MACD

Tyler Durden's picture

Is It Time to Get into Crash Positions, Or Will The Market Just Enter A Glide Path Rather Than A Tailspin





After a dizzying 500+ point drop in the Dow on Friday, should we brace for impact? There are plenty of fundamental and technical reasons to view the swoon this week as the initial downturn that presages a crash landing.  But if we look at the last equivalent spike down in October 2014, we're not so sure. Both spikes (October 2014 and August 2015) smashed through the lower Bollinger band, but the volume in last week's plummet was nothing special compared to the 2014 swoon.

 
Marc To Market's picture

Short Covering Lifts Euro and Yen; More to Come?





Steep losses in the dollar, stocks and commodities, for sure, but does it really signal a systemic crisis? 

 
Tyler Durden's picture

Technically Speaking - Bears Are Winning





Whether, or not, a Greek exit from the Eurozone or a potential debt default is "the thing" that sparks the next major correction in the markets is unknown. Historically, such a widely "known" event is generally already factored into the markets and has much less of an impact when that event eventually comes to fruition. As Art Cashin suggested this morning: "I think China may be more important than Greece. Stick with the drill – stay wary, alert and very, very nimble."

 
Tyler Durden's picture

How Much More Extreme Can Markets Get?





These charts help us understand that a top is not just price, but a reversal in extremes of margin debt, valuation and sentiment. Many observers have an unyielding faith that central banks will never let markets decline ever again. There are four flaws in this blind faith...

 
Tyler Durden's picture

Is This The Chart Of A Healthy Stock Market?





If fundamentals like profits and sales no longer matter, then all that's left is faith that central banks will never let stock markets fall ever againNever, ever; that is of course the language of fairy tales.
 
Tyler Durden's picture

S&P 500: A Pause That Refreshes, Or Is The Top In?





A 480-point drop in the S&P is currently deemed impossible; but then 480-point declines are always "impossible," yet they happen despite this presumed impossibility.

 
Marc To Market's picture

Dollar's Demise Exaggerated: Technicals Anticipate Turn in Fundamentals





Yogi Berra, one of the keenest observers of the human condition, is said to have once remarked "It is tough to make predictions, especially about the future."  And so it is.

 
Tyler Durden's picture

Bull Market Most Overbought/Leveraged In History





Currently, with Central Banks fully engaged in monetary interventions on an unprecedented global scale, there is seemingly nothing that can stop the current advance. Of course, it is that very "thought process" that has been a hallmark of exuberant markets in the past.

 
Tyler Durden's picture

Wedges And Triangles: Big Move Ahead?





The central bank high is euphoric, the crash and burn equally epic. Be careful what monkey you invite to latch onto your back...

 
Tyler Durden's picture

Red Flags





Mohamed El-Erian's comments this week caused a stir among the status quo-huggers, as they were clearly a valuation call on the financial markets suggesting that currently having capital invested was likely to yield substantially lower or negative return in the future. This is an extremely important concept in understanding the "real value of cash." Not unlike the rhetoric of the late 1990’s or mid-2000’s, there is no shortage of rationalizations for why such currently extraordinary valuations are reasonable and justifiable. The fact remains firmly in place, stocks are expensive. Of course, since Wall Street does not make fees on investors holding cash, maybe there is another reason they are so adamant that you remain invested all the time. 

 
Tyler Durden's picture

You Too Can Make Millions With Unregulated, Leveraged Derivatives In Chile





Meet ForexChile, the largest purveyor of leveraged contracts for difference in Chile and the subject of a scathing Bloomberg report which outlines how unsuspecting retail investors end up 100X leveraged on derivatives they sometimes do not understand.

 
Marc To Market's picture

Dollar Bulls Regain Upper Hand





When the dollar falls, we are told it is logical.  The empire is crashing and burning.  When the dollar rises, the markets, we are told are manipulated.    Well, the dollar is back, and the technical correction ended, near we told you it would.  

 
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