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$VIX Crush

Sven Henrich via Northman Trader Oh look, the $VIX is getting crushed again. Given all that is going on globally one may be inclined to express surprise, but it really isn’t a surprise. See there’s this monthly program running through markets and it, more of than not, crushes the $VIX with regularity during its special...

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Control

Sven Henrich via Northman Trader Let’s keep it simple shall we: 2019 remains a battle for control. The forces of intervention want to “extend the business cycle” as Jerome Powell likes to frame it by any means necessary and, as I outlined yesterday (Beginning of the End), they are throwing the kitchen sink at it....

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The Beginning of the End

Sven Henrich via Northman Trader They sure are trying their best. To do what? To goose markets higher. It’s been quite the spectacle all year, but this Friday sure took the cake. The entire week had been a giant jerk fest of sudden rips and dips as headline chasing algos were ripping through support and...

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Technical SetUp: $SPX

Sven Henrich via Northman Trader Welcome to KISS & Technical Set-Ups. In this section of the site we post examples of Technical SetUps as provided for members in real time on NorthmanTrader.com utilizing our KISS methodology. Active Set-Ups are posted in member areas only. To view previous setups please visit the Technical SetUps section of the website. To...

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The Curious Chart of $DJIA

Sven Henrich via Northman Trader The $DJIA chart is telling an interesting story, technically speaking that is. Frankly not sure what the message is quite yet, but I find it fascinating hence it might be of interest to share. First of all, note a behavioral set of facts I’ve pointed out on twitter: On Monday...

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Decision Time

Sven Henrich via Northman Trader Well that was fun. Big nasty drop and a vicious rally back up. Standard script right? After all we’ve all become accustomed to drops not lasting more than a few hours or days no matter what happens in the world. I received a lot of questions about the rally at...

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Double Top?

Sven Henrich via Northman Trader Before you go all “here he goes again” I’m not calling for a double top, I’m highlighting the risk that markets may have made a double top and that has implications. Let’s explore the evidence, then let’s discuss the risk. Firstly, a set of plain facts: $SPX made a marginal...

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Breakdown

Sven Henrich via Northman Trader I’ll aim to do a proper technical update this weekend, but wanted to share some thoughts on this market breakdown this week. I’ll focus on the big picture here not on the intra-day action. Look, markets are a journey, the bigger picture versus the daily noise. If you are familiar...

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Stalemate

Sven Henrich via Northman Trader Where is it? The great bull market? Where is the imminent great bear market? Fact is markets are in engaged in a big game of stalemate. Bulls keep buying every dip, but all rallies are sold and are selling opportunities. Nobody’s making any progress whatsoever chasing from headline to headline...

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$VIX Getting Jiggy

Sven Henrich via Northman Trader $VIX is building another clean technical pattern. Recall this summer we identified a coming $VIX volatility spike informed by a pattern structure forming. Since that spike to 24/25 in August $VIX has been forming another pattern. Many of may have seen this pattern in my charts as recently as this...

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The Bear Case

Sven Henrich via Northman Trader It’s a dirty job and someone has to do it. May as well be me and I’ll make the bear case here as difficult as it is. And I say difficult, because it is. I think I’ve been very consistent on this point: The dividing line between the bull and...

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Trigger

Sven Henrich via Northman Trader Risk happens fast, especially when markets run on hopium with extended valuations. Whether today’s news headlines suggestive that Democrats may be opening an impeachment inquiry into President Trump will be a trigger with a lasting market impact is too early to tell. After all markets have been quick to ignore...

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Playing with Fire

Sven Henrich via Northman Trader This week’s renewed move above 3,000 on $SPX prompted victory laps by bulls as the multiple expansion program inspired by central bank intervention and trade optimism once again dominated the market action. Whether these victory laps were justified or were rather pre-mature remains to be seen. From my perch bulls...

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This Week on NT

Sven Henrich via Northman Trader This Week Catch up on the latest public articles from NorthmanTrader below. Also see the market discussion on CNBC this week: For the latest public analysis please visit NorthmanTrader. To subscribe to our market products please visit Services. All content is provided as information only and should not be taken as...