Hedge_Of_The_World

Hedge_Of_The_World Updated 

Happy Friday, my friends! Let's get right into it today. So stocks and bonds alike are experiencing some weakness this morning, after November payrolls came in (much) weaker than expected. After a strong September and October with 711k, and 610k jobs added respectively, Novembers print was a massive disappointment (and miss), with just 245k jobs added vs...

Hedge_Of_The_World Updated 

I read recently that over 80% of all the S&P500's assets are now intangible. It's remarkable the impact that sentiment can have on valuations. I don't think anyone can imagine a scenario where stocks crash 84%. But, if history has taught us anything, it's that sentiment, alone, can accomplish this seemingly impossible feat. The perpetual sense of "hope," delivered...

Hedge_Of_The_World Updated 

After a day of trading, the bear sips his whiskey, then decides he's just way too stressed to get friskey. He watches his charts over and over again, and then he shakes his head, before he brushes his teeth and get's ready for bed. His paws are sweaty, and his thoughts are heavy, he knows he's probably gonna dream of that chevy, that he can't afford, because his...

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In March we were trading below $2 guys. What did I miss?

Hedge_Of_The_World

Where do rates go from here guys?

Hedge_Of_The_World Updated 

Hey guys! Let's get right into it today. So yesterday the bulls successfully broke through 9 year resistance (well done to the bulls), and as we kick-off the final month of trade in what has turned out to be a year for the history books, the bulls will be looking to take full advantage of the (obvious) death of price discovery, and the bear (RIP). The current...

Hedge_Of_The_World Updated 

In a seemingly massive win for the Biden Campaign, Emily Murphy at the GSA (General Services Administration), confirmed that the Trump Administration is ready to move forward with the peaceful transition of power process, in the accordance with the law. I don't know whether or not this is a move to escape the legal nightmare Trump is living each day, or whether he...

Hedge_Of_The_World Updated 

Hey guys, I hope everyone had an awesome weekend. Let's get right into today's analysis: US Futures managed to stage a notable rebound on Sunday night, after an ugly close on Friday when the bulls lost key weekly, and monthly supports. We were up about half a percent into the US cash open, but have since erased most of the overnight gains. Circling the MSM today...

Hedge_Of_The_World Updated 

In a move that's shocking both Wall Street and Main Street, Treasury secretary Steve Mnuchin has officially put the FED on notice in a bid to end the FED's Emergency Lending Programs by year end. Headlines from popular economists are circling the MSM, and some are saying this is the equivalent of removing the lifeboats from the Titanic. First of all, that's...

Hedge_Of_The_World Updated 

Hey guys, so for the moment the bears continue to dictate price action after yesterday's minor sell-off, as overnight losses in futures extended into the US cash open. After recapturing 2 key trendlines from the bulls yesterday (ascending channel, and megaphone), the bears are taking full advantage of the downward momentum, and we're now racing toward the top of...

Hedge_Of_The_World Updated 

US Futures traded marginally higher this morning, off the back of more media narratives of a "95% effective COVID-19 Vaccine". Prior to this most recent, and in all honesty, comedic narrative, it was "stimulus optimism" that drove (global) markets higher. But, I guess investors are not worried about that anymore. What happened to China Trade Deal optimism? I guess...

Hedge_Of_The_World Updated 

Hey guys, so I took a few days off because my wife and I moved. I hope everyone had a great weekend, and an even better thanksgiving! Let's get right into today's analysis. Global markets are mixed this morning, with US Futures trading slightly off yesterday's high's. Although we're seeing heightened optimism off the back of successful vaccine trial results from...

Hedge_Of_The_World

Hey guys! So, let's get right into it with today's analysis. US Futures are trading slightly off the week's highs, as Asian and European markets slipped around 1-2 percent overnight. Jobless claims came in better than expected with 709k new claims and approx. 6.8MM continuing claims, while pandemic emergency claims continue to spike. Consumer price growth slowed...

Hedge_Of_The_World Updated 

Dear Mr. Market, 1. I hate the way you always seem to rise, even when you're supposed to fall. 2. I hate the way you make me scratch my head, when price action makes no sense at all. 3. I hate the way you brand me a contrarian, even though we all know the real economy is dead. 4. I hate the fact that you only seem to move, off of sentiment from the FED. 5. I hate...

Hedge_Of_The_World Updated 

The global market rally/gap fiesta that played out over the past week or so, came to an abrupt end yesterday as we approached the close. SPY almost filled the massive overnight gap, and ended the day back below the long-term (multi-year) resistance line around 355, after achieving new all-time high's. Looking at the monthly SPY chart after yesterday's rejection,...

Hedge_Of_The_World Updated 

Another day, another short squeeze. Stocks are surging to new all-time highs this morning, off the back of positive vaccine results from Pfizer's latest trial. "Dr. Jansen said the outside board did not say how many of those cases came from participants who had been vaccinated. But with a rate of more than 90% effectiveness, most had to have been in the placebo...

Hedge_Of_The_World Updated 

Hey guys, Happy Friday! No gap up today (for a change), and we appear to be forming an island reversal pattern at the top of the triangle (350). We're seeing some weakness today off the back of a possible Biden victory, but most of the overnight losses were reversed after a stronger than expected payrolls print. Some of you might be wondering why Vix is down...

Hedge_Of_The_World Updated 

Another massive gap up overnight without a material change in the outlook. Fourth short squeeze in a row of near identical magnitude. A relief rally was always possible after the recent correction. But, this one was much larger and more vicious than I had anticipated. We're up over 7% in 4 days. That used to be a decent annual return. But, price action is driving...