Equities continue to get pounded as the secular bear market seems to be reasserting itself in a violent manner. Stocks have violated the S&P 1040 level that has been providing support for snapback rallies and I think we could see another 10% off the indices before stocks find a new short term tradeable bottom. There [...]

We have a nice little rally underway and I’m curious how much higher stocks might go. I find it helpful to look at some key indicators that can assist in judging the strength of the uptrend. Both the BTK and RUT have been moving straight up over the past week. I think this bodes well [...]

I personally still think that equities have found a little short term bottom here and I’m looking to go short at the top of this little relief rally, which could last a while longer. It seems like a lot of traders are already getting short and that could provide some more fuel for an upside [...]

Fairly low key downside action today. I think it’s worth picking up some QQQQ calls for the chance at a relief rally. Perhaps equities are finally finding the footing needed for a run to SPX 1150…..

U.S. equities got smoked today with the RUT off 5%! The question is how far markets will fall in the near term? The little bounce off of  SPX 1040ish didn’t have any legs at all and that leads me to believe we are headed down fairly hard and fast. It’s anyone’s guess as to where [...]