Starting back on December 29, 2014 the on-balance volume index on the S&P 500 topped at a closing price of 2090. Macro cycle signals turned down in July and the market just sits and waits. So what should one key…Continue Reading →
With a lackluster summer rally running out of steam and Macro indicators turning negative this month, the market players are out in force to get a real rally underway. Scenes like this are usually a piece of a big change,…Continue Reading →
Stock market investing tends to be tied to either a buy and hold approach or a timing approach. We operate with a timing paradigm based on a combination of technical algorithms and fundamental economics. If one goes back three years…Continue Reading →
As we look at the array of technical market indicators that we track on a lot of markets, it is kind surreal. Things are triggering behind the scenes but the market seems to see it as part of the Greek…Continue Reading →
Yesterday we talked about the confirmation of a turn down in the long term Macro Waves of the S&P and Dow Jones Indexes. This may take quite some time to unfold as the short-term waves are still holding on to…Continue Reading →
He has accomplished much in the past 6 years, Affordable Care Act being number 1, pulling the economy out of the hole in 2009, number 2. On the other hand he has let his Ivy league Wall Street friends lead…Continue Reading →
The fast money Three Horsemen Index had two days above the upside breakout point pierced at 9:30 AM on Wednesday at 105.38, with a high of 106.24 at 9:30 AM yesterday. Now it has gone slightly under the breakout point…Continue Reading →
One measure that I follow daily, Joe Granville’s 1963 chart formula for On-Balance Volume. It has been flashing warning signals on the S&P Index since late August 2014. Now we have OBV chart with a left shoulder on 8/29/14, a double…Continue Reading →