A person is placed on suicide watch when he or she displays certain self-destructive patterns and behaviors. Likewise, a market is placed on crash watch when it displays certain destructive patterns and behaviors. As I’…
Yesterday, both counts expected more downside, which the market provided. The picture has clarified just a little bit, and, as I see it, there are two main options for the short-term resolution.
What’s interesting about this market is that it’s…
The following is an extended excerpt from my friend Lee Adler’s Wall Street Examiner Professional Edition. Since we all know that liquidity is key to the market, I thought this report might be of interest, especially since his conclusion&nbs…
The very short-term charts are still a mess. Some personalities feel that an analyst should be able to have a strong opinion on the market at all times — unfortunately, out here in the real world, that’s simply not realistic…
Before I get into the charts, indulge me a bit of a rant regarding some of the systemic fundamental problems facing the world.
By now, everyone (with the possible exception of those guys who live under rocks in the Geico commercials) …
There’s not much to add from the past few days. Yesterday played to perfection, and I simply can’t predict the market any better than that. I won’t always hit things that perfectly, so please forgive me when I whiff on one!
Anywa…
My expectation heading into yesterday was for strong downward movement, followed by a possible bounce, which is exactly what happened. All my first-tier targets across stock indices were reached, with the S&P 500 actually break…
There really isn’t much change from yesterday’s predictions, however I do have a slightly “new” way of charting SPX which might be worth noting.
Yesterday, I warned that a larger fourth wave bounce might be in the cards, and it seems likely that we sa…
The market is entering dangerous waters, and there are several indices now at critical support levels. It appears likely that the market is in the early stages of an intermediate trend change.
It’s been challenging lat…
Range bound markets are so much fun! And by that I mean they can be a pain in the butt. One minute, everything looks bearish, the next it looks bullish, and the next it looks neutral. This is why it pays to realize that the majo…