Friday The Thirteenth

Stan and I were asked an interesting question yesterday, which was whether we had any historical stats for how equities tend to perform on Friday the Thirteenth. We don’t, and I don’t recall ever seeing any. Has anyone seen stats on this? Interesting question and if I ever have some free time I might work […]

IWM & SPY in Precarious Near-Term Technical Positions

Both iShares Russell 2000 (IWM) and SPY (lower chart) are in tenuous technical positions right now. IWM has violated key support at 134.80/40, but has yet to follow-through to the downside, while SPY is probing, piercing, its Nov support line. Let’s see if the bears can get any traction to the downside after inflicting initial […]

Peering Over The Edge

This is obviously a very toppy looking setup on SPX and it’s highly likely that SPX is topping out here in the short term, and very possibly making a major bull market top. In terms of timing, topping processes on SPX tend to be slow and my working assumption has been that SPX would kick […]

The TF Falling Wedge Breaks Up

The very nicely formed falling wedge on TF has broken up. Triangle support and the monthly pivot were broken slightly overnight, and Stan & I were looking at that last night and felt that a marginal break, like the one seen overnight, wouldn’t invalidate the bull scenario. If TF can get back over the weekly […]

Aces and Eights

SPX and NDX made new all time highs on Friday, and the minimum requirement that we were looking for in the high that is forming here has been met. There is a setup for sharp retracement from here, though it’s very much still in the inflection point still, and I’ll be showing you on the […]
1 2 3 170