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
Peter Thiel dumped his entire NVIDIA position last weekend. All of it. His macro fund liquidated 537,742 shares worth over $100 million during the third quarter. The 13-F filing hit the wires this past weekend. Ten days earlier, SoftBank bailed on $8.5 billion in NVIDIA holdings. Two massive exits in two weeks from billionaire investors
I started grading exams at three in the morning Tuesday. Forty-nine students. Corporate finance midterms. Questions about capital budgeting. Breakeven analysis. Degree of operating leverage. Most of them got it right. The math, anyway. The formulas. The technical mechanics of how businesses calculate risk and return. But sitting there at my desk before sunrise, I
You’ll get one day to exit when this breaks. One massive down day where everyone tries to sell at once. No bounce after…No recovery…No second chance. Just a straight drop through every support level while you watch your positions bleed out with no bid. That’s not fear mongering. That’s mechanical market behavior that plays out
