations and timing. Lots of chart examples to study.
Market Observations as of Jun 5 2020
Markets continue higher as major targets are reached, respected or broken. Observing Sector Rotation and changes in leadership as clues. Lots of charts to see a variety of behaviors.
Market Observations as of May 29 2020
Markets continue higher with a brief change in leadership. Finding clues from common behaviors and from abnormal behaviors. Plenty of evidence found in the charts.
Market Observations as of May 22 2020
Markets gap higher on news, then pause near higher highs for much of the week as volume fades. Identify leaders and strength where there are diverse reactions to news events. Using Futures action overnight to help identify clues. Lots of chart examples and some new record highs.
Market Observations as of May 15 2020
The bounce Rally continues Monday followed by a 2-day violent reversal. Clues from comparing reactions and from what is NOT seen in charts. Opportunities for both the bears and bulls. Lots of charts to study.
Market Observations as of May 8 2020
The bounce rally resumes and the strongest stocks deliver higher highs. Other stocks deliver lower highs this week. Using relative measurements and comparisons to gauge relative strength.
Market Observations as of May 1 2020
The bounce rally peaks on Wednesday and pulls back. Using breaking Trend Lines and Fibonacci Retracement studies as indicators for relative strength and weakness. Changes in behaviors as clues.
Market Observations as of Apr 24 2020
The bounce rally takes a pause this week and markets react to news events. Broad based reactions on Tuesday and Thursday. Keeping the market Context in mind. Expanded Volatility impacting Options and Earnings reactions.
Market Observations as of Apr 17 2020
The bounce rally continues with a few large stocks leading the way. Comparisons help identify the leadership while market weighting shows their significance. A brief divergence is resolved on Friday. Lots of charts and examples to study.
Market Observations as of Apr 9 2020
After a pause, the bounce rally resumes with Volatility. Clues from changes in sector leadership and Breadth. Making relative comparisons to identify leadership. Lots of charts to study and learn from.
Market Observations as of Apr 3 2020
Volatility contracts only a little as markets acclimate to high uncertainty levels. No strong showing by either the bulls or bears this week, but clues are exposed as Resistance from last week is confirmed this week. Lots of charts to study and learn from.
Market Observations as of Mar 27 2020
Volatility continues as markets both deliver lower lows and the strongest bounce seen in 6 weeks. Support, Resistance, and using key clues from the charts to identify changing probabilities of future moves.
Market Observations as of Mar 20 2020
Volatile markets continue to deliver lower lows with elevated volume. We see signs of Panic liquidation again this week. A few select stocks with wild movements give us clues.
Market Observations as of Mar 13 2020
Volatile markets become even more Volatile. Fear becomes Panic as safety is no longer found in the usual places. Finding Clues in market behaviors and reactions. Being prepared.
Market Observations as of Mar 6 2020
Volatile markets continue with record level moves both up and down. Clues seen in market breadth and relative strength this week.
Market Observations as of Feb 28 2020
We saw a violent week and correction this week as the Oct. rally came to an end. Lots of great examples this week of signs of Fear changed into Panic as this week progressed. Many clues seen of the change in behavior this week. Plus a Bonus section that looks back at 90 years of market history of Volatility Events. Lots of charts to study and learn from.
Market Observations as of Feb 21 2020
The bullish trend continues and delivers new record highs this week. Selling reactions to news late this week cause most stocks to end this week lower. Finding clues from market 'Context' and Relative price behavior.
Market Observations as of Feb 14 2020
The bullish trend continues with more new record highs. The benefits of doing a Top-Down market analysis with a process. Chart Observations and risks going forward.
Market Observations as of Feb. 7 2020
The Oct. rally RETURNS. The rumor of its ending was premature. A Great example of how Changes in Trends are 'Relative'. Also, a classic example of the power of Fear and Frenzy, buying and selling and TSLA mania. Lots of charts to study and learn from.
Market Observations as of Jan 31 2020
The Oct. rally appears to be done with multiple confirmations this week on our daily charts. How Trend Changes are relative to diff. time frames. Developing consistency. Multiple Indications of Expanded Volatility. Correlations and Non-Correlations. Lots of charts to study.
Market Observations as of Jan 24 2020
The rally continues with more new all time highs. Sellers showed up on Friday to provide a one day strong correction. Key indicators that help identify when a change in trend occurs or support is broken. Looking for consistent behavior vs. changes in market behavior. Both bullish and bearish chart examples to study.
Market Observations as of Jan 17 2020
The rally continues with many more new All Time Highs. Indicators to confirm the end of a Trend. Trailing Stops. Clues from the Futures markets and clues of a 'Climax'. Lots of charts to study and learn from.
Market Observations as of Jan 10 2020
The rally continues and shakes off news events this week as if nothing has happened. Breadth is mostly unchanged as big Tech continues to drive markets and volume. Identifying changes in Trend, and using proper Time Frames to reduce the noise. Lots of charts to learn from.
Market Observations as of Jan 3 2020
The current rally continues with only a brief pause. Fresh money inflows for 2020. Review of 2019 performance. Resistance becomes Support, Cup-n-handle pattern, common behaviors of price.
Market Observations as of Dec 20 2019
Markets continue to rally with year end 'Window Dressing' and Quad Witching volume leaving their foot prints. Keys to Objective Trading decisions and the 'Traders Paradox'.
Market Observations as of Dec 13 2019
Market rally continues, with reactions to news events and FOMC this week. Key sector Correlations, high odds patterns and finding opportunities.
Market Observations as of Dec 6 2019
The 9 week Bullish Trend experiences a brief interruption then resumes. Common price behaviors, patterns, correlations and clues. Finding high odds and low risk opportunities.
Market Observations as of Nov 29 2019
Markets continue to rally during the brief Holiday week. Muted reactions to news events and a major change in Market Breadth. Protecting against common misunderstandings of 'the Odds'.
Market Observations as of Nov 22 2019
Markets continue to deliver higher highs and higher lows this week, but fail to deliver a higher weekly Close. A minor pause vs. a change of Trend. Low volatility and narrowing Breadth. Developing key skills to future proof your trading strategies.
Market Observations as of Nov 15 2019
Markets continue to rally and deliver record highs. Breadth and Volume reveal the narrow participation in this rally. Makets show no few, with mostly complacency. Being prepared for multiple possibilities.
Market Observations as of Nov 8 2019
Markets continue to deliver record highs with reduced breadth. Clues from correlations, Support and Resistance, sector Rotation and light volume.
Market Observations as of Nov 1 2019
The rally continues to deliver new record highs. Breadth continues to be limited and volatility is near 2019 lows. Observing market reactions to news events. Using a Top-Down approach for efficient use of time.
Market Observations as of Oct 25 2019
The multiple month consolidation pattern Breaks. Sector Rotation and clues that show the Bulls have the stronger convictions this week. Examples of Cup-n-Handle pattern variations, and Symmetrical Targets examined. Remaining Objective and actively looking for confirmation. Earnings and uncertainty continue while Volatility is near 2019 lows.
Market Observations as of Oct 18 2019
Markets continue to be quiet when not reacting to 'News'. Consolidation continues, with light volume and low Volatility. Darvas Boxes, Cup-and-Handles, and Support & Resistance examples and common behaviors characterized.
Market Observations as of Oct 11 2019
Markets continue to consolidate then break out late this week. Reactions to 'News'. Clues that identify sector 'Rotation' and volume. Using your limited time efficiently to find opportunities.
Market Observations as of Oct 4 2019
Markets react to news, test for Support, and expose their relative strength and weakness. Gauging fear and its clues, Options SKEW and Dynamic Hedging. Using Support and Resistance for clues.
Market Observations as of Sep 27 2019
Markets react to news events and Support levels are tested or exceeded. Finding clues in the charts. Using simple tools in constructive ways.
Market Observations as of Sep 20 2019
Markets pause as news events are digested. Bearish clues may suggest a change coming and Volatility begins to increase. Preparing for a range of possibilities ahead.
Market Observations as of Sep 13 2019
Markets find their follow thru momentum, new sector rotation identified last week continues this week. Developing the Chart skills that matter most. Lots of examples to study.
Market Observations as of Sep 6 2019
Markets gap higher on insignificant news. Break out of the 'box' and reduced Volatility. Beginning of a rally, or a fake out? Gathering 'Risk off' vs. 'Risk on' clues. Comparisons to identify changes in leadership. Allowing monsters to appear.
Market Observations as of Aug 30 2019
Markets remain volatile with tests of both support and resistance. Finding clues by comparing chart patterns. Adapting to changing market conditions. Deciphering clues from Moving Averages and a 'Value Box'.
Market Observations as of Aug 23 2019
Market Volatility continues, with wild reactions after 4 quiet days. Finding clues in the charts. Key levels of Support and Resistance. Gauging behaviors of price. Lots of charts and examples to study and learn from. Finding outliers.
Market Observations as of Aug 16 2019
Volatility continues as Support and Resistance are re-tested. Purpose & use of Trend Lines. Brief report.
Market Observations as of Aug 9 2019
Volatility continues as markets drop looking for support. 2 ways to measure Volatility. Common wave patterns. Measuring relative changes to expose useful clues. Hammer candlestick. Lots of chart examples, finding opportunities in volatile markets.
Market Observations as of Aug 2 2019
Markets react, reverse, volatility expands and the largest down week of the year is delivered. Lots of evidence in the charts to show the changes this week. Tools to use to prepare in advance for multiple possibilities. Thinking like a pro.
Market Observations as of Jul 26 2019
June rally resumes as new record highs are delivered. Various reactions to earnings. Examples of using Price behavior comparisons to identify relative strength and weakness.
Market Observations as of Jul 19 2019
The six week rally appears to end, as bears show growing convictions. Why we use a top-down approach. Evidence of expanding volatility.
Market Observations as of Jul 12 2019
Markets resume their rally after a brief pause and deliver new record highs. Recognizing correlations and non-correlations as clues. Using Intra-day market clues. Recognizing 'Outliers' and opportunities.
Market Observations as of Jul 5 2019
The bull rally resumes during a shortened Holiday week. A number of indexes and stocks deliver new record All Time Highs. Normal verses abnormal volume during a Holiday week. Tools to help catch opportunities that could be otherwise easily missed.
Market Observations as of Jun 28 2019
The minor correction we saw begin late last week, continued this week, then reversed. We look at multiple clues and ways to observe this 'change' in character unfold this week. Evaluating relative performance. Lots of chart examples to learn from and practice your skills.
Market Observations as of Jun 21 2019
Markets resume their June rally. Comparing indexes, sectors and stocks for clues from similarities AND differences. Examples of portfolio management strategies. Sticking with the higher probabilities.
Market Observations as of Jun 14 2019
Markets mostly consolidate this week. We look at several clues that expose a change in character this week. Probabilities and common behaviors. Lots of charts to evaluate and identify common traits as well as some exceptions.
Market Observations as of Jun 7 2019
Markets start June with a selling climax day just to then reverse and provide the strongest rally of the year. Follow where the money goes, and how to identify and capture opportunities.
Market Observations as of May 31 2019
Strong Selling continues through the last week and day of May, with breaking support levels from May, Dec. 2018, and even going back 10 years on some charts. We look at Monthly charts down to 15min. charts, to point out clues given by the markets of who is in control. Lots of charts to provide examples of common behaviors and how to extract useful clues.
Market Observations as of May 24 2019
Markets either Consolidate this week or continue their bearish trends lower. Index and Sector strength and weakness, conflicting market internals, and low volatility signal bearish convictions, with few clues of bullish behavior, and no signs of Fear or Panic as sector rotation continues.
Market Observations as of May 17 2019
Markets gap down then rally, giving clues along the way as to who is in charge. Finding 'Outliers' and sorting out 'Market Internals' that may give conflicting clues at times. Earnings reactions and follow through.
Market Observations as of May 10 2019
Markets dip as a minor correction stops the 2019 bull trend for a week. Volatility increases without signs of panic, but evidence of hedging activities. Rotation shows some movement towards 'safety'. Ways of finding bullish opportunities within a bearish context.
Market Observations as of May 3 2019
Markets continue their rally to new record highs as earnings reactions are mixed. Strong positive Jobs data overcomes earlier FOMC statements negative reactions. Bulls continue to show stronger convictions.
Market Observations as of Apr 26 2019
Markets continue their bullish trends, with pauses near all time highs. Earnings season reactions and watching behaviors near key levels. Options SKEW clues. Balancing a portfolio with both bullish and bearish positions. Earnings Volatility Crush events. Lots of charts and examples of common behaviors.
Market Observations as of Apr 18 2019
Several Markets deliver new 2019 highs and new all time highs, while other pause, or begin to pull back from 2019 highs. Earnings season reactions and using tools to be efficient with your limited time. Lots of charts to study and see examples of common behaviors.
Market Observations as of Apr 12 2019
Markets continued their pause, then gaped up on positive news stimulus, delivering new 2019 highs. Using your Imagination as a perspective tool. Market Internal indicators and Sentiment indicators. The power of using 'Alerts'.
Market Observations as of Apr 5 2019
Broad market rally continues providing new 2019 highs in many but not all indexes, sectors and stocks. Change in breadth from the prior 5 weeks, and breaks outs from prior Resistance. Finding clues from the strongest sectors and stocks.
Market Observations as of Mar 22 2019
Markets transition from quiet to volatile, as both Resistance is broken and Support is tested. Volatility expands as sellers make a showing of strength at the end of the week. Identify strongest and weakest sectors and markets, and where money is moving out of and into. Relative comparisons.
Market Observations as of Mar 15 2019
Markets bounce and recover much if not all of the prior week's losses. Identify the strongest index and sectors, high odds patterns and common market behaviors. Market Internal breadth indicators and correlations. Differences with component weighting in sectors.
Market Observations as of Mar 8 2019
Markets reverse their bull trend and break down thru resistance after a final kiss goodbye on Monday's open. Common patterns when trends reverse, possible scenarios looking forward from here. Finding Outliers that ignore the overall market trends.
Market Observations as of Mar 1 2019
Markets pause as a 10 week rally takes a break. Market breadth diminished as key Resistance levels are tested. Options become cheap as hedges are placed. Waiting for evidence of a change, and not predicting.
Market Observations as of Feb 22 2019
Markets pause again this week then resume progress on Friday. Breadth grows as some Market Internal indicators show extremes. Earnings reactions and useful clues that come from what is missing in some charts. Oil, Gold and a few stocks are making new highs. Finding Strength.
Market Observations as of Feb 15 2019
Markets resume their 'Boxing Day Rally' after a pause last week. Tuesday and Friday see surges and break outs of Resistance. Common patterns form and confirmations of the continued rally. 10 year extremes in Market Breadth changes. Stock approaching or making new all time highs.
Market Observations as of Feb 8 2019
Markets rally and find Resistance, then pull back. Overall, very little progress for this week as most trends 'pause'. The pause extends to market breadth as momentum rests. Prepare for multiple scenarios of what may occur next. Mixed earnings reactions so far.
Market Observations as of Feb 1 2019
Consolidation period ends as Resistance is broken and bullish trends resume in many, but not all sectors. Reactions to scheduled news and Earnings, vs. Unscheduled news events. Continuation vs. Reversal patterns. McClellan Summation Index extreme moves.
Market Observations as of Jan 25 2019
Markets pause as Resistance and Support are tested. Earnings season ramps up with both positive and negative reactions. News reaction behaviors and trading opportunities. Continuation vs. Reversal clues. Catching a monster. Lots of charts to see examples with.
Market Observations as of Jan 18 2019
Markets pause in their rally to test resistance, then news reactions help break that resistance as markets rally. Strong reactions to financials earnings reports this week, Oil, Gold, US Dollar, and Market Internals are evaluated to identify useful correlations. Lots of charts to study and learn from.
Market Observations as of Jan 11 2019
Markets continue their rally, then find resistance and pause for several tests of that resistance. Broad market behaviors, and clues from correlations between Price and Volume trends. Using both facts and theories while keeping them separate.
Market Observations as of Jan 4 2019
Markets are quiet the last trading day of 2018 then gap down & rally, gap down & drop, and then gap up & rally with some volatility shown this brief holiday week. VIX vs. SKEW. Percent of stocks above their 200d SMA and examples of 'break outs' are shared. A 2018 relative chart summary with clues, and a 10 year index study to keep overall market context in place.
Market Observations as of Dec 28 2018
Markets continue to drop on Monday, then a strong rally kicks in on Wednesday and Thursday on the short Holiday week. Market breadth shows most markets are moving together. Using multiple time frames. Aggressive vs. Conservative triggers pros and cons. Systematic markets not showing any Panic.
Market Observations as of Dec 21 2018
Markets drop, pause for FOMC, then continue to drop, delivering one of the largest weekly bear moves this year. Breadth increases with 'safe' sectors also being drawn into the selling mode. VIX moves up to 30%, but no signs of real 'Panic'. Steady and strong selling as the Holidays and Year End approach. Using the power of Compounding in your trading, without increasing risks.
Market Observations as of Dec 14 2018
Markets break down below support, make another failed rally, and deliver both lower lows and lower highs. Top-Down analysis, strongest and weakest sectors, news reactions. Non-trending sectors and commodities, while relatively low Volatility continues.
Market Observations as of Dec 7 2018
Markets reverse to give back a week of gains in two days. Broad selling without panic. Using Trend Lines as Technical Tools. Yield curve inversion. Lots of charts showing correlations and non-correlations. Spotting whats missing.
Market Observations as of Nov 30 2018
Markets rally most every day this week, with Wednesday acceleration after comments from Fed. Chair J. Powell. Bullish clues and aggressive Trend Change confirmation. VIX and SKEW options market studies and interpretation. Relative strength of Markets and Sectors with uncertainty still in the air.
Market Observations as of Nov 23 2018
Markets resume strong selling the first two days of this short Holiday week, then bounce and fail. We look at the breadth and weighting of the major indexes and the stocks with the most influence. Even some of the 'safe' stocks get sold off this week. Examples of why Managing Risk is so very important.
Market Observations as of Nov 16 2018
Markets continue their selling, then bounce a little to end the week mostly down as Nov options expire. Finding opportunities and trading news events. Oil drops and Nat. Gas rally. Comparing Volatility of events in the markets to identify extremes vs. 'normal'. Finding 'outliers' that ignore the overall market trends.
Market Observations as of Nov 9 2018
Post election market relief Rally forms another Bull Trap as Wednesday's gains are mostly giving back the following two days. Does a 2nd week bounce mean the correction is done? Preparing for anything. New Market Breadth study. Volatility continues.
Market Observations as of Nov 2 2018
Markets remain volatile with a drop to new lows and new Support on Monday, then a rally most of the week to recover those losses, and a head fake gap up Friday that reversed and sold back down after testing Resistance. A Down-Up-Down week as volatility continues within a bearish context. Follow up on Symmetry, and lots of examples of Support and Resistance providing areas where price behavior changes, both short term and Long term.
Market Observations as of Oct 26 2018
Bearish markets resume to bring down most all sectors this week, even as strong earnings do little to slow the descent. Volatility expands along with strong volume, as selling dominates most days. We saw two 'Bull Traps' this week. Also, two chart examples of using symmetry to find potential targets.
Market Observations as of Oct 19 2018
Markets try to rally off of last week's lows. Most give back all or more of that one day rally by the end of this week. Bearish Clues. A study of the influence of FAANG stocks on the markets.
Market Observations as of Oct 12 2018
Markets begin the week with a pause, then broad based selling accelerates to see volatility nearing Feb levels. A study and comparison of volatile market moves over the past 20 years. What a 'climax' in selling looks like. Using the charts, correlations, and failures to navigate the markets.
Market Observations as of Oct 5 2018
Markets begin the week from where they left off from last week. Then Mid-week we see a big change, with big Bond volume, changes in the Yield Curve, and broad based selling the latter half of this week. Sector rotation and changes in leadership, exceptions, and trend changes we can study in the charts, both bullish and bearish opportunities.
Market Observations as of Sep 28 2018
Markets pause in their trends as the end of the month and quarter are digested. FOMC minuets reactions, Sector leadership and major changes in Sector Components. Dramatic economic stimulus this year as low volatility continues.
Market Observations as of Sep 21 2018
Dow and S&P deliver new record highs, Financials join in on the rotation along with Industrials and Metals that continue their rally. Tech stocks continue to pull back and consolidate. Upcoming re-organization of Market Sectors, and keeping a constructive FOCUS when trading.
Market Observations as of Sep 14 2018
Markets bounce to form consolidation. Dow theory and economic confirmations. Divergent stocks within one sector. Signs of consumer strength.
Market Observations as of Sep 7 2018
Markets reverse for a minor correction within a bullish trend. Sector divergences and outliers. Yield curve flatter & historic views. Fibonacci targets deliver. Support that holds or fails. Lots of charts and examples to learn from.
Market Observations as of Aug 31 2018
Markets continue their rally on mostly light volume, but with some exceptions. Footsteps left by the Quants. Outliers found in some sectors. Fibonacci extension example.
Market Observations as of Aug 24 2018
This week begins with continued quiet volume and sector leadership rotation. Most markets get into sync on Friday to rally together to produce new record highs and new high closes for the Nasdaq, S&P 500 and Russell 2000. The Top Down Analysis process, nested chart patterns and Outliers are among the sample charts we study this week. The Traders Paradox visited.
Market Observations as of Aug 17 2018
Markets reverse again, and a brief scare shakes the loose hands free. A strong rally follows in some sectors, as leadership changes hands. Clues for identifying Strength.
Market Observations as of Aug 10 2018
Markets continue their rally the first half of this week, then pause. Friday saw broad based gap down and selling, but no significant 'fear'. Protecting our Objectivity. Recognizing and changing personal bias. Market reactions to news events.
Market Observations as of Aug 3 2018
Markets begin the week with continued selling, then bounce after finding support. Thursday saw a gap down at the open and rally in most markets. Mixed leadership continues to change every few days. Earnings reactions provide more opportunities. Volatility remains low.
Market Observations as of Jul 27 2018
Markets break out to new highs, but fail to show follow-thru and begin to show signs of a reversal. Market Breadth and options Volatility add clues to the market behavior this week. Options Position Re-Entry example shared. Achieving Consistent Results.
Market Observations as of Jul 20 2018
Markets mostly in consolidation this week, with very small changes in value from the prior week. Low volatility environments, options Implied Volatility and SKEW as a Market Sentiment indicator and what could be behind the extreme in SKEW this week. Sector leadership changes as Earnings and reactions create short term opportunities.
Market Observations as of Jul 13 2018
The Nasdaq rallies to new record highs while the S&P is held back a little and the Dow is held back even more. We look at these divergences, and what could be behind them. We look FAANG stocks and their broad impact. Also we look at record levels of Stock Buy Backs and how those impact the markets in ways you may not realize. Lots of clues seen in the charts.
Market Observations as of Jul 6 2018
Markets mostly chop sideways in their consolidation ranges until breaking out late Thursday and continue on Friday, as buyers show some conviction. Strongest and weakest sectors evaluated, Market Breadth making new YTD highs, VIX returning to 'normal' and a flattening yield curve.
Market Observations as of Jun 29 2018
Markets drop a little in front of the end of the 2nd Quarter as indexes change and funds make adjustments. Breadth of the correction studied, and leadership changes observed. Stronger US dollar, increasing oil prices, dropping Gold prices and flattening yield curves. Observing messages in the charts.
Market Observations as of Jun 22 2018
Most markets pause for a bit of consolidation this week. Industrials, US Dollar and Gold a bit weaker this week. Retail and Tech leaders continue as Semiconductors fade and Utilities improve. Mixed messages about economic growth from Financials. Trade what you see and what the markets offer.
Market Observations as of Jun 15 2018
Mixed markets this week, as news events and quad witching throws a variety of catalysts at the markets. Sector rotation, Trend confirmations and changes, and ETF sector components are looked at with examples this week.
Market Observations as of Jun 8 2018
Most Indexes have Broken Out of there consolidation patterns and a few had gone on to also deliver new 2018 highs. Sector rotation shows changes in leadership this week. Examples of using Technical Analysis as a tool for guiding trading decisions. Examples of high odds patterns and the need for patience. Adapting to volatile stocks and capturing news reactions.
Market Observations as of Jun 1 2018
Markets either break out to higher highs, or remain inside consolidation. Examples of high odds patterns that often work, but not always. Sectors that provide clues, and stocks that ignore their sector trends. A mix of different sentiments this week.
Market Observations as of May 25 2018
Most markets remain inside consolidation in front of a three day Holiday weekend. Multiple ways to view market volatility as it has returned to 'calm'. Useful ways of using ATR studies. Trend Lines and Resistance 'Break outs' and 'Fake outs' with examples of both.
Market Observations as of May 18 2018
Markets consolidate this week, as F.A.A.N.G. stocks give back some gains, Oil rises to new highs, Gold drops, the US Dollar strengthens and the Russell 2000 makes new all time highs. We see some sector rotation and look at using trend lines as a way to gauge clues in the charts and price behavior changes.
Market Observations as of May 11 2018
Markets break out of consolidation. Oil makes new highs, the US Dollar strengthens and the VIX drops lower. Earnings reactions, and playing GAPs are explored.
Market Observations as of May 4 2018
Markets remain in Consolidation again this week with little net week to week change. The weak sectors continue to show weakness, a stronger dollar, new highs in Oil and strong earnings keep a mix of pressures. We saw several intra-day reversals this week. Finding some stocks that are exceptions to an over all non-trending environment.
Market Observations as of Apr 27 2018
Another week inside of consolidation with little price changes in the indexes, but with the bears flexing their convictions on Tuesday of this week. Earnings reactions not as most expected. The US Dollar strengthens as interest rates creep upwards.
Market Observations as of Apr 20 2018
Markets continue from last week's rally then reverse mid week. Some or all of the week's gains are returned the last 2 days of this week, while volatility remains stable. A different way to read the Volatility of the VIX to determine when an expanded volatility event is over. Also clues from high volume spikes in one sector this week. Lots of charts to study and learn from.
Market Observations as of Apr 13 2018
Markets remain inside consolidation patterns as Volatility slowly decreases. Markets react to Comments Monday night, and oil prices break upwards. Friday's strong earnings are met with strong selling at the open. Following leading sectors helps to improve the odds with Stocks in those sectors, when leadership changes. High odds patterns, and new opportunities found, even in tough markets.
Market Observations as of Apr 6 2018
Volatile markets continue with alternating and large range days. Prior lows are retested and some hold while other fail to provide support. Long term study of VIX and S&P corrections are evaluated with typical correlations identified. Short term trend changes with Break outs and Fake outs.
Market Observations as of Mar 29 2018
Volatility continues as broad market selling continues to test or break support. The bounce on Monday was all returned on Tuesday with a pause Wednesday before a smaller bounce on Thursday. The Quarter ends with a bearish month and elevated concerns going into the next month. High Put/Call Ratios may be a clue to a change or just quarter end Funds adjusting their Hedges. What were the Strongest Sectors and Stocks are hit hard the last two days of this quarter.
Market Observations as of Mar 23 2018
Markets break down out of consolidation with volume and breadth. Volatility expands as support breaks. Strongest and weakest sectors help to find bearish opportunities. Comparing market Volatility to prior events this year. Study some additional Market Internals and Sentiment Indicators to reveal the nature of this week's selling.
Market Observations as of Mar 16 2018
Volatility wanes as markets remain in Consolidation. Short term bear trend this week as Quad Witching effects Friday's markets that take a pause in the trends. Exposing high odds patterns and using Technical Analysis to reveal market behaviors.
Market Observations as of Mar 9 2018
Volatility fades as most markets break out of their Consolidation patterns. A study of various forms of Consolidation, and the more likely outcomes. Comparing relative strength during volatile markets and finding the strongest opportunities.
Market Observations as of Mar 2 2018
Volatility increases this week as ranges expand and two trend reversals occur. We study Trend Lines and Intra-day charts for confirmation signals. How we find the exceptions and strongest stocks within a volatile market. Reacting to faster moves while managing risks.
Market Observations as of Feb 23 2018
Market Volatility fades as mostly sideways markets persistently retest resistance. Most markets have been range bound for 6 sessions, with a few of the strongest stocks breaking out to deliver new highs. FOMC reactions on Feb 21st studied as a 'Market Internal' indicator "TICK" is introduced, explained and examples given. Stronger vs weaker sectors identified and used to find opportunities.
Market Observations as of Feb 16 2018
Volatility remains, but not as extreme as last week. Markets bounce, and their recovery this week reflects their relative strength. We look into how markets are Fractal and use multiple time frames to look at common behaviors. Strong sector leads to finding strong stocks to trade. A few of the strongest deliver new all time highs this week. Lots of chart examples to study and learn from.
Market Observations as of Feb 9 2018
Volatility has returned to the markets this week with the largest price swings and VIX levels seen in years. We also saw a quick 14 minute flash crash on Monday when the Algos took over, leaving a mess the remaining 43 minutes of the session. In the damage, we compared and identified the stronger stocks that did well this week. We also look at an example of a bearish position.
Market Observations as of Feb 2 2018
Some volatility returns to the markets with a minor correction seen with plenty of marekt breadth. Some sectors and stocks gave back all of their 2018 gains, while others held on. Spotting relative strength and weakness even in a down week. The value of having and sticking to your plan seen at work this week.
Market Observations as of Jan 26 2018
Another bullish week into the New Year. Earnings season ramping up with sympathetic reactions. US Dollar Index delivers new 3 year lows and Oil new 3 year highs as commodities react to the shrinking dollar. Market Trends and comparing various entry triggers pros and cons.