Buyers Follow Through On Latest Bullish Signals Despite Targeted Carnage – Above the 40 (March 26, 2021)

Stock Market Commentary Many stocks rebounded sharply from intraday lows on Thursday. The flurry left behind key bullish signals. Buyers did not disappoint on Friday. They delivered strong follow through on the latest bullish signals even as sections of the market suffered targeted carnage. Indeed, the ability to ignore the targeted carnage was itself another … Read more

A New Low in Volatility Brought Fresh Promise to Overbought Stock Market – Above the 40 (February 12, 2021)

Stock Market Commentary After sweeping away bearish signals, the stock market moved right into overbought territory last week. The week started with a small gap up to all-time highs, and the stock market never looked back. More importantly, the volatility index (VIX) hit a new low since the stock market broke down almost a year … Read more

Forex Critical: South African Rand Breaks Its U.S. Dollar Flag

With a Partial Phase One Trade Deal apparently at hand between the U.S. and China, emerging markets look more interesting than ever. I am scouring the charts for entry points in related currency pairs. The South African rand looks particularly interesting. Against the U.S. dollar, the rand (USD/ZAR) created a double top from September, 2018 … Read more