Out of Gas On the left is how I’m feeling about this market. Let it end, please! This weekend, it looks like we’re finally going to get that wish. There’s a full Moon on Monday with the apex at noon, EST. Full moons often warn of a turn down once their bullish influence wears off… Read more
Market Forecast Overview
Out of Sync Again! This weekend, the fragmented market sent me mentally back to the music of the 60s … “Set me free why don’t cha babe Get out my life why don’t cha babe ‘Cause you don’t really love me You just keep me hangin’ on” That’s the chorus from “You Keep Me Hanging… Read more
We Wait Last weekend, it appeared possible that we had a top in place. We’d traced out five waves down from a fifth wave top. However, it became obvious fairly soon after that a top was indeed NOT in place. On the other hand, it hasn’t been easy figuring out how we were actually going… Read more
Asleep Before the Storm It continues to amaze me that the herd is still fast asleep. Most of them likely get their information from the mainstream media, or heaven help me, Facebook. Where I live, people are wandering around with masks and doing “social distancing,” both having no scientific support ,whatsoever. In fact, masks can… Read more
Indices on the Verge We’ve had four weeks of sideways action after turning at a major fibonacci level (ES 3233) on June 8 to produce a wave down on a hourly chart that could be counted two ways. After catching this most recent rally up from the 2981 area in ES, we’re starting to get… Read more
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
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
