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“Month of February Usually Cool To Equities?” or “Hedge Fund Theory Biggest Test Ahead?”

[vc_row][vc_column][vc_column_text]The equity market is perched upon another potential inflection point with the arrival of the usually challenging month of Feb. I have been writing about December since it unfolded and how the message it sent is up in the air IMO. The accuracy of assessing Dec’s message could determine the direction of stocks for several...

“Oh The Humanity, Perma Bears Being Mauled!” or “Sideline Cash Chasing Shorts Thru Breakout?”

“Oh The Humanity, Perma Bears Being Mauled!” or “Sideline Cash Chasing Shorts Thru Breakout?”

[vc_row][vc_column][vc_column_text]Today played out like most Fed days in the 10 year bull market. A market rally on cue post the 2pm EST announcement. It’s as if stocks are giving the Fed a Standing O for their wisdom. Today was significant as most domestic indices/sectors joined the foreigners move last week making new 2019 highs just...

“Evidence Mounts For Hedge Fund Theory & FOMO Driving Stocks Higher?”

“Evidence Mounts For Hedge Fund Theory & FOMO Driving Stocks Higher?”

[vc_row][vc_column][vc_column_text]I have been writing about the unusual activity (carnage was more accurate description) in December. The premise I laid out the first week of the year was a significant number of hedge fund closures in the fourth quarter produced a collective rush to sell. The ensuing  cascade overwhelmed the normally light trading holidays creating what...

“Make or Break Week For Equities as Bull/Bear Debate Get’s Real Interesting?”

“Make or Break Week For Equities as Bull/Bear Debate Get’s Real Interesting?”

[vc_row][vc_column][vc_column_text]Last week I wrote about the possibility Hedge Fund liquidations were at the crux of the stock slaughter in December. If that assessment is accurate (no hardcore current data to confirm) the Nov low, around 2600, should have been the bottom. This past week we did regain that level (see charts below). A continued run...

“Hedge Fund Liquidation Theory & Sideline $ Sending Bears Back To Cave?”

“Hedge Fund Liquidation Theory & Sideline $ Sending Bears Back To Cave?”

[vc_row][vc_column][vc_column_text]The 650 Dow point lump of coal stocks left under the tree Christmas eve is now the marker for most technicians. This majority, as well as many non–technical types, are confident equities cannot produce an advance towards new highs without a retest of the Yuletide low. For good reason too, as most constructive bottoms historically...

“Bad Apple Won’t Stop Equity Run & Emerging Markets Reveal Tells?”

“Bad Apple Won’t Stop Equity Run & Emerging Markets Reveal Tells?”

[vc_row][vc_column][vc_column_text]The stock market is obviously extremely oversold from an intermediate term standpoint and I am guessing that today’s aftermarket pre-announcement of a poor quarter by Apple could plant the bottoming flag? They saved the 2018 performance of many a money manager by notifying the street today and not in December as the stock was down...

“Furiously Failing Buy Signals Sending What Market Message?”

“Furiously Failing Buy Signals Sending What Market Message?”

[vc_row][vc_column][vc_column_text]Buy signals continue to flounder with the usually definitive capitulatory towel tossing still MIA. I am going to make this short this morning as I have clearly overdone writing about the failing Buy Signals of the last several weeks. And they are strong signals, which makes for a somewhat scary environment.  Last Monday the Dow...

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