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| Jul 26, 2018
| 11:09 AM EDT
At least they continue to prove my thesis correct, that this group jumps around like a bunch of day traders! T...
I had thought we might make it to August before volatility picked up again, but these statistics tell me it might not wait until August.
How often do you see the Russell 2000 lose more than 1% and breadth is absolutely flat as a pancake?
Latest surge in 10-year rates may have farther to run before hitting resistance.
When you consider that Friday, July 13 saw the S&P 500 close the week at 2,801 and Friday, July 20 saw the exact same close, I think we can all agree that is the definition of chop.
Eventually we will work off the overbought and get back to an oversold condition.
The bottom line is that for weeks we've seen little or no embracing of the rally and on Wednesday that changed.
We're overbought but the indexes haven't gone down.
I think the best we can do is chop or have some downside this week.
| Jul 16, 2018
| 10:52 AM EDT
I wrote about the Transports last week and how they keep teetering on the edge. Today's decline of nearly 200 ...

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