Category Archives: Forecasts

Daily and Weekly Cycle Analysis as of 09032021

The latest job data released on last Friday was soft, not so great, but also not so gloomy which is good for the market because it could push the Fed’s tapering further down the road, at least that is what the market was thinking at the moment.  Yes, the soft data is indicating the economy is slowing down due to a number of reasons

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Six Weeks of Waiting — The Next FMOC Meeting In September

So far in August the major indices are showing incredible strength by making small incremental new highs every other day or so.  The general market is NOT advancing much, but definitely not coming down.  The market breadth continues to narrow down, meaning less and less stocks are participating with the general market.

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Calm Before The Storm

In our last Sunday blog, we mentioned that the NASDAQ would attempt 16000 in the next 4-6 weeks after it bounced sharply from 14200 support.  TSLA reported earnings last Monday and the stock price chose not to respond to more than a tenfold increase on the $104 million the company reported in the same period last year.

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When Will A Rolling Correction End?

The NASDAQ bounced sharply from its prior support level around 14200 last week.  The dip buying crowd successfully plugged the hole.  Now it looks like the NASDAQ will march on to attempt 16000 in the next 4-6 weeks.  Underneath the raging indices, there has been a rolling correction since early 2021. 

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Rotation Out of Value to Growth?

In May, the Consumer Price Index for All Urban Consumers rose 0.6 percent (seasonally adjusted); rising 5.0 percent over the last 12 months (not seasonally adjusted). The index for all items less food and energy increased 0.7 percent in May (SA); up 3.8 percent over the year (NSA). The 5% CPI year over year increase is the sharpest increase since 2008.

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