•
Its an honor sitting down with Chris Kimble of Kimble Charting Solutions. We walk through his thinking here on The Nikkei, home construction, high yield debt and margin debt. This is a serious weekend watch. Enjoy… $EWJ $TLT $XHB $SPY
•
Something to keep in mind kids… Its impossible to precisely measure market sentiment. Compare it to measuring market behavior. There is only one way to measure market behavior but we can do that with total precision. Look at a chart and we know the high, low and close over multiple time frames and also…
•
Just did a quick hit with Zor Capital’s Frank Zorrilla (@zortrades) and we played What Are You Trading?…. Zor’s trading $DDD & $TSLA for bounces off support. Check It:
•
The financials are arguably the most important sector. The view goes that the health of the banks relates most directly to the health of the economy in general. Today is one of those days where we are seeing breakouts galore in the sector and outperformance with the $SPX up .79% and the $BKX up…
•
On the video this Friday afternoon, JC Parets and I talk $SPX levels, the rotation out of defensive names and into energy and materials, the long Europe short Latin America trade, the Yen, bonds, Utes and the Miami Heat. All goodness for the peoples. Have a great weekend…. $SPY $FEZ $ILF $USDJPY $TLT
•
Never let me slip cause if I slip then I’m slipping – Dr. Dre There’s one great lesson for newer traders in the price behavior of gold and Apple that is easy to understand but more difficult to respect. When an asset that has had a great run breaks, its broken, and there is not enough…
•
Back in early March when the Dow Jones Industrial Average and Transports were making all time highs, I wrote a piece about reflexivity and the new highs: Executives at large companies who observe the broad market making new highs and their own stocks doing well will have a tendency to grow more confident in…
•
Just spent some minutes catching up with Ryan and JC… $SPY $TLT $XRT $CMG et al…