With John Hampson

Friday Charts

1. Biotech followed through on Friday’s high volume down day with a second one yesterday: Source: Stockcharts 2. Greed and Fear Index has rallied up to extreme greed territory: Source: … Continue reading

March 7, 2014 · 30 Comments

Thursday Charts

Small range day for equities yesterday, on low volume, consolidating the previous day’s advance. Gold has paused at its first meaningful resistance level of 1350. Treasury yields decline also currently … Continue reading

March 6, 2014 · 20 Comments

Post Pop

A surprising day yesterday. Russell 2000 up 2.75%, and all US indices popped strongly. Clearly nothing to do with Ukraine. If we look beyond price, not much has changed. There … Continue reading

March 5, 2014 · 42 Comments

Indicator Updates

Yesterday we saw a gap down in European and US stock markets on fears over Ukraine. Stocks then continued to sell off during market hours, but US stocks managed to … Continue reading

March 4, 2014 · 40 Comments

Biotech And Russell 2000

Just as the defining sector of the 2000 solar maximum speculative mania was Internet, a case can be made for both Small Caps and Biotech as defining manias at the … Continue reading

March 2, 2014 · 50 Comments

Higher Close Implications

Yesterday the SP500 finally closed above 1850 with a rally in the last 15 minutes of the US session, and in so doing carved out a marginally higher high than … Continue reading

February 28, 2014 · 56 Comments

Indicator Updates

1. Dow daily candles and Monday’s volume print at high reversal: 2. Nasdaq 100 and breadth divergence: 3. SP500 and defensives outperforming cyclicals: 4. Russell 2000 (my largest short) P/E: … Continue reading

February 26, 2014 · 55 Comments

Dow 1929 vs Nikkei 1989 vs Nasdaq 2000 vs Today

Yesterday saw a failed breakout on the SP500 on high volume which suggests exhaustion. The Skew print came in still historically high and the put/call print historically low again, which … Continue reading

February 25, 2014 · 55 Comments

Sunday Charts

1. Bearish candles on US stock indices on Friday with volume continuing to be greater on down days versus up days: Source: Stockcharts 2. Put/call ratio finished at extreme low … Continue reading

February 23, 2014 · 44 Comments

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