Currently viewing the category: "General"

Pendulum Swing

On September 29, 2013 By

The early Monday morning saw the S&P without a friend. However the erosion was contained and a rescue push was orchestrated to offset price deterioration. The market had a very heavy look to it but as of yet has not fallen with the heaviness that it portrays. The bonds have been able to probe above132 even [...]

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Markets have a tendency to be influenced in different degrees. A person who has a sprained ankle is much more susceptible to an additional sprain situation than a completely healthy ankle. Similarly, the chronic or perhaps terminal health of the bond markets has raised rates. This is a contagion that will eventually spread to stocks. [...]

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Is the Market off the Juice?

On September 16, 2013 By

The slow methodical rally last Monday pushed through resistance areas like a bulldozer in low gear. Not a typical type of action for a bullish move but rather a typical manipulative action of massive computers. The bonds were actually in a divergence as they were in the plus column as well as stocks. They did not [...]

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The Whipsaw

On September 8, 2013 By

The holiday weekend showed that Syria is now a political tool. Congress is to vote on the situation rather than Obama taking the lead. It has delayed the process and the market responded with a holiday rally. However this influence will diminish as time goes forward. Therefore any rallies associated with Syria will probably be [...]

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Tape Action

On August 13, 2013 By

As of mid-week we still had not seen a 30 point down day which means the pressure is intense. It may take a catalyst for a true selling pressure to win over the manipulators. The bonds gave a big yawn last Wednesday at the 10 Year Auction. It is one of the most benign movements seen [...]

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Strong-arming Fibonacci

On August 4, 2013 By

The entire month of July had not had a 30 point decline in the S&P futures as of Monday. We closed on the first day of July at approximately 1606. The only way that a market can act the way this July has been, is by incredible manipulation. I personally do not understand why it [...]

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Lowering the Volume

On July 21, 2013 By

The beginning of our trading week was knocking on the door of 2013 highs in the S&P futures. The number of S&P contracts traded Monday represents less than 50% of normal average volume. We were into 15 days without a 30 point correction and I expected a sharp 1 to 2 day correction in the magnitude [...]

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FOMC Prompts Highs

On July 14, 2013 By

It is important to note that the internals of the market were weak. A large percentage of the day the tick registered minus even though we had a plus print on the S&P Futures. The light volume signifies that traders are waiting and institutions are on the sidelines. I have no doubt that the Federal Reserve is trying [...]

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Crushing the Bonds

On July 7, 2013 By

The first day of a new month generally has a buy bias but the lack of energy this afternoon indicators that the continuous buy programs of this morning are gone. The bonds are trying to gather some momentum as each rally seen over the past several weeks has been met by a  flurry of selling. They were [...]

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Halfway Point

On June 30, 2013 By

Monday’s S&P 500 lows 1553.25 became a short term potential support area, but if violated on a close anytime in the near future would be monumental to a bearish environment. The breakdown area of 1595 is a paramount resistance for the short term and intermediate term. Devastation is the word that bond fund managers are using [...]

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