Category Archives: Head Fake

If You’re Betting Big on an Explosive Rally You Definitely Do Not Want to Miss These Charts!

You’ve got to hand it to the manipulators, they managed to get stocks almost to their former highs in a matter of days. However, underneath the surface, internals are calling, “BS.” High yield credit, which bottomed first and lead stocks … Continue reading

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Ignore the Manipulations… Another Bloodbath is Coming

The stock market manipulations are getting even more desperate. On Friday I noted that the only thing holding up the stock market was abject manipulation. As I noted then, financial institutions do NOT attempt to move markets. In fact, the … Continue reading

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Guess Who’s Getting Taken to the Cleaners This Time Around?

The only thing holding the stock market up is blatant manipulation. Financial institutions do NOT attempt to move markets. In fact, the traders charged with executing these institutions’ trades are graded based on their ability to buy and sell large chunks of … Continue reading

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The only thing holding the stock market up is blatant manipulation. Financial institutions do NOT attempt to move markets. In fact, the traders charged with executing these institutions’ trades are graded based on their ability to buy and sell large chunks of … Continue reading

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The Fed is NOT Coming to the Rescue This Time… Are You Paying Attention?

The dip buyers got annihilated yesterday. Stocks started the day up as traders “bought the dip” expecting that once again the Fed would intervene to prop the markets up. They were wrong, and stocks rolled over a dropped hard into … Continue reading

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The Fed Just Shared a Disturbing Fact… Are You Listening?

By Graham Summers, MBA Stocks are bouncing again because investors have been trained by the Fed to “buy the dip” since the March 2020 lows. So, traders are buying this one. However, there is a big difference between this recent … Continue reading

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Warning: Stocks Are Three Standard Deviations Away From Their Average Historic Price

Let’s set politics aside today and focus on the stock market. From a technical analysis perspective, the market has become extremely overstretched and is due for a correction. The S&P 500 is trading above its monthly Bollinger Bands to the upside (red … Continue reading

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The Stock Market is About to Tell Us the Truth About COVID-19

President Trump has tested positive for COVID-19. And we are about to see a REAL COVID-19 test play out in the stock market. Let me explain… The COVID-19 pandemic has been one of the most polarizing issues in American history. One group … Continue reading

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Is the TOP In? Here Are Four Charts to Help Us Find Out

The single most important thing to do today is “watch and wait.” Stocks got slammed yesterday. For all of the carnage, the S&P 500 held its bull market trendline. If the TOP is indeed in as many are claiming, we … Continue reading

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Gold Goes Parabolic, While Stocks Chop… What’s Next?

Stocks are up this morning as the $USD plunges. The S&P 500 is chopping around overhead resistance (red line in the chart below). It feels like a lot is happening on the surface, but once you look at the chart … Continue reading

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Graham Summers’ Weekly Market Forecast: Will Support Hold?

Stocks have fallen to test support. The rising bearish wedge formation (blue lines) everyone has been tracking broke late last week. The S&P 500 has now fallen to test support (red line). The bears have jumped on this move, stating … Continue reading

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The Three Charts Professional Traders Are Watching This Week

Stocks have fallen to test support. The rising bearish wedge formation (blue lines) everyone has been tracking broke late last week. The S&P 500 has now fallen to test support (red line). The bears have jumped on this move, stating … Continue reading

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Stocks Are Down… But Will They Retest the Lows?

Stocks have fallen to test support. The rising bearish wedge formation (blue lines) everyone has been tracking broke late last week. The S&P 500 has now fallen to test support (red line). The bears have jumped on this move, stating … Continue reading

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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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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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Stocks Pullback… But Are the Lows In?

Stocks are due for a pullback here. The initial “sugar high” from the Fed throwing trillions of dollars at the financial system is ending. And various ratios I track are suggesting we could have a period of “risk off” or … Continue reading

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This Chart is Warning of a Pullback… But How Deep Will It Go?

Stocks are due for a pullback here. The initial “sugar high” from the Fed throwing trillions of dollars at the financial system is ending. And various ratios I track are suggesting we could have a period of “risk off” or … Continue reading

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