Yesterday’s rally exceeded my target zone by 2 points, and has necessitated a slight shift in the wave degrees. The rally was probably a bit too large to be blue wave (4), and has thus indicated that it is most likely the higher degree&…
In contrast to the proxy brouhaha over Vikram Pandit’s paycheck at Citgroup, there was no expectation, until maybe now, that anyone would complain about the…
Recently it seems that virtually everytime there’s a choice between a bearish count and a bullish count, the bullish count wins. This was once again the case yesterday, as the bulls did what they needed to in order to knockout the bear coun…
Okay, so that’s a stretch of a title. I’m trying to echo the famous Barbara Mandell song. The original song was of course titled I Was Ending Diagonal When Ending Diagonal Wasn’t Cool — my change to “we” definitely…
Durable goods orders rose 8.7% In February versus January on a nominal, not seasonally adjusted basis. The mainstream media reported only the 2.2% seasonally massaged…
We’re going to move through this article starting with the short-term and ending with the long-term.
Friday performed exactly as expected, “choppy sideways with a slight upward bias.” The second part of that prognostication projected at least a …
As was typical of this morning’s reporting on the Commerce Department’s advance retail sales release for February, Marketwatch (Dow Jones) reported that the 1.1% gain…
There are a number of conflicting signals and potentials, and trying to assimilate all of them into an overarching market plan is a bit challenging at the moment.
On Friday, just about everything across markets was up: equities, the Dollar,…
Okay, I really have to rush now. I literally had the entire update done, and at the last minute had a “eureka!” moment. Despite the association with the popular vacuum cleaner, Eureka moments don’t suck (rimshot). But now I’…
Yesterday both the preferred count and alternate counts anticipated a rally, which the market provided. It ended up closing dead center in the target zone for the alternate count, which kept it from being eliminated. The pref…
