Last week I said that Thursday’s bearish monorail bar made an imminent pullback more likely, and so it has proved. I had also mentioned over the previous couple of weeks that volatility was likely to increase, and that also happened. Regardless of what you see in the news, or what you read in forums or …
As mentioned last week, the likely scenario for this bull run is that the giant techs need to report their earnings before this market can take a proper rest. Interestingly, they pretty much all dropped last week – perhaps in sympathy with Tesla’s earnings reaction – with only Nvidia not quite puncturing its 20-dma. Meanwhile …
Last week I leaned towards the market having one more “hoorah” in this current upside cycle. It was a tough call as certain indications were suggesting the markets were overbought, while my trusted indicators were not. So, obviously I’m rather chuffed to have made a difficult call correctly, and the S&P has indeed broken its …
Big Announcement… Next year’s OptionEasy Bootcamp will be in… ORLANDO on 20th-21st April. More about that in due course. For now, let’s talk about the markets! In terms of the broad market, this week I have a question rather than an answer. As I look to my indicators that have served us so well, I’m caught in …
