Category Archives: Head Fake

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

Posted in Head Fake | Comments Off on Warning: the Bear Market Bounce Might Be Ending

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

Posted in Head Fake | Comments Off on Don’t Be Fooled, These Kinds of Moves Only Happen During BEAR Markets

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

Posted on by The Phoenix | Comments Off on Stocks Were Due For a Pullback… Here’s How to Use It

Who’s Right, Fed Ex or the Broader Market?

As I keep stating, a top is forming. Stocks are tired after weeks of promises and promotions by Fed officials and the Trump administration that something BIG is coming. At this point there is little if any real buyers. It’s … Continue reading

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Two Charts Every “Profit Focused” Investor Needs to See Right Now

You would do well to ignore the rally from yesterday. This is a holiday week. Trading volume is EXTREMELY light with most of Wall Street already on vacation. Those traders still at their desks are playing games with the futures … Continue reading

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Yesterday Was a Major Wake Up Call to the Bulls

Yesterday’s market action was a MAJOR wake up call. Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal… However, the rally barely lasted, giving up most of its gains by mid-day. It … Continue reading

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Was the Entire Rally From the December Lows Just One Giant Backtest?

Yesterday’s market action was a MAJOR wake up call. Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal… However, the rally barely lasted, giving up most of its gains by mid-day. It … Continue reading

Posted in Head Fake | Comments Off on Was the Entire Rally From the December Lows Just One Giant Backtest?

Stocks Can’t Even Rally on a Trade War “Cease Fire”

Yesterday’s market action was a MAJOR wake up call. Stocks erupted 1.5% higher on announcements that the US/ China reached some form of a trade deal… However, the rally barely lasted, giving up most of its gains by mid-day. It … Continue reading

Posted in Head Fake | Comments Off on Stocks Can’t Even Rally on a Trade War “Cease Fire”

Fake News Gave Us This Rally, and REALITY Will Crash the Markets

Stocks are rallying hard this morning based on the fact CNBC misquoted the Treasury Secretary. Let that sink in for a moment. Treasury Secretary Steve Mnuchin said, “we were about 90% of the way” done on the China deal… in … Continue reading

Posted in Head Fake, Phony "China Deal" | Comments Off on Fake News Gave Us This Rally, and REALITY Will Crash the Markets