Category: Indexes

A Tale Of Two Cities

My last three posts have been a coronavirus series, so I'm going to be putting in the links here so as to refer back to them easily for now. These are the three posts so far. 18th February - Peering Through The Fog Around Coronavirus COVID-19 24th February - Some Genuine Coronavirus Numbers Coming Through...

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Category: Indexes

Falling Down The Steps

Well it has definitely been a week to remember, with the coronavirus outbreak taking position front and centre. I was expecting a strong reaction as and when this penny finally dropped, though not this fast I have to say. Let's review the bigger picture on SPX first. On the bigger picture I was noting (notes...

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Category: Indexes

Some Genuine Coronavirus Numbers Coming Through

Following on from my post last week about the coronavirus COVID-19 here, we are now seeing some genuine coronavirus numbers coming through, and the numbers at the weekend weren't great so equity markets are down this morning in response. How bad was the news? Here are this morning's numbers: Honestly these numbers are not too bad...

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Category: Indexes

The January Barometer

When I looked a few weeks ago at the stat for the first five days of the year I found that the correlation with the yearly close there was essentially random, so I was wondering when I had a look at the full January Barometer stat whether I would find the same but was pleasantly...

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Category: Indexes

A Feast Of Numbers

Between cancer treatments (for my wife) and some serious IT issues I didn't manage a post last week, and have a bit of a conundrum this week as the post I'd ideally like to have published today would have involved too many charts and and an likely indigestibly large quantity of numbers for a single...

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Category: Indexes

Another Week, Another Inflection Point

Apologies for the lack of a post last week. Some of you know my wife has some health issues at the moment and they have me distracted. I'm doing this post tonight because SPX is at a key inflection point and because the way this breaks may deliver the direction for the rest of January....

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Category: Indexes

There Is No …….. QE4

Boy - 'Do not try to bend the spoon. That's impossible. Instead .... only try to realize the truth.' Neo - 'What truth?' Boy - 'There is no spoon' From The Matrix - 1999.  One thing that has been strange in the last few months is the virtual media silence about the Fed's increasingly aggressive...

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Category: Indexes

The First Five Trading Days Of January

The holidays are ending and volume should be coming back into markets next week as players return. New Year's Day on Wednesday is obviously a holiday as well, and the five trading days after that will be closely watched to deliver an indication of how the rest of 2020 might go. I'll be looking at...

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Category: Indexes

Not Even A Mouse

Well the holidays are upon us, and many of those of us with lives, or even just social lives, have taken a couple of weeks off to do non-market stuff. Even the algos seem suspiciously quiet and may be taking a few days off too. I'm still here because .... well ....... it's my job,...

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Category: Indexes

All Targets Great And Small

A week ago I was looking at upside targets on ES and the extended target on ES was in the 3180 target, made by the close of the week. I had other upside targets too with an extended IHS target on NQ that made target at the same time, and bull flag high retests on...

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