Category: Financial Marke
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Folks, Market Observations for the Week: The SPX and gold turned down on Thursday as we entered the 11/14-11/17 fractal turn window projected from the 1/27-1/28 correction in the SPX and gold. The SPX correction from October is continuing, with a volatile tape, into the last week of November in our opinion. The unconfirmed new ATH…
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Folks, Market Observations for the Week: The SPX tried to correct on Tuesday but ended up reversing higher for the day – this is bullish behavior. Our Option Premium Ratio has now printed the last three closes: 0.72, 0.81, 0.66 which is a classic, bullish “island reversal pattern”. We are now short-term bullish on the SPX…
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Folks, Market Observations for the Week: A potential Congressional compromise on the government shutdown rallied the SPX and NDX hard on Monday and CNBC analysts appeared to cheer the return of “momentum investing”. However, we are not so sure, as we ponder an array of monthly, weekly and daily SPX cycles that are targeting the last…
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/ / Folks, Market Observations for the Week: The SPX, NDX and GDX continued higher on Monday. Remember, the Tuesday after a monthly option expiration is a turn day in our work, so let’s see what the bears can do today. The uptrend in the SPX and gold is still intact. Ideally, we are looking for…
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Market Observations for the Coming Week: WARNING: we are looking for the August-October period to be highly volatile for several markets. Several important stock market cycles are due to bottom: the Shemittah cycle (7-yr), the 4-yr cycle, and the 50-wk cycle. We should also see extreme volatility in gold, bonds and commodities. Holding a large…