Bottom Confirmed
The Up Turn confirmed today on SPX/UTIL chart. This is the first upturn of my favorite 38 day average since the down turn on December 13, 2021 with the S&P at 4669. Today’s up signal at 3902 on SPX. A…Continue Reading →
Archive for July 2022
Back to Normal
Yesterday I talked about one of the indicators that I like to watch for indications of a coming change in direction of the stock market. If you look closely at that chart, you see that yesterday, there was a dramatic…Continue Reading →
The Bottom
One chart that I like as a confirmation indicator is the S&P 500 minus the Dow Jones Utilities. The Dow Jones Utilities are where money managers tend to hide when the S&P is in a downtrend. So, this chart is…Continue Reading →
Artificial Theme..
Continuing on with the theme of artificial markets following the core FED MISTAKE of adding unconsciousable balance sheet monies, which are still in the 8.8 Trillion dollar area, and keeping interest rates low for at least a year too long….Continue Reading →