Market skitzy. Don’t trust it.

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 As if you would ever trust it.  Only if you were in a fugue state.  Or drugged.  The market has basically been in a muddle for ---simple count…

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Exclamation point!

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 The last volume bar here is ominous.  Volume spikes like this sometimes mark the beginning of a wave, and sometimes the end of a wave.  And sometimes a…

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HEY! Yelling at Yellen…

Janet.  Please shut up. Never thought we'd miss Greenspan.  But a little more ambiguity wouldn't be a bad idea.  Nevertheless the market recovered from its hissy fit over Yellen's unguarded…

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Yin and Yang…sturm und drang…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 While the trendline at 5 is broken its consequence is minimal -- a 25 day upwave just notable for making a new high and drawing the attention of…

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Poulet deja vous…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p83750808625&a=214966864 Mr Chicken we've seen you before.  In fact every time we make a new high the chicken fanciers hammer the market.  We can understand this -- what with…

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