Category Archives: Head Fake

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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Ignore the Goldilocks Crowd, the Economic Damage and the BEAR Market Are Very Real

Let’s focus on price. The S&P 500 has clearly broken its downtrend (red lines). It is now bouncing in an uptrend (blue lines). The issue is whether it can continue to do so or if another leg down is coming. … Continue reading

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Warning: the Bear Market Bounce Might Be Ending

Let’s focus on price. The S&P 500 has clearly broken its downtrend (red lines). It is now bouncing in an uptrend (blue lines). The issue is whether it can continue to do so or if another leg down is coming. … Continue reading

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Don’t Be Fooled, These Kinds of Moves Only Happen During BEAR Markets

Let’s focus on price. The S&P 500 has clearly broken its downtrend (red lines). It is now bouncing in an uptrend (blue lines). The issue is whether it can continue to do so or if another leg down is coming. … Continue reading

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The Covid-19 Pandemic is Ending… Now Comes the Economic Fallout

Stocks exploded higher yesterday on announcements that the coronavirus pandemic appears to be slowing. The rally has continued in the overnight session. The S&P 500 will be opening north of 2,700, well above a 38.2% retracement and closing in on … Continue reading

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Credit Forecast the Crisis Weeks Before Stocks… So What Is It Saying Today?

Stocks exploded higher yesterday on announcements that the coronavirus pandemic appears to be slowing. The rally has continued in the overnight session. The S&P 500 will be opening north of 2,700, well above a 38.2% retracement and closing in on … Continue reading

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The market got hit yesterday in a big way, but the selling was well contained. Traders have become way too conditioned to the market doing nothing but going up. As a result, we are in the ridiculous state in which even a single … Continue reading

Posted on by The Phoenix | Comments Off on Stocks Have Overdone It Again

The market got hit yesterday in a big way, but the selling was well contained. Traders have become way too conditioned to the market doing nothing but going up. As a result, we are in the ridiculous state in which even a single … Continue reading

Posted on by The Phoenix | Comments Off on There is Still Some Downside Potential, But After That Stocks ROAR Higher

The market got hit yesterday in a big way, but the selling was well contained. Traders have become way too conditioned to the market doing nothing but going up. As a result, we are in the ridiculous state in which even a single … Continue reading

Posted on by The Phoenix | Comments Off on Ignore the Doom and Gloom Crowd, This is Going to Be a BUYING Opportunity

The market got hit yesterday in a big way, but the selling was well contained. Traders have become way too conditioned to the market doing nothing but going up. As a result, we are in the ridiculous state in which even a single … Continue reading

Posted on by The Phoenix | Comments Off on Ignore the Media, Let’s See What the Market Says Is Really Going On