S&P 2399–New high, new target

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=488866143 The S&P has broken to new highs.  Contrarians lick their lips and start shorting.  Trend traders add to their positions.  Given the madness of the market and the national…

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Morgan Stanley compares Trump to Schrodinger’s cat…

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 Morgan Stanley has pointed out that no one knows anything about Trump's policies.  And they have emphasized the condition by comparing Trump's policies to Schrodinger's cat.  "His policies exist…

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Blink and you missed it…

(no link--sorry) We have previously warned  that the election of the Trumpster would result in extreme volatility.  This in fact occurred -- in the middle of the night in the…

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Downwave?

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=6&dy=0&id=p70142979615&a=266398464 We sniffed at the triangle when price fell out of it, and till today it looked reasonable to discount price behavior and even regard it as a bear trap.…

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