I'm sure I don't need to harp on about how good the OVI is ... but seriously ... it is ridiculously good!!   We've known for some time now that the markets weren't happy.  The S&P OVI has been negative for well over a month and key support levels have now been broken.  Even A... [More]

Well the charts look bearish, the OVI looks bearish and the count of flags looks bearish.  On the other hand the S&P is sitting at a key support level that could bounce back up.  My hunch right now is that a break of support is likely, but for how long I'm unsure.  This is why we ... [More]

The markets are still flirting with the support levels I mentioned yesterday.  The S&P is marginally up having started strongly and I'll make a wager that when you refresh this chart you'll see the OVI is still negative!   Typically if support is going to hold the stock will rebou... [More]

The S&P has been traversing sideways for a month or so now ... which just happens to coincide with the OVI being negative during the same time period.  Coincidence?  Come off it!  SPY  Bear flags are setting up with AAP and BAC, while GS broke down today only to form a D... [More]

Hi Everyone It was great to meet some familiar and some new faces at the Dan Zanger workshop in Los Angeles on Saturday.  Since then I've hopped from West to East, spending a few days in Caribbean before it's back to work in New York next week.  For those who didn't and couldn't make ... [More]