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 […]

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 […]

Deceptively Close

I was saying on Wednesday last week that ES, then six handles under the all time high, was deceptively close to the all time high, and that was because ES was already making heavy weather of getting through to retesting it. Nine days later ES is seven handles under the ATH at the time of […]

Goodbye to 2016

It’s been an interesting year on equities this year, with plenty of thrills and spills, and with some extremely dull periods where volatility almost vanished. Not the easiest year to trade, but generally something interesting happening, even if that was only a record-challenging period of very little volatility like the one we saw in the […]

The Low Before The High

Just when you think the tape has gone into a persistent vegetative state it can sometimes surprise you, and ES did that yesterday with an unexpected trend down day. This is good news from a technical perspective as there is usually a spike down shortly before a significant high, and I was thinking that ES […]
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