We are approaching a critical juncture in the markets that could set the tone for price action in the coming months.
We've never unwound a close to $9T central bank balance sheet before, let alone do so as the entire economy skates on the thinnest ice seen in these parts for quite some time.
What matters more than trading volume right now is the 21-day exponential moving average.
Though not technically in a bear market, is difficult to imagine that the S&P 500 can withstand the biggest economic shift in many years.
I bought the FB dip last night, but then sold the shares, not willing to stay long overnight in case there was more news.
This may be a short week, but you know what they say...
Despite the treacherous nature of the market, most people have an opinion to express on the direction of gas prices.
There was the 'momentum play' on Monday and not much else as portfolio managers resisted temptation to increase risk exposure.
Markets now have a new reversal to think about, but I think I have to be convinced before I can believe.
This bear market has been unusual because it has proceeded on a rolling basis.