Big Picture: Where are the daytime sellers? This week we saw some downside movement in the S&P 500, an uptick in implied volatility, and the Russell 2000 was hit hard to close down almost 4% on the week. All that being said, it’s interesting that a good portion of the selling took place overnight. The […]
Big Picture: Happy 4th of July everyone. This was a short week with the holiday, but the indecision I mentioned last week was resolved and the S&P traded to new all time highs (again). The SPX closed the week at 1985, putting it a short distance away from the 2,000 level. I would not be […]
Big Picture: It looks like there’s a little indecision in the markets. Both SPY and GLD ended the week essentially unchanged, but SPY seemed weak. There were a couple of significant intraday sell-off’s in the S&P that make me wonder if there wasn’t some institutional selling taking place. It’s too early to know if the […]
Big Picture: Stocks were able to grind a bit higher this week and Bonds basically sat around unchanged. However, Thursday was a big day for Gold, which was up over 3% and took me out of my small short position. That being said, the longer term trend of Gold is still lower. I do think […]
Big Picture: We saw a little bit of a pullback in stocks this week and to me that suggests that stocks are going to take some time to digest their recent gains. That being said, the trend in $SPY is still very clearly bullish. Bonds pulled back early in the week and that was enough […]
Big Picture: Oh yeah, I’m back. After finishing up a fairly hectic tax season, I’m back to writing the blog. Since I last posted, there have been a few Donchian channel trades closed and a few new ones opened. Right now I don’t have very many positions open, but you can see a list of […]