The semi-conductor sector is clearly in bearish territory. The superstar chip stock NVDA dropped 18.8% on Friday due to bad earnings and forecast. The chip sector ETF SMH topped in March 2018, but NVDA was the last man standing in chip sector until October 2018.
Since the beginning of the October we have blogged several times that the stock market has entered the 4-year cycle high to low phase. This stock market 4-year cycle high to low phase corresponds to the current cyclical economic de-acceleration while the central bank continues to raise rates. You need to login to view the […]
In the last five trading days, the DOW was able to produce a relief rally that retraced half of the shock drop from 26951.81 to 24122.23. But the S&P 500 and Nasdaq were unable to retrace 50% and the small cap couldn’t even retrace 38% of the down move. Overall the market is weak and […]
The DOW closed at 25115.75 on October 31, 2018. This close is sandwiched right between bearish and bullish numbers. You need to login to view the rest of the content. Please Login. Not a Member? Join Us
As we have stated before that the market is in a 4-year cycle high to low correction phase, we shouldn’t open new long positions. But we do have a rare high tight flag situation that warrants your consideration. This formation is so rare that had succeeded several times in the past during the market downturns. […]
The damage has been done. It is confirmed that we are in the 4-year cycle high to low selloff phase. A 4-year cycle high to low selloff can last anywhere 3-9 months or 2-3 years. We will get more clarity after the quarterly closing on October 31, 2018.
