Just when it looks as though bears might have a shred of hope, potentially bearish setups turn bullish again. Ho hum. It’s only been like this for a dozen years, so why expect anything different.
Right now, this pattern only has clearance to 4697…
Here’s what I’m talking about. And remember, before you get all excited about the 1% chance that this might, maybe, possibly be a top, it’s only an hourly chart for day trading purposes.
I like to be definitive with my predictions, forecasts, outl…
That, ladies and germs, is just the 5 day cycle projection. The measured move target of the base breakout is 4820. But I don’t expect that to happen today.
At least not in the first hour. Maybe the second.
Bwahaha.
Not funny.
No…
It’s not great, but there are benchmarks that would signal that this pattern may be turning bullish. Subscribers, click here to download the report. Short…
As I’m headed down the highway back to Warsaw, okay it’s not really a highway, more like a country road, I stopped to look at the market on my phone. My reaction can be seen in the headline above. Meanwhile I took a screenshot of the chart and I am att…
This report will be posted on Wednesday morning instead of Tuesday this week. I will be on the road all day. I usually travel by…
There’s just too much overhead. The indicators don’t set up well for a breakout here, but the tale will be told when New York opens. The key level looks like 4568-74. If they don’t clear that, bears have the ball.
If they clear it, bulls maintain…
As of Friday, the average gain of open picks and those closed last week was +8.1% with an average holding period of 18 days. This was a strong performance compared to recent weeks, especially so given the rotten market action. The list was on the right side of that.
Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.
The withholding data is the real deal. It continues to show the US economy growing rapidly. Inflation will continue to run very hot, and the Fed will remain under pressure to reduce QE. That showed up this week in Powell’s statement that the Fed will stop saying the bad word, “transitory” because people misunderstand what the Fed means by it. We know otherwise.