The 500 Year Bull Market If often talk about the 500 year bull market. From my extensive research in economic cycles, the more specific measure is 516 years (3 times the 172 market crash cycles). If the “orthodox top” of the market was in 2007 (which also coincides with a 172 market top (and the… Read more
Market Forecast Overview
Full Moons, New Moons, and Eclipses Most of us are aware that the Moon has an influence on the market. I thought it would be interesting to see how the Moon has affected this sideways market since the beginning of the year. To do that, I’ve overlain arrows showing the Moon events since January 29… Read more
Update: Monday, July 16 Above is a chart that was part of a zerohedge article on the Amazon insurrection in Europe. As I’ve written before, you’ll find EW trends throughout society and here’s another example. If I was Jeff and understood how trends unfold, I’d be worried. After 5 waves up, the trend will reverse… Read more
The Center of the Financial Universe: The US Dollar The movement of the past few days prompted me to do a deep dive on the US Dollar—a renewed interest in the “big picture”—where the dollar is going longer term. In this case the technicals tell a much different picture than the prognostications of many of… Read more
Technical Analysis vs. Fundamentals What would the work be like without pundits predicting the market? Answer: A lot saner for anyone trying to follow the market. Only technical analysis will give you an accurate picture of where the market is going. Most fundamental analysis is just hearsay. That’s especially true now with virtually all asset… Read more
The US Dollar: Key to the Market The US Dollar is the reserve currency and just about everything (inside and outside the stock market) is priced based upon its current value. Almost all asset classes have a relationship with the dollar. Gold and oil are priced in US dollars. The currency of virtually every country… Read more
Ending Diagonals Everywhere! For over four weeks, we’ve watched the rally in the SP500 trace out a corrective wave up from the low of 2553.60. We began with what was a textbook contracting triangle. Then two weeks ago, the Nasdaq indices suddenly rallied into an ending diagonal. On Monday of this week, the SP500 (and… Read more
Keeping a “Weather Eye” I’ve mentioned before that my favourite sport is sailing. I’d much prefer to be out on the ocean more than just about anywhere else on Earth. There are lessons I’ve learned about the power of nature and the preparation necessary for venturing out in the world that could be very helpful… Read more
The Uphill Battle Continues in SPX For three weeks, we’ve watched the D wave of the contracting triangle in ES and SPX try to top. We’re very close to turn and Monday might just be the day. Good riddance to this wave! With almost every up and down move in the past three weeks in… Read more
One of the first things President Trump did when in office was to require that for every new regulation brought into law, two more must be rescinded. The message here is that we’re grossly over-regulated. Think about it. When do you hear of a law being rescinded? Almost never. Yet, with every new administration, new… Read more
