Category Archives: Head Fake

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

Posted in Head Fake | Comments Off on Credit Forecast the Crisis Weeks Before Stocks… So What Is It Saying Today?

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

The market dip I wrote about last week has finally hit.  Breadth warned this was coming last week, when it struggled to go vertical mid-week. We have a megaphone formation in place that suggests we’ll see a bit more downside … Continue reading

Posted on by The Phoenix | Comments Off on The Fed Will Use This As an Excuse to Go NUCLEAR With Monetary Policy

The market dip I wrote about last week has finally hit.  Breadth warned this was coming last week, when it struggled to go vertical mid-week. We have a megaphone formation in place that suggests we’ll see a bit more downside … Continue reading

Posted on by The Phoenix | Comments Off on Graham Summers’ Weekly Market Forecast 2-24-20 (When Does the Fed Intervene?)

The market dip I wrote about last week has finally hit.  Breadth warned this was coming last week, when it struggled to go vertical mid-week. We have a megaphone formation in place that suggests we’ll see a bit more downside … Continue reading

Posted on by The Phoenix | Comments Off on Gold Is Predicting a MAJOR Fed Intervention is Coming

The media continues to send out articles suggesting that the coronavirus is a massive problem that could wipe out a large portion of humanity. I can’t help wondering that if that is actually possible, why has China’s stock market fallen … Continue reading

Posted on by The Phoenix | Comments Off on What is the Market Telling Us About Coronavirus?

Markets are a sea of red this morning. I’d already warned Private Wealth Advisory subscribers that a pullback was about to hit. Whether this is due to coronavirus, or some other item, the market was broadcasting that a pullback was … Continue reading

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