I didn’t think so. But after yesterday’s selloff in stocks, I thought about George Bush One’s famous gaffe, in his September 7, 1941 Pearl Harbor speech.
I don’t think yesterday was Pearl Harbor with the bears finally sneaking up on the bulls, b…
Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.
Apparently traders are taking the old Wall Street adage to heart. Sell Rosh Hashanah, buy Yom Kippur. So Happy New Year to all you Jewish bears out there, and other celebrants and non-celebrants alike. L’shana tovah.
At least this morning, we get…
From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.
The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.
Happy Labor Day Weekend! First, let’s start with the 4 hour bar look for perspective. This thing just keeps grinding away at resistance, while staying around and above the top of the megaphone pattern that began in July.
Now, the usual one …
Those are the numbers to watch as the ES S&P futures toy with the trendline that forms the upper line of the megaphone pattern that we’ve been shouting about for the past month. Inside that range is noise. Breaking the range should give us a little…
The more that things remain the same, the more they remain the same.
Gold is on the cusp of signaling a possible intermediate cycle low. A daily close above the trendlines at xxxx (subscribers only) would be a good start to confirming that.
The 5 day cycle projection has pulled back to 4548. The ES S&P futures hit 4546 this morning. Close enough for government work. Time for a breather.
The pullback has already come down to one support area around 3528. The big mahoff is at 4520…