Today we will refer back to the front page of our website and the topic shown there that was posted at the end of the First Quarter 2015: A LOOK AT MARKET BEHAVIOR PATTERNS The two charts listed there refer…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 →
Two hours after the employment numbers and we see the “Three Horsemen” holding in with a reading of 105.13, up on the day. This doesn’t mean they are going to get it, it just means that they have not given…Continue Reading →
Since May 18th this leading index of ours has spun around between 103.44 and 105.37. At the moment it is sitting at 104.63. Just a reminder, closing under 98.1 would be a big deal. This is fascinating to watch for…Continue Reading →
With the breakdown of the June T-Bond chart a week ago we see a confirmed top in Bonds, a top that was reached as discussed previously in February at 166. While there is a lot of discussion of whether or…Continue Reading →
We calculate Bullish and Bearish Attitudes as the tension between the direction of the market and the posture of the players. A very Bullish attitude occurs when the number of days the market goes higher is high but the market…Continue Reading →
Today we are seeing what happens when the Global battle against deflation couples with the end of the quarter mark up of stock prices for the much publicized Quarterly Mutual Fund numbers. You know what to do.
All eyes are on the Fed today. The market does not look for a surprise, for good reason, the problems in the US and Global real economies were structural and have not reacted to the funny money since September 2012…Continue Reading →
No one should be surprised that the coming Fed meeting combined with a bunch of short term traders could provide a healthy short covering bounce to the markets yesterday. Next week will be a lot more important and it will…Continue Reading →
The current battle of the FED, in my opinion, is to try and stabilize the Oil markets. My contention remains that Oil is the second step in the Deflation scenario, Commodities were the first step. Oil’s major resistance is 88,…Continue Reading →