Macro Dave Macro Dave

The S&P 500 and Overbought Conditions

So I've seen and heard plenty recently about the SPX reaching severely overbought conditions.  Here I'll introduce RSI and then discuss three simple questions... What does that mean?  How important is it?  What do we do about it?...

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Macro Dave Macro Dave

Not Quite Breakouts

Flipping through the charts this morning and noticing (once again) lots of "up and to the right" charts.  When there are lots of similar charts, I like to look for the not-so-similar charts...

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Aviation, Macro Dave Aviation, Macro Dave

Stall Speed and the S&P

As a student pilot, one of the most challenging moments early on was getting comfortable with stalls.  For those of you that are unfamiliar, a stall is when you basically create the conditions where your wings are unable to provide lift...

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Macro Dave Macro Dave

Dow 2017 vs. 1999

The Dow chart just looked familiar this morning.  I had seen this before.  Sure enough, it turns out there are some similarities to another Dow milestone, Dow 10,000 in 1999.  Chart below, 1998-1999 on top and 2016-2017 on bottom...

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Those who can not remember the past are condemned to repeat it.
— George Santayana