Volatility is starting to increase in both directions, which lines up with the outlook I laid out for 2026. The key windows were January, then April and May, and now we are right in the middle of it. I did not know ahead of time that there would be conflict with Iran or stress building […]

Hershey (HSY) is moving higher today, but the advance is coming on relatively light volume. As mentioned in earlier updates, I’m not fully convinced this rally has strong conviction. It may have a bit more upside in the short term, but tomorrow sets up as a higher probability window for a pullback. We were able […]

The markets are currently navigating a complex environment characterized by shifting geopolitical tensions and significant sector rotations.  While recent price action suggests a temporary relief rom selling pressure, the underlying problems still exist. We are seeing a relief rally in stocks, but it is unlikely to last. While the technology sector has found renew...

Markets are clearly split today as money rotates between sectors, leading to mixed performance across the major indexes. Technology stocks are gaining strength again, while energy names are under pressure following news of a two week ceasefire involving Iran. That weakness in energy is largely tied to softer commodity prices, creating a noticeable gap between […]

The April 7, 2025 anniversary proved meaningful, especially with the announcement of a two week ceasefire between the U.S. and Iran yesterday. That two week window lines up almost perfectly with April 21, which marked the key higher low and the beginning of last year’s uptrend. Looking at the weekly QQQ chart… A classic Elliott […]