January 4, 2024 Probably the big question looming over Wall Street’s forecasts for 2024 is; how did most of the mainstream economists and guru’s miss the whole 2023 thread? COMMENTARY… Long time readers of our blog know that I have…Continue Reading →
The model is covering the short hedge ETF’s today, and putting back on the 3X Long Russell ETF TNA. It is difficult for a market to have a back-off when so many players are either short or not long enough….Continue Reading →
Our forecasts for a number of years have used indexes with a starting point of Jan 1 2005, a time before “Funny Money” became the market. In many ways as “Funny Money” influence has waned since the peak in the…Continue Reading →
9:00 AM CST Post This morning in early trade we are seeing the continuation of the Russell gaining on the Nasdaq 100 with the all-important 0.1224 level being breached on the ratio. More importantly is what is shaping up on…Continue Reading →
A contrarian Technical view. Here is the chart of the China ETF MCHI. This week we are seeing a decline towards the lows of the week of October 24, 2023. Yet, the RSI based on weekly data is at today…Continue Reading →
We should see the breakout show itself soon, maybe have to wait until after Christmas, maybe tomorrow. What we are talking about is the breakout of the Russell / Nasdaq 100 ratio and the level of 0.1224 as being the…Continue Reading →
This week we are seeing many stock patterns falling into place, majority on the bullish side, just in different stages as the lift-off level approaches. The most encouraging aspect, the really strong pattern stocks are still not being talked about…Continue Reading →
Other than the parts of the market that have been ignored, are now trading at a higher price. Over the weekend it actually seems like there are more unbelievers spouting their negative thoughts. So we may have a pause or…Continue Reading →
A shout out to President Joe Biden and the low profile Bidenomics approach that has given us this solid economy. He didn’t need to threaten the Fed or cut corporate taxes like Trump did to get the job done. Now…Continue Reading →
I think you can set aside the soft and hard landing talk. We are still in the early stage of this flight may even go to a higher altitude than earlier anticipated. You can also probably ignore the melt up…Continue Reading →