Talk About the Dow While everyone talks about the Dow, the S&P is where the signals are generated. Analyze the S&P We look for a tight range ending quickly into maybe mid-September or maybe tomorrow, with the S&P flipping around…Continue Reading →
As the scenario that started in January 2018 continues to unfold, Hope on the part of Trump believers has been the dominant word on the economic front. That hope is dominated by stock market positions fueled by stock buybacks. To…Continue Reading →
Today, twenty months in the making.
Panic is unfolding in Washington as the big picture evolves. Trump is getting close to falling in the toaster. So all eyes are on Powell and I would expect a tight trading range in the S&P of 2815 to 2954…Continue Reading →
Jackson Hole is the Key event for the week Does Powell say anything different that will really matter, probably not, but the expectation will be the game of the week. While we outlined the big framework of S&P pricing of…Continue Reading →
Foolish Talk Dominates We have had a number of days of big swings this week with what seems as a lot of foolish talk, like after inversion we have 18 months before the wheels come off. Historically that may be…Continue Reading →
Yesterday’s rally to 2940 on the S&P was close enough to the 2954 resistance area to say that was all of the bounce from this weeks sell-off that we will see. That was a quick end to the trading bounce….Continue Reading →
With the wide cycle spread top of approximately 340 days in the S&P confirmed, traders now will have the upper hand. In this we will be watching the 340 day average as support (currently 2790), and the 43 day average…Continue Reading →
The Wheels have come off It only took 20 months from the January 26, 2018 Fracture date when the S&P traded at 2876. We were a month early on the actual Inflexion point The date was July 26 rather than…Continue Reading →