Last week I took some time off to relax and consolidate my thinking. The intense bottoming period between May 11 and June 16 was behind us, as the critical, what I call Practical Tech Sectors, called the market turn. Now,…Continue Reading →
Days like yesterday illustrate how well Jerome has done his job as he sees it. It has been reported that he has said the most important thing is what the market thinks the FED will do, not what it actually…Continue Reading →
This past week I believe we have seen a number of things resolved based on activity over the May 11 to June 16 period: In commodity prices we have seen a top on June 9th and a downturn confirmed. We…Continue Reading →
Today’s rally out of the bottom is a good first step. We still are a long way from where the Big Shorts start covering. That will fuel the first big step. In the meantime we are seeing the 30% of…Continue Reading →
A little late to post today. Kind of wanted to see things develop. I am still committed to the belief that the 5/11/22 to 6/16/22 time period is the basing time period. This is taking some time to shakeout as…Continue Reading →
Today is the day that we have been waiting for, the hot CPI number. Most of our positions are in place, added a little to trading portion of portfolio in the leveraged SPXL ETF. The biggest thing that has happened…Continue Reading →
My inbox this past weekend seemed to be overflowing with Crash Warnings, all the big names chiming in. I share those concerns, but don’t think it will happen while artificial forces are in control. It will come later, in coming…Continue Reading →
I am a believer in the concept that the leaders in a New Market phase are defined by which stocks do well during a bottoming process. That is what we have been following since the May 11th lows set the…Continue Reading →
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 →
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 →