Monthly Archives: October 2019

Salute, Mad Dog!

Retired four-star Admiral William McRaven: "Our Republic is under attack from the President." Meanwhile, Mattis is cracking jokes. https://t.co/QbLNV5Xg5p — Polly Sigh (@dcpoll) October 18, 2019

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S&P500 Traces Out A Spinning Top Daily Candlestick

The Difference Between a Spinning Top and a Doji Spinning tops and dojis both represent indecision. Dojis are smaller, with small real bodies and small upper and lower shadows. The Spinning top has long upper and lower shadows. Both patterns occur frequently … Continue reading

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Not Your Father’s First 1,000 Days

 

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Beware Of The S&P’s Doji City

In our Saturday post,  Heads Up! Friday’s Rare S&P Shooting Star Candlestick,  we pointed out the S&P500 had formed a rate shooting star Doji candlestick on Friday with price action that had been observed only once since 2010, last Halloween day. Run don’t … Continue reading

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Most Overvalued Equity Markets – IMF

October Datafest October is always a month of feasting for us macro data junkies as the IMF releases several of their annual reports and databases, such as the World Economic Outlook (WEO) and the Global Financial Stability Report (GFSR).   We … Continue reading

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Watch This [WeWork] Space

15 Oct – 08:14:04 PM [RTRS] (9984.T) – WITHOUT ADDITIONAL FUNDING, WEWORK IS POISED TO RUN OUT OF CASH BY MID-NOVEMBER – CNBC — Alastair Williamson (@StockBoardAsset) October 16, 2019 A very smart friend of mine thinks WeWork could be … Continue reading

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Brexit Market Rockin’

The PredictIt market on a Brexit by November 1st is up over 50 percent in the past 24 hours. The Rules Prior to 12:00:01 a.m. November 1, 2019 London time, the United Kingdom shall exit the European Union. – PredictIt … Continue reading

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How Far Can The Stock Market Run?

Updated:  October 15 Very little to the upside.  Very much to the downside. Macro Valuation Metrics Lots of incoming over our S&P Shooting Star post, most of which can mostly be summed up to the effect, “Why so bearish?” Seriously?  … Continue reading

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Brexit Market Plummets – “The Clock Is Ticking”

After negotiations in Brussels failed to produce a  breakthrough, the odds at PredictIt of an official Brexit by November 1 tanked into the teens on big volume.  The market was only pricing around a 30 percent probability of a deal … Continue reading

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Heads Up! Friday’s Rare S&P Shooting Star Candlestick

We’ve been ignoring the daily noise of the stock market given the futility of trying trade against the blatant market manipulation but especially, after the S&P met our target of 3025, which we posted on April 1st, If you have … Continue reading

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