CozmicKnight

CozmicKnight

I've identified a few phases that the S&P seems to go through while in a bubble. Maybe you'll see the same signs. Phase 1 - Topped Out After a run-up on the market, when the bull run comes to its conclusion, we inevitably start to drift lower. Once it becomes obvious that this retracement isn't going back to All Time Highs any sooner, we begin the "Topped Out"...

CozmicKnight

Hi all, I've stumbled upon a pattern that seems to play out when the hottest new major crisis drops. I've color-coded the various sections on this pattern, and I'll attempt to give a breakdown of each. Let's begin. Stealth Phase - Grey In this phase, it seems that the market is performing some sort of rally, and so the VIX lowers a little bit. During this,...

CozmicKnight

Hi all, I spoke with the manager of the S&P 500. They were kind enough to draw some magic boxes on my chart for the next three weeks, and said that the price will most certainly stay within these boxes. Just thought I would share the magic boxes with you all since you enjoy this kind of thing!

CozmicKnight

Hi all, First off, new chart look! Do you like it? No? Hurts your eyes? Well, I like it. But bare with me for a moment. This one is important... The S&P 500 index has fallen below the yellow channel set up in my last post. I'd expected us to rally a little higher, such as seen in 2008. However, a very bad omen occurred. We'd closed below that yellow channel,...

CozmicKnight

Hi all, Over the course of the last several months, there have been mentions of a possible recession on the horizon. Though some believe the opposite, that we're one major rally from regaining all-time-highs, I believe this is far from reality. If we are to discuss the potential of a stock market crash, it would be helpful to dissect the last recession crash that...

CozmicKnight

Hi all! In yesterday's post I discussed the optimism of the market following the FOMC meeting. Praises were sung by the bulls for the low interest rates - the rates incapable of fighting inflation - because that meant the market could rally and continue to move higher. I discussed the day ending on a triple top, and the idea that a reversal could occur the next...

CozmicKnight

Given the somewhat bullish news from the Fed today, a rate hike of only 50 basis points and no larger hikes in the near future, things seem to be looking up. The news gave way to a major rally midday, erasing losses since- well, last Monday. However, it should be noted that the fed slipped in a dirty curveball: in June it will start a multi-trillion dollar...