What a Difference a Week Makes My “perfect storm” of last weekend had no real effect on the market, although ever since, the US indices have been extremely weak. It’s amazing that with a market that had so much underlying bullishness for the past three months, that now we’re in a situation where it’s struggling… Read more
Market Forecast Overview
What “Second Wave?” Western governments (and the main-stream media) keep promoting a potential second wave in the COVID-19 epidemic. It’s extremely unlikely that will happen. In fact, this virus bug is all but done — the numbers are increasingly pointing in that direction. The truth is that trends happen in five waves IN the stock… Read more
Time to Stop Herding Last weekend, I told you we were at a top. I even gave you the probable date for the turn: in conjunction with the Federal Reserve announcement. And that’s what happened. We topped. Technically, it was on Tuesday. I also wrote: In the meantime, of course, I get the usual emails… Read more
A Challenging Market Overall The wait continues while the bankers play. Central banks were hard at work this week — the Federal Reserve with its ongoing monetizing of debt and on Thursday, the European Central Bank injecting another lump in QE into the system. It will all prove to be too little, too late. And… Read more
Waiting for a Turn This topping process is way-over-the-top frustrating due to the fact that all these asset classes have to turn at the same time. That means they all have to get appropriately lined up. My analysis takes me longer than usual because I have to look at every asset I cover and correlate… Read more
Final New Highs Ahead I’m very busy preparing for the upcoming webinar this week, so my comments will be short. When I talk about new highs, I’m talking about highs for the current corrective rally. We’re struggling in the US indices. A new high will be the point at which you would want to look… Read more
Non-Confirmations Friday was a very strange day from an Elliott Wave perspective. We were supposedly in a second wave correction after a surging first wave up on Thursday that extended into the night in futures (Futures went up another 11 points overnight and then in the wee hours, collapsed into a second wave). When the… Read more
A Week of Fake-Outs! I warned last weekend about the craziness. It continues. This time, I’m referring to the market; never mind what’s happening outside in the unreal world … I’ve put in about 60 hours this week on the market and analysis — the most ever, I think. That’s an indicator of how incredibly… Read more
Down We Go Brace for more crazy. We should get a nice “ramp up” in the craziness as this market drops down again. The icing on the cake will be “through-the-roof” fear, with a side order of social upheaval. It’s difficult to know where to start. The next leg down in the market has begun… Read more
A New Mini-Cycle Emerges More and more, the real truth is starting to come out about this virus and the numbers are supporting my article of a few weeks ago, which Facebook initially flagged as “controversial content,” but when I asked for reconsideration, they relented and let me boost its reach (which they refused to… Read more
