Monday Morning Market Thoughts

Last week's market action was weak, as displayed by bearish engulfing candlesticks on the weekly charts of major U.S. indices.    The Russell 2000 is despite choppy action very close to again making lower lows since the beginning of May and the SPX and NDX look very much the same.   This morning I am […]

Early Thursday Morning Market Thoughts

It goes without saying, yesterday's market action was ugly.  The clearest signal of further risk aversion in my mind came with the fake breakout higher on Tuesday, the last day of May.  In hindsight it is now clear month-end games were in high gear last week, and until Tuesday of this week.  The blatant disrespect […]