Smart Cheaters, New OVI ChartsAfter a volatile few days after earnings season, the markets are soaring to new highs. In my last webinar I suggested that new highs could indeed be made, but I questione…
VIX at 5-Year LowThe VIX (Chicago Board Options Exchange Market Volatility Index) is a measure of the implied volatility of the S&P 500 index options. It represents one measure of the m…
I mentioned last time that the S&P was forming a potential a bear flag. The very next day the market slid further but did not break the support formed by the low on 10th April. Our tra…
I mentioned last time that more volatility was likely … and that is happening with whipsaws being the rather unpleasant norm. During times like this we have to be patient – it’s not always …
We’ve seen a classic pennant forming on the main indices that seems to be resolving itself to the upside – at least in the short term. Let’s look at the indices to tell us some more: SPY
From…
Hi Everyone
Just a quick note to comment on the general market action right now.
Yesterday’s rebound is a natural reaction and I wouldn’t be surprised to see more wild gyrations for a few …
Hi Everyone
I really hope you paid attention to my blogs last week. If you did, you’d be in great shape this week.
Let me emphasise one thing. There is absolutely no surprise t…
I know I don’t email and blog that much, and that’s because I only want to contact you when there’s something important to say.
If you read my email from 26 April you would have prepared yourself for …
Hi Everyone
By now you know my mantra:
“Trade What You See”
And still what we can see is a rising market with the OVI largely positive. This generally points to a contin…
Hi Everyone
Very weak action yesterday – with the main indices only poking through Friday’s high temporarily before slumping again. This is bearish, but still don’t be surprised if we see some s…
