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Mark Ungewitter

@mark-ungewitter.bsky.social
701 followers 47 following 1.3K posts

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Mark Ungewitter @mark-ungewitter.bsky.social · 19h
Summary execution, of course, for those impersonating other accounts.
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Mark Ungewitter @mark-ungewitter.bsky.social · 19h
Blockworthy behaviors: Ad hominem attacks; Obnoxious swagger; Overall jerkiness (unless it’s funny) Others?
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Mark Ungewitter @mark-ungewitter.bsky.social · 19h
It's not the substance of your argument I object to. It's your false use of of the word "finally" and told-you-so mindset. Since you're here on Bluesky, I presume your no fan of hubris. We can do better. <End>
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Mark Ungewitter @mark-ungewitter.bsky.social · 21h
Geek note: Zweig Breadth Thrust is virtually foreclosed, as it requires average advancing/total issues of ~77% over the next three sessions. Comment: ZBT typically signals new advances, but new advances don't require ZBT.
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Mark Ungewitter @mark-ungewitter.bsky.social · 21h
Only if you also record your failures. Take a tip from an oldster. This is a tough game. Humility pays.
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Mark Ungewitter @mark-ungewitter.bsky.social · 10/10/2026
Nothing unhealthy about SPX price structure. Favoring upside resolution given constructive seasonality and proximity to April’s thrust, while adopting tight stops in recognition of today's price/breadth anomaly.
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Mark Ungewitter @mark-ungewitter.bsky.social · 09/10/2026
Nothing unhealthy about October's breadth momentum.
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Mark Ungewitter @mark-ungewitter.bsky.social · 09/10/2026
Algos scalp, vendors vend. Don’t lose sight of major trend. –Max Addendum 🤪
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Mark Ungewitter @mark-ungewitter.bsky.social · 09/10/2026
Daily thrills cause mainly spills. Prefer by far the weekly bar. –Max Adage
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Mark Ungewitter @mark-ungewitter.bsky.social · 09/10/2026
Algos scalp, vendors vend. Don’t lose sight of major trend. –Max Addendum 🤪
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Mark Ungewitter @mark-ungewitter.bsky.social · 09/10/2026
I recently recanted after favoring bonds since the 2023 bottom. My constructive outlook was based on 1970s behavior, which suggested a stronger counter-trend rally than ultimately occurred. There’s nothing wrong with changing your mind. "Told you so" is the greater sin, IMO. bsky.app/profile/mark...
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Mark Ungewitter @mark-ungewitter.bsky.social · 08/10/2026
NDX jumps back into the creek.
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Reposted by Mark Ungewitter
Mark Ungewitter @mark-ungewitter.bsky.social · 04/08/2026
Rule 1: Don’t fight the tape Rule 2: Don’t forget rule 1
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Mark Ungewitter @mark-ungewitter.bsky.social · 08/10/2026
SOX testing support from August high.
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Mark Ungewitter @mark-ungewitter.bsky.social · 08/10/2026
Put differently in terms of the X-axis, TLT's breakdown from a multi-year consolidation is just a month old. No time to be a hero.
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Mark Ungewitter @mark-ungewitter.bsky.social · 08/10/2026
I’m perhaps the world’s worst Elliott wave practitioner, but I know enough to avoid what appears to be an impulsive wave-3 collapse.
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Mark Ungewitter @mark-ungewitter.bsky.social · 07/10/2026
Jinxed it. 🤪
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Mark Ungewitter @mark-ungewitter.bsky.social · 07/10/2026
2/ This game is never easy. If someone suggests otherwise, run the other way.
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Mark Ungewitter @mark-ungewitter.bsky.social · 07/10/2026
1/ Historically rare price versus breadth is worth noting amid bullish price action, oversold internals, and favorable seasonality. How am I navigating? By adding equities while adopting tight stops in recognition of today’s price/breadth anomaly.
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Mark Ungewitter @mark-ungewitter.bsky.social · 07/10/2026
Source unknown.
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Mark Ungewitter @mark-ungewitter.bsky.social · 07/10/2026
Mid-week humor
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Mark Ungewitter @mark-ungewitter.bsky.social · 06/10/2026
“Avoid both doomsters and pom-pom boys” is the version I learned on the trading floor. 🤪
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Mark Ungewitter @mark-ungewitter.bsky.social · 06/10/2026
SPY gaps to new high. Needless to say, a strong close would be constructive.
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Mark Ungewitter @mark-ungewitter.bsky.social · 06/10/2026
NVDA poised.
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Mark Ungewitter @mark-ungewitter.bsky.social · 05/10/2026
A seasonal advance, if that’s what’s brewing, projects QQQ toward 887 based on 7-column sideways at 3% scale. 🤔
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Mark Ungewitter @mark-ungewitter.bsky.social · 05/10/2026
GSCI Commodity Index, long-term perspective.
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Mark Ungewitter @mark-ungewitter.bsky.social · 05/10/2026
U.S. Dollar Index, long-term perspective.
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Mark Ungewitter @mark-ungewitter.bsky.social · 04/10/2026
Neither a doomsayer nor a cheerleader be. #PermaPragmatic
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Mark Ungewitter @mark-ungewitter.bsky.social · 02/10/2026
SOXX coiled.
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Mark Ungewitter @mark-ungewitter.bsky.social · 02/10/2026
4) Needless to say, any form of breadth thrust would also indicate a durable new advance. Worth noting that a ZBT setup was logged on September 30th.
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Mark Ungewitter @mark-ungewitter.bsky.social · 02/10/2026
3/ What evidence? Record highs in SPX and NDX would be a good start. Breadth recovery would support the case. In recent decades, RASI >900 has confirmed fresh advances, as illustrated below.
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Mark Ungewitter @mark-ungewitter.bsky.social · 02/10/2026
2/ It’s possible that the construct is meaningless, though it’s hard to deny the somewhat ordered rhythm since March 2009. My take? Scenarios 1 and 2 govern my risk-management mindset. Scenario 3 should not be ruled out, but requires further evidence.
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Mark Ungewitter @mark-ungewitter.bsky.social · 02/10/2026
1/ SPX multi-decade trend channel offers three scenarios: 1) Imminent mean reversion; 2) Mean reversion following further overshoot, perhaps in the form of a classic Q4 rally; and 3) Durable new advance altering multi-decade behavior. 🧵
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Mark Ungewitter @mark-ungewitter.bsky.social · 01/10/2026
Canary watch.
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Mark Ungewitter @mark-ungewitter.bsky.social · 01/10/2026
H/t @MebFaber
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Mark Ungewitter @mark-ungewitter.bsky.social · 01/10/2026
NVDA watch.
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Mark Ungewitter @mark-ungewitter.bsky.social · 30/09/2026
Bonds explained in just ten words. Kudos Jim Bianco!
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Mark Ungewitter @mark-ungewitter.bsky.social · 30/09/2026
Constructive $SOX setup into $MU post-market report. Upside resolution could spark a classic Q4 advance.
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Mark Ungewitter @mark-ungewitter.bsky.social · 30/09/2026
Mid-week humor
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Mark Ungewitter @mark-ungewitter.bsky.social · 29/09/2026
UST10Y 5.75% on track?
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Reposted by Mark Ungewitter
Mark Ungewitter @mark-ungewitter.bsky.social · 02/07/2025
"I don't take the market personally and it doesn't take me the same." –Peter L. Brandt
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Mark Ungewitter @mark-ungewitter.bsky.social · 28/09/2026
Gold sold.
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Mark Ungewitter @mark-ungewitter.bsky.social · 28/09/2026
Note to self. Today’s price/breadth configuration doesn’t preclude bull-market continuation, but does suggest exit planning.
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Mark Ungewitter @mark-ungewitter.bsky.social · 26/09/2026
Here’s a neat trick for those wishing to track high yield spreads on StockCharts. Because HYGH hedges HYG’s Treasury risk, plotting it inversely on a price-only basis (using -_HYGH) closely matches BofA’s high yield OAS index.
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Mark Ungewitter @mark-ungewitter.bsky.social · 26/09/2026
Human nature never changes, but are panicked humans currently fleeing stocks or bonds? 🤔
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Mark Ungewitter @mark-ungewitter.bsky.social · 25/09/2026
Signing off early. Great weekend, everyone! www.youtube.com/watch?v=HK-h...
youtube.com
"Walking on Broken Glass" by Annie Lennox - PigPen Cover Series
YouTube video by PigPenTheatreCo
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Mark Ungewitter @mark-ungewitter.bsky.social · 25/09/2026
RASI alert. Great article from Tom McClellan, explaining its origins and function. www.mcoscillator.com/learning_cen...
mcoscillator.com
RASI Shows Depth of Correction - Free Weekly Technical Analysis Chart - McClellan Financial
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Mark Ungewitter @mark-ungewitter.bsky.social · 24/09/2026
3/ Comment: While a single prior case is not a reliable indicator, there’s nothing wrong with kicking the tires. With all eyes on energy and AI, housing may well be an unheralded canary.
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Mark Ungewitter @mark-ungewitter.bsky.social · 24/09/2026
2/ Is there any hope for bond investors? A breakdown in homebuilder stocks is one scenario that would favor lower yields. We’ve seen this movie before. And while not shown here, crude oil prices continued to rise sharply following peak yield, reaching $147 in July 2008.
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Mark Ungewitter @mark-ungewitter.bsky.social · 24/09/2026
1/ HGX may be the most important chart that nobody is talking about. Don’t neglect the housing sector given its outsized role in the market economy.
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