Down — Almost Right Across the Board All the assets for which I do video report on a daily basis are setting up for a turn early in the week. It’s been a long haul and once again, it underlines the difference between trading success and losing consistently: Sitting on your hands. Or, if that’s… Read more
Market Forecast Overview
Monday is a US Market Holiday The US market is closed on Monday for the Martin Luther King holiday. It will reopen Tuesday morning. Countertrend (corrective waves) The current corrective wave is a countertrend wave within a countertrend fourth wave — a most dangerous undertaking to trade it. Let’s take a moment to think about… Read more
The Bulls’ Last Stand My predicted drop to a new low hasn’t panned out quite yet … but it will! This week’s slow-moving rally continues to illustrate the Hopium Effect in action, but is showing that it’s waning. It reminds me of Custer’s Last Stand. The Battle of the Little Bighorn in 1876 was a… Read more
What Really Happened on Friday? If you read reports in the main stream media or read comments by pundits, you’d think on Friday that the economy turned around on a dime and that everything is wonderful. Ummmm, no it’s not. We had a double whammy on Friday: A labor report that identified an increase of… Read more
The January Effect from TradingSim “The month of January in the stock market has strong significance in predicting the trend of the stock market for the rest of the calendar year. This phenomena occurs between the last trading day in December of the previous year and the fifth trading day of the new year in… Read more
It Won’t Be a Quiet Holiday! Volatility will continue through the holidays, as we’re tracing out large ending diagonals as the final pattern to the downside in the major the US indices. You can never be certain that we have an ending diagonal until the fourth wave is in place, so we need to have… Read more
The Up and Downs of Fourth Waves Up and down, back and forth. That’s the nature of fourth waves, particularly in a corrective pattern, which is what the NYSE is in, along with all its sub-indices. And sure enough, this particular fourth wave is proving to be one of the most difficult to predict ever (although… Read more
Interview with Dale Pinkert (F.A.C.E.) Here’s the playback of an interview I did with Dale Pinkert on Thursday, Dec. 6, 2018 at 9:30 am EST. Here’s a page of video playbacks over the past month or so. Here’s the sign-up page. httpv://www.youtube.com/watch?v=n9hCG5TBtGA Make sure you zoom the video to full size with frame expander (arrows) in… Read more
Good — Until It’s Not Hope on steroids, otherwise known as “Hopium” is the “placebo” of the 21st century. You’re going to see it play out as never before with the final wave up in the US indices. Hopium creates “false” euphoria, a sense of hope that’s got little in fact to support it. The herd is on… Read more
The Cat Comes Back? The bounce I’ve been expecting the latter part of this past week hasn’t yet materialized, but it’s sitting in the wings, and we may see a resolution as early as Sunday or Monday. We’ve now completed our first zigzag (a 5-3-5 pattern) down after completing the C wave of a predicted… Read more
