Monthly Archives: April 2020

Stocks Broke the 61.8% Retracement, But Can They Stay There?

The stock market managed to break above its 61.8% retracement briefly yesterday. From a technical analysis perspective, breaking above a 61.8% retracement usually means that the rally is no longer just a bounce but the start of something bigger. However, … Continue reading

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Stocks Have Broken Out… What Comes Next?

The stock market managed to break above its 61.8% retracement briefly yesterday. From a technical analysis perspective, breaking above a 61.8% retracement usually means that the rally is no longer just a bounce but the start of something bigger. However, … Continue reading

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Stocks Are At a Critical Juncture… Do We get New Highs or Another Crash?

The market is now approaching “the line in the sand.” That line is the 61.8% retracement of the March meltdown. As Bill King has noted, a big problem with major market crashes is that they render most technical metrics useless. … Continue reading

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Stocks Are At the “Line in the Sand,” What Comes Next?

The market is now approaching “the line in the sand.” That line is the 61.8% retracement of the March meltdown. As Bill King has noted, a big problem with major market crashes is that they render most technical metrics useless. … Continue reading

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This is the Most Important Chart For Predicting If We Crash Again

The market is now approaching “the line in the sand.” That line is the 61.8% retracement of the March meltdown. As Bill King has noted, a big problem with major market crashes is that they render most technical metrics useless. … Continue reading

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It Doesn’t Matter What We Think… It’s What the Market Thinks That Matters

As I keep saying, it doesn’t matter what we think… it’s what the market thinks that matters. Personally, I think it’s insane that the Fed has nationalized the entire debt markets. Similarly, I think it was a massive mistake to shut down the economy. … Continue reading

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The Retracement, Bull Flags, And Breakouts You Need to See Today

As I keep saying, it doesn’t matter what we think… it’s what the market thinks that matters. Personally, I think it’s insane that the Fed has nationalized the entire debt markets. Similarly, I think it was a massive mistake to shut down the economy. … Continue reading

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Three Charts You Need to See Today

As I keep saying, it doesn’t matter what we think… it’s what the market thinks that matters. Personally, I think it’s insane that the Fed has nationalized the entire debt markets. Similarly, I think it was a massive mistake to shut down the economy. … Continue reading

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Is the Fed About to Unleash An Inflationary Storm?

It is looking increasingly as if the bottom is in. At the March lows, the percentage of stocks trading below their 200-day moving averages hit levels associated with major bottoms (think 2002 or 2009). This doesn’t mean we couldn’t revisit the lows… … Continue reading

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Was Late March THE Lows For a New Bull Market?

It is looking increasingly as if the bottom is in. At the March lows, the percentage of stocks trading below their 200-day moving averages hit levels associated with major bottoms (think 2002 or 2009). This doesn’t mean we couldn’t revisit the lows… … Continue reading

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Does It Matter If the Fed is the One Forcing Stocks Higher?

It is looking increasingly as if the bottom is in. At the March lows, the percentage of stocks trading below their 200-day moving averages hit levels associated with major bottoms (think 2002 or 2009). This doesn’t mean we couldn’t revisit the lows… … Continue reading

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What Are the Markets Saying About Inflation Today?

“The question is not which woman is the most beautiful but which woman everyone else will think is the most beautiful.” The man in front of me is a billionaire investor. He is a self-made billionaire. He has actually funded … Continue reading

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On Second Level Thinking and the Coming Inflationary Storm

“The question is not which woman is the most beautiful but which woman everyone else will think is the most beautiful.” The man in front of me is a billionaire investor. He is a self-made billionaire. He has actually funded … Continue reading

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Investing Lessons From a Self-Made Billionaire

“The question is not which woman is the most beautiful but which woman everyone else will think is the most beautiful.” The man in front of me is a billionaire investor. He is a self-made billionaire. He has actually funded … Continue reading

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Energy is Leading the Broader Index From the Lows

There’s a saying that “in bull markets, stocks don’t sell off on bad news.” I mention this because the latest jobs data is out and it’s horrific. Another 4.4. million Americans have filed for unemployment bringing the total the number … Continue reading

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There’s a saying that “in bull markets, stocks don’t sell off on bad news.” I mention this because the latest jobs data is out and it’s horrific. Another 4.4. million Americans have filed for unemployment bringing the total the number … Continue reading

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On Negative Oil Prices, Derivatives, and Systemic Risk

Let’s talk about what just happened with Oil prices. Yesterday, Oil dropped to -$40 per barrel. That is not a typo. Oil was priced at NEGATIVE $40. On Friday, it was priced at $27 per barrel. How is this possible? This … Continue reading

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Is Oil the Canary in the Coal Mine for a $640 Trillion Derivatives Disaster?

Let’s talk about what just happened with Oil prices. Yesterday, Oil dropped to -$40 per barrel. That is not a typo. Oil was priced at NEGATIVE $40. On Friday, it was priced at $27 per barrel. How is this possible? This … Continue reading

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How Long Until The Fed is Forced to Intervene Again?

The financial system is now completely addicted to Fed interventions. As I’ve noted over the last month, the Fed has implemented monetary programs to buy just about every asset class. As a brief refresher, the Fed is now intervening directly … Continue reading

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The Markets Are Now Addicted to Fed Interventions

The financial system is now completely addicted to Fed interventions. As I’ve noted over the last month, the Fed has implemented monetary programs to buy just about every asset class. As a brief refresher, the Fed is now intervening directly … Continue reading

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