It is much easier to catch a countertrend move than to know when to get out.

Jay Powell may have just pulled a Deacon White move but found sellers instead of buyers while sentiment moves back into actionable territory.

The Fed's asset selling – you ain't seen nothin' yet... literally.

The statistical edge from the extreme sentiment has now faded, but there is still room to go while fundamental data holds.

Another thrust of buying activity suggests more upside, at least in the near-term, but the jobs report on Friday could change that.

We were given two key pieces of information last week that will likely guide us well throughout the rest of 2022.

Last week's selling pushed sentiment to a level that typically sees two weeks of upside, but we can't overlook the big picture.

As Jesse Livermore said, "it has been shown time and again that in Wall Street people very often fail to see the thing that is right under their nose."

Bob Farrell was wrong when he said bull markets are more fun than bear markets, but this is probably a week to be small and nimble, and ready for a short-term move in either direction.

Economic data continues to tick higher, but there is one important data point that is warning a contraction might be here sooner than expected.