Fishing Plan for Week of April 13 – 17: Worse Than 2008, More Like 1929
Market Thoughts Slow, sloppy day. Of my five top intraday, intermarket indicators: 2 Bearish, 1 Bullish, 2 Neutral. Think ‘counting cards’. If I don’t have 3/5 or 4/5, I just don’t see the point of playing. Bullish into Earnings: The bulk of SPX earnings are concentrated in the next 2 weeks with 66% of the […]
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Fishing Plan for Week of April 13 – 17: Bullish Into Earnings
The Week That Was Last week I anticipated $2800 would be tagged and it was. My range – as posted this weekend – was higher into $2800 but still holding the belief that we would begin to snake sideways from there. Curiously, institutions are already positioned for...
Watch Samantha Catch Oil’s Biggest 1 Day Gain
Often I find market moving news to trade on and announce it to my clients in my live trading room. This Oil trade was a bit different in that I was waiting for it. From Monday before – when I noticed STRONG option flow in USO, both in my live trading room and in...
Fishing Plan for Week of Feb 17-21: Wednesday
Market Thoughts Investors are selling off the Yen on horrific economic data and the result is a SPY QQQ melt-up, risk-on market. It most likely stops when the Yen selling stops! This is a 3-standard deviation move so it’s a Big Deal that looks risk off but it’s actually JUST the opposite! Soon ? Higher […]
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Guest Captain Commentary: Oil Conviction
Tony Greer of TG Macro pens a daily newsletter and this one caught my attention. With his permission I am sharing it with my clients for you know I am very much inclined to buy the Oil-Value-Reflation trade (as I have written about for weeks), but as discussed in my live trading room, I have […]
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Market Thoughts: Value, Here Me Roar
I have recently presented my case that central bank liquidity infusions to stem the economic damage from CoronaVirus could ignite inflation. If so, value stocks would roar back, since so many are tied to the Energy complex. And then a curious thing happened today: both Value (VALU) and Momentum (MTUM) were green in equal amounts […]
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Intermarket Chart Attack: While Waiting For A Rug Pull
While waiting for a rug pull (next 30 days I suspect), here are the strongest looking charts – both Intermarket and Sector. McClellan Summation is still pointing upwards with MACD now cooperating. This is bullish SPY until it reverses. Nasdaq McClellan Summation Index is also pointing upwards, although RSI is strongly overbought. This is still […]
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