Monday, February 5, 2018

Volatility Is Back!

We haven't seen this much action in quite some time.

Below a snapshot from the 5-minute and the daily chart for the major indices, about half an hour before the close. This was close to the bottom. Or rather, the top... For VIX, that is! Volatility is back, my hunch is we haven't seen the end of this just yet.




Today in Crypto-world

Crypto Crash: is this the bottom?
Anyway, ouch!


Friday, February 2, 2018

What's Your Timeframe?

I was looking at the daily S&P chart, didn't look good to me...



Then I looked at the weekly chart. That's a bit better...



Then I looked at the monthly chart. What dip?



Ask yourself, what's my timeframe? And then act accordingly.

Tuesday, January 30, 2018

No Need to Panic

Not yet anyway 😃

Major indices were down 0.7 to 1.4%, not that spectacular but we haven't seen this for a while. Is it a dip or rather the start of a correction? (checking crystal ball...) Nobody knows, but no need to panic yet.
A correction would be healthy, we're +4% in the S&P since the start of this year. And since the last bigger dip (election day 2016), we gained +25%. That's a helluva ride! Time for some rest, or are we going to get new highs next week?



Tuesday, January 16, 2018

Bit- and Other Coins

2017 will financially speaking probably go into the history books as the year of bitcoin.
Today the cryptocurrency and all other 'coins' are crashing. Starts to look more like a longer term top here, but you never know with these so volatile products...

Friday, June 9, 2017

Techs Slaughtered

Nasdaq got hammered, dragging S&P down little. Small caps and Dow Jones ended green.
(snapshot taken about one hour before the close)


Friday, May 19, 2017

More Divergence

Compared to the top in the beginning of March, not looking any better here:

Thursday, March 2, 2017

Worrying Times?


Some divergence in the percentage of stocks above their 200MA and 50MA. And that with indices making new all time highs. I wouldn't start buying here. But maybe 'buying the dip' is still an option and one only needs to be patient here.

Wednesday, August 24, 2016

Market Feeling Heavy

Metals, healthcare and oil got a good beating today. Major indices were all moving lower, but the longer term view is still bullish. We are staying at overbought levels, but no real movement in the last 2-3 weeks for indices.

Apparently everybody is waiting for Yellen's speech at Jackson Hole this Friday. I'm expecting lots of volatility that day, but wouldn't put any money on the direction the market will choose.