Markets unlocked 3/21/23: Watch the Nasdaq
All eyes will be on the FOMC mid-week, and we expect that markets will react, perhaps with extreme volatility, to any comments. This environment should underscore the futility of trading…
Markets unlocked 3/13/23: What happens next?
One of the things that has surprised me over the years (in a good way!) is that macro shocks align with technical, more often than not, when technical patterns are…
Markets unlocked 3/6/23: Strength from the bottom
The last few weeks have seen stocks under moderate pressure. Though bullish patterns have degraded on daily charts, our read of market conditions has been that this has not been…
Markets unlocked 2/27/23: Monitoring weakness
Stocks were once again weak last week. While it's easy to extrapolate whatever the market is doing into infinity, it's important to put the move in context. This, in fact,…
Markets unlocked 2/13/23
Last week saw several rounds of strong selling pressure in stock indexes, including a classic downtrend day on Thursday. (See chart below, just for the illustration of a textbook-perfect downtrend!)…
Markets unlocked 2/5/23: Big moves–good setups?
Last week saw some fireworks in stock indexes. Moved mostly by a handful of tech earnings and announcements with a solid dose of FOMC magic, US indexes chiseled out some…
Markets Unlocked 1/25/27: Short term upside?
As we head into the end of January, technical conditions in major stock indexes are showing a lot of strength. We see solid justification for short-term (< 2 week) swing…
Markets Unlocked: Contraction underway 1/23/22
The week ahead will feature some potentially market-moving datapoints. Watch, especially, GDP on Thursday and PCE on Friday. Current technical position The past week saw some of the strongest selling…
Markets Unlocked 1/17/23: Rotation to start the year
The week ahead is a shortened holiday week (Monday close), but we've already gotten a little insight into market tone for the new year. Perhaps the most striking element is…
Markets Unlocked 1/9/23: Global relative strength
Happy New Year to all of my readers! We took a couple weeks off from these regular blog posts at the end of the year, but let's dig in and…
Markets Unlocked 12/19/21: Cycle highs?
Here we go... heading into the end of the year. In terms of pure price patterns, there's a reasonable chance that an intermediate-term cycle top is in place in major…
Markets Unlocked 12/5/22: Is Santa coming this year?
Happy December, everyone. As we head into the end of the year, let’s take a quick look at where the market is likely headed in the near term, in the…
Markets Unlocked 11/21/22: Thanksgiving day seasonal bias
Markets were solidly locked in tight ranges this week, with many cryptocurrencies winding down in tight coils. We reminded our MarketLife members that, while such patterns always lead to great…
Markets Unlocked 11/14/22: Is the market wrong?
The market had a stunning reaction to the CPI number this week, with one of the largest gap openings on record (to regular session hours), and a historic uptrending day…
Markets Unlocked 11/7/2022: Time to pay attention to the yield curve
So, folks, there’s news: our yield curve model inverted (for the first time since 2007) on 10/27/22. While nearly everyone seems to be aware that the yield curve is inverted,…
Markets Unlocked 10/31/22: Fed Watch
Happy Halloween, everyone! As we head into the end of the first month of the last quarter of the year, the major news behind us is a GDP report. Politicians…