Monday Morning Market News, Charts, and More
The Week Ahead – May, 21st 2017
The VIX
The VIX was sporting that classic head and shoulder pattern. Let's face it, head and shoulder patterns on the $SPY haven't worked out so well over the last 8 years, but the VIX? Any bearish formation usually resolves as planned for the VIX. As such yesterdays recovery... would it follow through today? I posted this chart in the chat room:
Keep Reading
May 19th, 2017 Watch List
Friday Focus: One and Done
The stock market's continuous climb to record highs has not come without moves to the downside. Wednesday's 1.5%+ slide is just another big red candle among a host of thousands of candles when placed side by side represent a historic bull market after the financial crisis bottom in 2009. Downside happens.
Keep Reading