The market averages made a picture perfect double bottom about 4 weeks apart. The bots bought. The media found a perfect reason du jour for the action, and so off they went. It looks good but…
Gold has reached a major resistance trendline. While 3 year cycle indicators suggest an up phase in that cycle, what happens from here will determine whether this move is part of a new bull market or just a massive bear market reaction rally. Here are the charts, the details, and the keys to look for in…
Cycle screening measures weakened slightly on Thursday. 5 of the 9 measures were stronger but the aggregate measure slipped to a new low for this move, reconfirming the downtrend. Here are the particulars and what to look for next.
There’s no such thing as an official standard. It’s a Wall Street con, and you are the mark.
With this morning’s rally through resistance at 1200 projections for all but the 4 week cycle have been hit and the price has reached a major resistance level. Here’s what to expect for the key time frames.
Cycle screening measures strengthened slightly on Wednesday. 7 of the 9 measures were stronger but all 9 remained on the sell side on balance. Here’s what the uptick means for the outlook.
While the Dow weakened and the SPX was little changed yesterday, there’s now enough data for a 4 week cycle projection. Being early in the cycle, it could drop even further than where it currently points. The 10-12 month cycle projection also dropped and it is now in line with the 6 month cycle projection.…
US bank deposits and loans continue to grow rapidly. The same cannot be said for Europe, where we now have the monthly banking system data for December (Fed reports US data weekly). As you know if you are even minimally familiar with the headlines on Germany’s giant douchebank Deutsche Bank, negative interest rates joined at the hip with QE in Europe have been a disaster. They have promoted loan shrinkage and deposit growth, exactly the opposite of what was intended.
The prerequisites for a 13 week/4 month cycle high have been met. Here’s why that suggests a consolidation ahead.
Cycle screening measures weakened on Tuesday. All 9 measures were weaker. The last 2 measures that had been positive on balance fell to the sell side. But there are 2 setups that could point the other way if certain things happen.