Strategy Time…
As the topping phase of the first stage of the 2022 to 2026 Bull Market continues clicking into place we are looking down the road to how this all will unfold and what strategy will work. Cycle work suggests that…Continue Reading →
Archive for April 2024
Peek-a-boo phase of an Anxious Market…
I doubt that the market moves we are seeing this week are about GDP, interest rates, or inflation. It is totally about the market having a hard time coming to grips with over-valuation AI based metrics. Meta was the canary….Continue Reading →
The Core is Melting Down…
The AI Buildout has been the whole game for the past 18 months and it was good. But, it reached a valuation barrier and now will probably see some back-off. Here is an update for our AI Buildout stocks Index…Continue Reading →
Establishing a Swing Point
We are seeing a nice little bounce in the markets from Friday’s lows. Today’s highs should mark the other side of the swing point calculation which is: (Friday’s low + today’s high)/2. This should help to measure the next leg…Continue Reading →
Waiting for the other shoe to Drop…
Dangerous territory. Market players are working hard to influence the markets through the S&P. SPX 5140 was a measured move point which was hit on March 4. The general market topped on March 8 when SPX hit 5189. Today the…Continue Reading →
AI Buildout is Hitting a Wall.
A follow-up to the post of April 4. Here is the AI Buildout Index chart as of the close. It tried to take out the high of the pivot day. April 4, and failed today. The gold vertical line corresponds…Continue Reading →
Selling Momentum Trigger..
We could be seeing the setup for a 1987 style crash here, short but monumental. The fact that the index of the AI buildout stocks (NVDA, MSFT, GOOG, AMZN, IBM, TM, TT, CAT, BLD) had a higher all time high…Continue Reading →