Sven Henrich via Northman Trader Who’s ready for a total freak show? Buckle in for I came across something interesting putting a couple of pieces of the market puzzle together. In The Alternative View I outlined some charts I see as critically important to watch in 2021. One of these charts is the US dollar, particularly...
Sven Henrich via Northman Trader I’ve been saying it for a while: The extremes are becoming ever more extreme, to the upside as well as to the downside. Last year I kept highlighting multiple warning signs in markets leading into the 35% crash ( example: Never go full retard) and now I feel like I’m...
Sven Henrich via Northman Trader The Federal Reserve and other central banks represent a clear and present danger to future financial stability. I’ve been saying for a while central banks are fueling an asset bubble and as global market distortions keep expanding week after week there’s no reason to back to walk away from that...
Sven Henrich via Northman Trader As promised some views and chart perspectives on the upcoming year of 2021. I’m titling this 2021: The Alternative View simply because Wall Street consensus is again entirely bullish for 2021 driven by the presumed view of a strong economic recovery to come along with continued aggressive central bank intervention....
Sven Henrich via Northman Trader If you thought fundamentals, valuations and earnings growth matter the joke is on you. In 2020 central banks have managed to do the unthinkable: Not only once again save investors from any damage in markets, but they intervened to such a degree that negative earnings growth is now the stuff...
Sven Henrich via Northman Trader I’m not a currency trader, but like it or not we are all currency traders now as the movements of the dollar and equities are tightly linked. Dollar up, markets down and vice versa. Indeed recall in early September I had spotted a technical pattern that was bullish the dollar...
Sven Henrich via Northman Trader Now that Bitcoin has hit the wall of previous highs perhaps time for another technical update. And before you @ me accusing me of being just another naysayer or bear a quick refresher: In August, when Bitcoin was trading at $11,181, I had outlined a technical case for Bitcoin to...
Sven Henrich via Northman Trader I got a mystery for you, cause who doesn’t love a good mystery. Record inflows. Week after week, record tech inflows, all year long. Almost daily we get headlines about money coming in and buying equities, passively presumably as that is where most inflows are moving into these increasingly automated...
Sven Henrich via Northman Trader As $SPX is trying for a new high here and $ES futures are retesting the highs from November 9th I thought I may chime in with a few thoughts here. Firstly, in general the bull price target outlined in October has barely been penetrated, but it may well be in...
Sven Henrich via Northman Trader I wanted to offer some thoughts on Gold on this Thanksgiving weekend as Gold has reached a key price pivot and has seen sizable selling in recent weeks as the rest of the market continues to melt into the stratosphere and speculative bubbles are spreading across asset classes. So why...
Sven Henrich via Northman Trader Four vaccine announcements. Janet Yellen to the Treasury. Donald Trump opening the path to a transition. Fed and ECB signaling more stimulus to come and yet, no new highs on $SPX and $NDX. Rather the bull target identified in October and again discussed in All In still stands having been...
Sven Henrich via Northman Trader Ah it’s that time of the year again. Everybody is piling into stocks. Valuations who cares. It’s the end of year seasonality when stocks always go up, the Fed has our back, multiple vaccines are just around the corner, Wall Street paints a rosy picture into next year (as Wall...
Sven Henrich via Northman Trader First off: Great news. As I’m sitting here in the UK with lockdown number 2 I’m very pleased to hear the news of the Pfizer vaccine. I hope it’s a winner. Yay for science, an amazing achievement. Besides I can’t wait to hit the beach. Unfortunately we all still have...
Sven Henrich via Northman Trader Time to put up or shut up for bulls and bears as we enter the final 2 months of the year and with the US election just a few days away. As traders are watching the ongoing stimulus headline drama unfolding the bull case may be rather obvious but worth...
Sven Henrich via Northman Trader As our see no risks market continues chugging along near all time highs again you may have noticed that many of the gains since the September lows are again coming via magic overnight gaps. So what you say? If the market doesn’t mind it doesn’t matter. And it’s true as...
Sven Henrich via Northman Trader Amazing times all around. Most astounding perhaps the level of complacency building in markets into the US election and into year end. Most of the market appears to have adopted a see no risk attitude. Hear of no risk, see no risk, speak of no risk. No matter who wins...
Sven Henrich via Northman Trader While this weekend’s headlines are dominated by who got exposed to and infected by Coronavirus from the President on down I want to make sure other key news items are not lost in the shuffle, specifically those that expose a system that has self corrupted itself and is desperately trying...
Sven Henrich via Northman Trader Markets have run into trouble in September and 3 major problems have emerged and unless these problems are solved markets may have to contend with the distinct possibility of having topped for now. Now to the extent these problems get solved favorably major rally opportunities can also avail themselves in...
Sven Henrich via Northman Trader As long time readers know I’m a big fan of $VIX technical structures and compression patterns. Often dismissed as non chartable I think we’ve successfully to put that argument to bed a long time ago. Recently in “Key Charts” I again outlined the $VIX as one of the key charts...
Sven Henrich via Northman Trader We all know it yet the unspoken truth deserves to be said out aloud. You all heard the phrases ‘Don’t fight the Fed’, and ‘ there is no alternative’. Can we be clear what these phrases really mean? They mean people are buying assets at prices they otherwise wouldn’t because...