I’ve traded for 38 years. I’ve never seen a market this bulletproof. Consumer confidence just hit four-month lows. Housing data shows sellers pulling listings at the fastest pace in months. Manufacturing contracted for the ninth consecutive month. None of it matters. The market rallies anyway. This isn’t bullish strength. This is systematic manipulation designed to
I watched them rush to buy Monday’s weakness. Every small pullback getting scooped up within minutes. The same reflex that’s worked for months. The pattern recognition firing perfectly. They’re not getting their money back. Last week’s algorithmic channel broke. The one-sided machine buying that defended every dip disappeared. You’re now in a two-sided market where
The S&P opened up 13 points this morning. Every dip got bought instantly. Zero downticks. I looked at my short positions and closed my screens. If you worked for my prop fund and tried shorting today, I’d fire you on the spot. This isn’t hyperbole. This is protecting capital when the game changes completely. The
The S&P opened up 30 points this morning and kept on going. Nothing stopped it. Not overbought conditions…elevated valuations…consumer confidence hitting four-month lows. The market just kept climbing. This is what I call being in a New York Groove, a nod to Ace Frehley of KISS. Algorithms have locked into a pattern where every dip
Abercrombie sat at $70 for three weeks straight. What a waste. The stock traded at less than 7x earnings. Earnings growth is accelerating. They’re literally printing money. And nobody wanted it…until earnings hit yesterday. The stock exploded 18% to $78, and, as I write this, cresting $87. Everyone’s chasing it. This pattern reveals everything wrong
Apple just made another perfect flag pattern. The stock ripped 25 points. Then went sideways for three weeks… …Then ripped another 25 points. Then sideways again. Every technical analyst sees this and thinks momentum is dying. They assume buyers are exhausted and start looking for the top. They’re completely wrong about what’s happening. This isn’t
The cold hit Chicago hard this week. Thirty-five degrees Monday morning…Twenty-nine Wednesday night. I walked out the door Monday in a turtleneck because I had to lecture downtown at Loyola. The wind chill made it feel like thirty. No snow yet, but the kind of cold that reminds you winter is coming whether you’re ready
General Electric Aerospace sat at $190 for three weeks straight. The same pattern happened over and over… higher highs…pullback…rinse and repeat… …Then suddenly nothing. The stock just parked itself in a tight range between $185 and $195. Every attempt to push higher got rejected immediately. Most traders looked at that consolidation and saw indecision. They
The S&P opened up 120 points this morning. Nvidia crushed earnings. The delayed September jobs report came in at 119,000. Every technical indicator screamed bullish. The advance-decline ratio hit 21 to 4. I watched my account go vertical as shorts covered and call buyers rushed in. Then I checked the money flow indicator. Institutional money
The ES needs to hold $6575. That’s what I told Gianni Di Poce. Otherwise, we’re heading to $6300. I track the Genesis COG across three timeframes: Weekly, daily, and intraday. For seven months, all three pointed up. Algorithms defended every dip. Systematic buying rescued every selloff. That ended yesterday. All three timeframes broke below their
