Last update noted that the rally might be due a breather, but the price action since has been inconclusive. I get bugged when I can’t reconcile the charts at the 5-minute time frames and below, and that’s the case right now. The 5-minute S…
Monday’s update expected the S&P 500 (SPX) to head toward the 1426 +/- level, and noted that price zone should be watched for a possible turn. SPX reached nearly 1424, and then reversed into a 20 point decline. That decline does appear…
Just a quick update tonight since there’s not much to add to yesterday’s comments. I spent a lot of time charting tonight, but have selected to share just one chart for the sake of illustrating the point. Below is the NYA, which suggests b…
Will bulls get their Santa Rally? Let’s look at the evidence…
Last update noted that some new intermediate buy signals had triggered and expected that the rally still had/has further to run. Friday appeared to be a triangle consolidati…
Yesterday’s update expected further upside, which the market provided, though it spent most of the session moving sideways. Of note, more of my intermediate indicators have shifted to buy signals. The Dow Jones Industrials Bullish Percent …
Last update expected the correction to continue over the near-term (though I published no official target for a bottom), and also noted that the rally to that point appeared impulsive, suggesting that the next-larger-degree trend was still up. Y…
Monday’s update noted that the charts indicated that at least a minor top was probable, and so far Friday’s print high of 1409.15 has held for two sessions. The questions still abound about the intermediate term, however. In this article, …
Humans hate uncertainty. We want guarantees, we want warranties, and we want insurance policies. We want to know the future, and we want promises (preferably in writing) which assure us of that future. And yet, what else is life but …
No material change since yesterday’s outlook, though I have outlined the two most likely short-term paths from here. Odds are good that at least a minor top is nearby, but it appears reasonably likely we’ll see slighly higher prices first. …
I admit the article title is a weak attempt toward being cute by invoking the Thanksgiving holiday — and I realize I’m mixing metaphors with “bulls” “hog” and “turkey.” This is making me hungry (though when I really want to eat bull, I just tur…