Here’s the JPM guy that is at the heart of the problem cheer leading for Team America.
Forget AAII, Investors Intelligence, and all that other contrarian sentiment clap-trap. The comment stream on Slope is pretty much all one needs to identify, virtually to the tick, key turning points. Witness this morning: (more…)
One thing sorely lacking in this market is the ability for a selloff in anything to last more than an hour or two. One glorious exception is one of my favorite shorts, Gerdau S.A., shown below. (more…)
The triangles on ES and SPX have continued to develop since yesterday and are now very clear, though both a little rough. ES has retraced to test triangle support again overnight and that is now a very well established support trendline. Here’s the triangle on the ES 60min chart: (more…)