The Chop Continues
Hello friends, Another boring week of sideways or creeping action on the indices lies behind
May 15, 2023
Hi friends,Navigating global markets in the last few weeks has been an interesting affair, to say the least. After the April tariff crash, popular large-cap indices across the globe have recovered back to or near old price Highs made back Feb/March, staging a mind-bending power rally rivaling 2023 Nov/Dec and
Hello friends,A lot has happened since my last market profile, and just like that one, this new one will be brief. Markets have first slid and then gapped-down in a moment where a need for de-risking met a market not at all priced for downside risk, followed by a violent and staggering
Hello friends,A few weeks have passed since my last report, but not terribly much has happened. Since about mid-March, a short-term bottom has manifested and US indices have been rallying, though feebly and without conviction. Take a peak at the volume profile of some of the popular averages (SPX, Nasdaq Comp),
Hello friends, Let's start this report with the usual high-altitude overview. US equities have, as a group, been stuck in a choppy sideways trading area. Here, as also seen in the recent past, indices driven by the glamour mega-cap blue-chips have outperformed and even slightly nicked New Highs a few
Hello friends, Another boring week of sideways or creeping action on the indices lies behind
Hello friends, We’re now almost past earnings season, and all of the impactful and liquid
Hello friends, This last week was dominated by the spring of the market finally uncoiling
Hello friends, Economic and political news at the moment tend to read like a satirical
Hello friends, The market remains a chop fest in which proper risk management for individual
Hello friends, Although central banks have been raising rates since over a year in a
Hello friends, Last week can be largely summarized as a drift without conviction. Most days
Hello friends, Another week has passed in the market, with volatility and chip-chop reigning supreme
Hello friends, A volatile week has passed, where speculators eagerly jumped on board of a
Dear friends, The downtrend appears to be continuing for the moment. The intermediate-term trend has