Category Archives: Equities

S&P Levels To Watch

We maintain our view there is a high probability the 2018 S&P500 intraday low at 2532.69 will be tested, which is 5.87 percent below today’s close. The next levels to watch are closes below 2641.24 and 2581.0, the recent and … Continue reading

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Rosie On Investing In 2019 – Financial Post

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Is The 10-Year S&P500 Rally At Risk?

We don’t know and neither does anyone else. We do know, however,  the market trades horribly;  it can’t hold its water on rallies;  has lost its leadership and trades rudderless,  and the index is getting close to testing some key … Continue reading

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Key S&P500 Fibonacci Retracement Levels

Watch this space.   The battle taking place right now at 2,732.42. No sense to even think about getting long for a swing until it clears and closes through the .500 at  2772.   Mr. Market desperately needs to close above 2732.42 … Continue reading

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S&P500 Key Levels

The oversold S&P is off 30 points from its morning high.  It’s imperative it has a strong close today. We do think a test of the February low of 2532. 69 is a done deal, that is another 5.4 percent … Continue reading

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Harbinger? Dropping Like A BlackRock

                   Source:   Holger Zschaepitz @Schuldensuehner Wow.   Completely missed the 34 percent flop in Blackrock, the world’s most massive shadow bank, from its $594.52 January high.   Now trading through the key $400 level, with … Continue reading

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On This Day In History: The Fed Put Is Born

Or, at least, went into labor.     Wow,  three decades and one year today, I was a young economist at the World Bank.  My friend and I, now the chief economist at the FDIC, were graduate students and walked … Continue reading

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Chinese Stocks Have Been Shanghaied

Shanghai – term describing a type of kidnapping.  Back in the 17th and 18th century in back alleys behind orphanages and bars there were trap doors that were watched and opened on drunken people or wandering children, then the children or drunks were … Continue reading

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Traders Get Caught…..

What is else in new? Slice through the 200-day like a hot knife through butter yesterday only to close above it today.  Still would not touch equities here for my than a flip,  and looking to get shorty at higher … Continue reading

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Price Action In The S&P & Its 200-day MA

That was easy. Only second close below the 200-day (2765ish) for the S&P since January 2016.   The 200-day has been steel support for the S&P500, and a trampoline for reversal rallies over the past few years.   Not today. Is this … Continue reading

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