Author Archives: Erik Calco

This has been a very profitable week. As I’ve been saying, when the market breaks through the supports of the trading range it’s been in since October 22, it could possibly retest its August lows, giving it a lot of … Continue reading →

It is easy to get so narrowly focused that one can miss the big picture.  The big picture creating near-term predictability is simple.  The markets have been in a trading range since October.  Until it breaks out of it, it … Continue reading →

In yesterday’s blog post, I mentioned two points to watch on the Nasdaq 100 futures (/NQ), the blue downtrend line, and the yellow July high.  After it initially bounced off the trend-line, it made a 2nd attempt and pierced it.  … Continue reading →

The Nasdaq 100 futures (/NQ) is approaching a downward trendline.  Given recent lower highs, and the bearish environment today, there is a decent probability that this could reverse to send the Nasdaq down. On this hourly chart, the beginning of … Continue reading →

Not a lot has changed fundamentally since the last sector analysis.  The cyclical flight to safety continues.  It has been hard to discern on the daily charts with the noise created by the interest rate hike via December sector changes. … Continue reading →

ETFs, for the first time in history, created opportunity for retail investors that has, in many ways, leveled the playing field between them and large institutions.  Individual investors, with a simple purchase, like a stock, can hedge their portfolios to … Continue reading →

The news came out yesterday that a Third Avenue fund was liquidating, and putting a halt on redemption, locking up the deposits investors put in the fund, possibly for months.  Being important news, and possibly the only really bad news … Continue reading →

As the market approaches the historic day next week when the FOMC decides whether to raise interest rates for the first time in nearly a decade, the market is heating up with volatility.  To put the VIX (or /VX for … Continue reading →

One of the early signs of a recession is a flight to relative safety by big money. When large fund managers want to continue to be in equities, yet want to be on solid ground in case the market tanks … Continue reading →