Here's my thinking on the Nasdaq, bonds, energy, commodities and crypto right now.
Sure, the jobs number lined up with expectations and the market didn't really budge on the big number. But let's take a close look at these figures and see why it's getting a little too hot in here.
Be ready. An ugly liquidation stage to key S&P 500 levels will put the stock market well in front of the Fed, leading to a buying opportunity.
Markets will either confirm or deny Monday's bullish reversal this week. Traders are already up to their eyeballs in water snakes and alligators.
Enough with the verbal threats and jawboning; action is needed or there will be bigger problems to deal with down the road.
It seems all the talk of capitulation hasn't been backed by positioning and the market is ripe for a further pullback.
Let's take a look at my Oscillator, two other indicators and the TLT to see where the market is in terms of oversold readings.
I found two very interesting takeaways from Monday's sharp market reversal.
I am much more interested in buying strength than in buying weakness.
The most important issue right now is that bonds find some support.