Week’s Event $SPX

June 22, 2016 9:48 am / Published in FED, Oil, SPX
Three Risk Events There are three risk events ahead. Brexit vote on June 23rd, this is the big one. Russell re-balancing on June 24th. Spanish elections on June 26th.                           Calm Before The Storm Markets are calm ahead of the storm.  The odds

Fundamental View $SPX $Brexit

June 14, 2016 9:38 am / Published in Brexit, SPX
Euphoria To Gloom Markets have gone from euphoria to gloom in three days.  Nothing fundamental has changed, it is just a swing in the sentiment. All those pure technical investors and the momo crowd that was buying last week are now panicking and selling at lower prices than they bought last week. German Bund Money is

$SPX and $VIX

June 14, 2016 9:09 am / Published in SPX, VIX, VXX
The SP500 had 3 days of down pressure with a slope of -42º. The overnight low of 2068 which is 30 points away from the last move up. Hold the hedges on VXX   This is going to be a very busy week in terms of economic news. We have a lot of big reports

$Asia and $Europe Down — $VXX up

June 10, 2016 9:32 am / Published in Bonds, Germany, SPX, VXX
Some smart investors in Tokyo again injected a small dose of sanity into the absurd euphoria across all markets all over the globe.   Record Low Yields 10-year German bund yield touched 0.42%, a record low. Japan’s 10-year yield fell to 0.155%, a record low. In the U. S., 10-year Treasury yield has fallen to

Non-Farm Private $Payrolls

June 3, 2016 2:16 pm / Published in SPX
Unexpected June Shocker Non-Farm Private Payrolls came at 25K vs. 160K consensus.  To make matters worse, April  numbers are significantly revised downwards. Digging below the surface, there are major divergences from ADP numbers.  There appears to be major new weakness across the board. Normally when the headline number is so far off the consensus, under

$SPX above weekly trendline

May 24, 2016 2:22 pm / Published in SPX
Bears moved away. SPX its holding above the weekly bear trend line and there is a higher likelihood to accept current levels. SPX could trade  higher. Today’s price action:   Weekly Chart: Target 2116