Power Sector Review 5/17/2022

Power Sector Review May 17, 2022 Chart Highlights Some pressure coming off the markets as we head into Opex on Friday. Don’t know yet if it will amount to much, but for now we follow progress and see if it can build on itself.  Not a tome of movement in the Sector rankings. Communication Services […]

Weekly Macro Review 5/16/2022

Weekly Macro Review May 16, 2022 Triple Play Review We have potential, but follow through is a must this week after the hammers closed on Friday. All three were negative on the week, but those candles put everyone on notice. That is all it is for now, notice. heads up, alert; however you put it. […]

Mid-Week Macro Review 5/12/2022

Mid-Week Macro May 12, 2022 I started writing this in the middle of the afternoon on Wednesday and decided it was worth waiting for the close and data that would come with it. It was a good thing because the markets closed on the opposite end of the daily range from where I started. Of […]

Weekly Macro Review 5/9/2022

Weekly Macro Review May 9, 2022 Triple Play Review The weekly charts went home with indecision and relatively small bodied candles considering the volatility the markets saw. The downtrend is continuing and the tails show sellers thwarted the attempt to get back into the previous ranges. The expected relief after the FED event was over […]

Mid-Week Macro 5/4/2022

Mid-Week Macro May 4, 2022 FED again… I long for the days that the FED lived in relative obscurity ( I know, it’s been a while), but unfortunately right now they are taking more after Dr Fauci, seeking the spotlight whenever they can to work their agenda.  It may be the right course (or not), […]

Weekly Macro Review 5/1/22

Weekly Macro Review May 1, 2022 Triple Play Review Big red monthly candles are enough to negate the tails that February and March built on $QQQ and $IWM. RSIs are all still in strong bull ranges with $QQQ just now losing the 50 level.  Such a long time frame takes forever to fill out, so […]

Mid-Week Macro Review 4/28/22

Mid-Week Macro April 28, 2022 Retest it is… Markets tend to move faster when they are angry, it is just how it works? After losing the flags (which also played right shoulders on TV) a retest is now upon us in less than a week. Sentiment has taken another dive with the markets and both […]

Weekly Macro Review 4/23/2022

Weekly Macro Review April 23, 2022 Triple Play Review As usual, the markets make the decisions not us.  I had to open my mouth mid-week about opportunities only to have them quickly shoved down my throat metaphorically.  We did discuss being in somewhat of a no-mans land, but many were leaning much more bearish before […]

Mid-Week Macro Review 4/20/22

Mid-Week Macro April 20, 2022 Right Shoulder or Retest As I mentioned yesterday morning on Benzinga PreMarket Prep, we are really in a waiting game, where the volume is turned up to 11.  Markets are hard to love here, but they aren’t really breaking down overall, but instead raiding certain sectors and subsectors.  Those just […]

Weekly Macro Review 4/17/2022

Weekly Macro Review April 17, 2022 Now that April OpEx is done with we can concentrate on earnings, inflation and they FED, or just focus on the charts.  The backdrop isn’t great which is coinciding with more distribution showing the sentiment is agreeing at the moment. However, that distribution was not able to push the […]