Tim Knight | TalkMarkets | Page 116
Managing Partner at Tim Knight Organization
Contributor's Links: Slope of Hope Slope+
Tim Knight has been charting and trading since 1987. His first stock trade was, in fact, on October 19, 1987 – the day of the crash – which perhaps goes a long way explaining his disposition toward ...more

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Turnabout Is Fair Play
Tthe Nasdaq has taken its entire end-of-week mega-rally and unwound it for really no reason in particular except for simmering trade wars.
Old FANG-ful
The four stocks that make up FANG (Facebook, Amazon, Netflix ,and Google) are the most important drivers of global equity markets. Plus a fifth stock... and no, it's not Apple.
The Nasty Bite Of FANG
Another day, another Nasdaq lifetime high. And what’s the driver? It used to be QE, but the central banks around the world have already turned off that spigot. The explanation is easier had by one acronym: FANG.
Real Reversal?
Real estate has been exploding higher for months now. Many real estate markets completely dwarf their peaks during the so-called housing bubble of 2007.
Coiled And Roiled
Today is the “big day” of the week, and probably the month. My main concern is bonds, which I am short for the long-term (January 2019 puts).
Fiscal Fitness
In spite of lifetime highs in most areas, the financials continue to look vulnerable.
Emerging Bombs
The emerging bonds market, which peaked on January 5th, has been following a gorgeous pathway lower.
Lite-er And Lite-er
As goes Bitcoin, so goes all over cryptos – – and LiteCoin looks in huge trouble.
Embracing The Below Average
The market could still be “saved”, of course, as it has before, but I am optimistic we’re at a major pivot point.
Brazil Nuts
Well, it’s nice to see at least one equity market getting blown all to hell. That’s Brazil.
Serving Suggestion
Yeah, I know, it’s January 2018 all over again. Market is up every day. VIX is heading to the single digits. Bulls are ecstatic. Bears are suicidal.
SNAP Gap Back Zap
Snap, Inc. has been rallying mightily the past few weeks. I just wanted to point out the last time it vaulted to close a gap, the follow-up wasn’t so spiffy.
Steady Progress
Since early last week, it has been heartening to see bonds resume their downward trek. Not only has the progress lower been steady, but the “lower highs” are getting weaker each time, not even mustering a tag of their resistance trendline anymore.
Health Care Looks Sick
The health care sector ETF, peaked early this year and has been downtrending ever since.
My Own Private Bubble
Can you imagine a $100,000 tax bill every year for life? Zillow doesn’t see any change in store.
Stock Market Superheroes
If someone is going to argue against short selling, I think a far better and more realistic argument is not that losses are unlimited but that profits are limited. However, the profits on long positions are unlimited.
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