Yesterday was about as good a day as one can have in the “market projection” business. Not only did my prediction for a new low below 1231 come to fruition, but the S&P 500 (SPX) even tagged the upper end of my target zone at 1227. …
The market continues to try to convince us that it’s strong, as it wallows around just below the 200 day moving average and a bevy of resistance lines.
I remain convinced that there is much more downside than upside left in this market over the m…
The market continues to try to convince us that it’s strong, as it wallows around just below the 200 day moving average and a bevy of resistance lines. Deciphering the shortest term counts is quite challenging right now, due…
For a little more than a week, I’ve been calling a top, and talking about the roughly dozen different indicators which were screaming for this top in the 1250-1270 zone. On Thursday, the market finally honored my inc…
Alrighty then. Apparently, the hours I’m keeping have become too much for my body these last few days. Many apologies. Here’s the charts I finished last night before falling asleep at my computer for the 3rd night in a row. …
This week, we’ve looked at about a dozen indicators which seem to be suggesting that the market is forming a top. We’ve looked at divergence indicators, candlesticks, past market history, Elliott patterns, sentiment, and numerous other …
In yesterday’s article, I laid out the case for the market forming a top. This case continues to strengthen the longer the market hangs around at this level. Calling tops or bottoms is essentially the most difficult aspect of technical anal…
There are now so many indicators suggesting the market is forming a top, I’m beginning to lose count. Of course, past performance is no guarantee of future results and all that, but let me lay out the case for a top:
1) Friday was a non-farm pay…
Here’s a thought-provoking and sobering interiew with Kyle Bass. He talks about the consequences of “kicking the can down the road,” and the potential ramifications of sovereign default — and many other things, such as the fact that th…
Yesterday the market did absolutely nothing to clarify whether the short-term bullish (long-term bearish) count or heavily bearish count is in play, but there is a good possibility that a top is forming under the term…
