Trends

Only one bubble per generation?

By Jeff Greenblatt | January 2, 2018

U.S. markets started where they left off for 2017. Initially, it didn’t look like this would happen. For the week between Christmas and New Year’s, the action was very questionable and by Friday they started selling.

Bears may get seasonal pullback before Santa rally

By Jeff Greenblatt | November 27, 2017

The rubber finally meets the road, the Senate could vote on tax reform as early as Thursday. For a moment, lets assume it passes, then the House and Senate would have to hammer out a compromise. As we watch this drama play out, it is likely the best argument for term limits as it has become painfully obvious they support special interests as opposed to the business of the people.

Irma was bad but not as bad as it could’ve been

By Jeff Greeblatt | September 11, 2017

Markets dodged another bullet as Irma was bad but not as bad as it could’ve been. That’s not to make light of the situation, it was a category 6 just the other day. But before any of you get excited Jesse Colombo @thebubblebubble tweeted a report from calculatedriskblog.com that Harvey could result in 300,000 new mortgage delinquencies.

Dollar mixed after jobs miss ahead of BoC and ECB

By Alfonso Esparza | September 2, 2017

The U.S. dollar is mixed against majors after staging a comeback late in the week. The USD regained some ground even though the biggest indicator in the market the U.S. non farm payrolls (NFP) report disappointed by adding less than the expected number of jobs (156,000 versus 180,000) but the data point that had more significance was the low pace of growth of wages at 0.1%. A third rate hike for U.S. interest rates could be pushed back to next year if inflation does not pick up convincing the Federal Reserve.

Dollar Awaiting Week of US Employment Reports

By Alfonso Esparza | August 28, 2017

The U.S. dollar is lower against most majors as the central bank summit in Jackson Hole kicked off. The Euro has regained January 2015 levels on Friday. Fed Chair Janet Yellen, in what could be her last appearance at the Wyoming gathering as chief of the U.S. central bank, focused on financial regulation with limited comments on monetary policy.

North Korea: The crowd is deeply concerned

By Jeff Greenblatt | August 15, 2017

Last week I told you risk for the markets was off the charts. Last week Google is down 1.5%, FB down marginally, Amazon down 2%, AAPL up marginally and NFLX down 5%. Biotech is down 2.9% as is housing. These are not big numbers, but when you look at some of these charts we are starting to see technical damage for the first time in a long time.

How many times can the market successfully go to this well?

By Jeff Greenblatt | August 7, 2017

It was a fine intraday shorting opportunity on the YM. Like most days those of us keeping our nose to the grindstone work to eke out some points. Check this out, it doesn’t get much nicer than this. The pivot in question is 233 min (Fibonacci) high to high to 21987 and the 987 is the vibration (Fibonacci).

Dow theory confirmation?

By Jeff Greenblatt | July 31, 2017

Right now, the FANG stocks are getting hit. The question is whether there will be follow through. But other sink holes in the market are developing. The Transports got smashed on Thursday and it was only three weeks ago they gave the Dow a Dow theory confirmation when both went to new highs. On Thursday and again Friday the Dow itself hit new all-time highs. You see the trannies going the other way so this is becoming the classic non-confirmation.

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