Risk markets were rocked this morning as Trump rolled a hand grenade into the China trade negotiations. The timing couldn't have been worse as traders pressed VIX shorts and equity longs pushed new ATH's. Traders are not positioned for an escalation in the tariff wars. This is the first test for equity market bulls. Last […]

The global risk-on environment continued with the SPX and DJIA on the cusp of following the Nasdaq to new ATH's (minimum expectations given the 2018 corrective decline). The Russell 2000 is at an important juncture with a strong close over 1600 potentially triggering a chase higher. The US Bonds impulsed higher after completing a corrective […]

The risk-on rally continued last week with global equity indices pushing higher. The US dollar remains well bid as it approaches key resistance while US bonds are at a key inflection point. The SPX / ES continues to impulse higher as it approaches new ATH's. The bull trend remains in tact until we see a […]

Last week, we highlighted opportunities in the Bond, Gold and Yen markets and all appear to be playing out well. Global equities continue to trend higher towards new ATH's. Volatility and volume across ALL asset classes are near historical lows - complacency is extreme. The SPX / ES continues to impulse higher in what is […]

Last week, equity market bulls held the opening gap and pushed to new cycle highs extending the series of higher highs and higher lows since the December 2018 lows. The bull trend continues to extend globally. The most important market event last week was the impulsive decline in US bond markets from their non-confirmation highs. […]