Recent SPX Rally Has Taken it Up to Falling Resistance
Prior to the market’s ~50 bps reversal lower into the close today we put up a post re: negative divergences b/t prices and momentum in the SPY 60 min chart, suggesting that in the very near-term, such divergences suggested a…
Getting Granular: Negative Divergences b/t Price and Momentum in the SPY
Never want to focus too much on posts like this or make them too frequent as it’s often overly myopic to do so, but thought it’d be worthwhile sharing. In the chart below in region (A) the SPY has recently…
Potential Set-Up for Equities into Jackson Hole, Germany’s Constitutional Court Ruling on the ESM 9/12 and the Fed Meeting Concluding 9/13
I hope you’ve picked up on my tone becoming less bullish in the near-term. I’ve not become bearish, but I have become less sanguine about the potential for the market to rally at escape velocity speed in the near-term. In…...
Short Yen Trade a Decent Opportunity with Clearly Defined Risk Paramters?
We’ve commented over the past few months one time about the Yen increasingly looking like a decent short opportunity. That said, it wasn’t yet clear the technical set-up was in place to actually execute the trade with any conviction. This…
Additional Thoughts on the VIX
Yesterday the VIX crossed below 14 and closed below that threshold for the first time in over a year. It’s done this (i.e., close below 14 for the first time in over a year) only two other times in history…...