ABCD Harmonic SPY

ABCD Harmonic SPY

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WTI Recent Rally was merely a short cover rally. Expecting Reversion

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Rising Wedge Worth Watching

Rising Wedges Characteristics are notable for downside maneuvers. Price prints in distribution at steep premium to POC, which gives us insight, price is a phase of discarding inventory. That is visualized with the bi modal distribution built in the distribution area at 1990 and 2050. The level is of significant interest to market with possible portfolio unwinds or hedging at these levels. Price will ping pong the bi modal’s distribution until sentiment will imbalance. The wedge of descent has high probability of reversals. 

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30YR Conventional Mortgage Rate

30YR Conventional Mortgage Rate

Since 1985, price tends rotate a tight bracket before a recession.

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-57% Revision in 1Q16 GDP Atlanta (in a week)

-57% Revision in 1Q16 GDP Atlanta 

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2 HVNs You Should Watch

2 HVNs You Should Watch 

SPX Trend Line of month long rally has violated to the downside. Price action will be capped with 2050HVN-1990HVN. The game of ping is next between HVNs, as a confused market revalues itself. We wait for a major larger imbalance, and perhaps triggers such as 1Q earnings, WTI, CNY devalue, or non-economic factors may come into the lime light. Screen Shot 2016-03-28 at 10.46.02 AM

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Will HY Credit Spreads Continue March Forward?

Will HY Credit Spreads Continue March Forward? 

Slew of Oil and Gas coupon payments next month will certainly add pressure to HY bond market. HYG, CORP, and JNK are excellent feelers when compared to equities of stress. Screen Shot 2016-03-28 at 10.43.54 AM

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WTI 300min TrendLine Failure. Reversion Imminent

WTI 300min TrendLine Failure. Reversion Imminent to POC

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Wave of Energy Companies Coupon Payments due (Friday)

Wave of Energy companies coupon payments are due this Friday, April 15th, and the 30th. 

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HY Credit Spreads will be on watch 

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GDPNOW: Alarming Revision Lower Atlanta FED 1Q

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