Category Archives: Forecasts

The DOW Index Cycle Location 02/01/2019

The DOW finished last Friday in a weak position in terms of the intraday structure.  It was not able to close above the previous day’s high, which is also last month’s high.  But it was able to close above the 200-day moving average and as well as the downtrend line that was established from the October selloff.

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The DOW Index Cycle Location 01/25/2019

The financials were the first group to report earnings, then it followed by the semiconductor stocks.  The market responded positively to both groups, except for some losers due to their company specific issues in each group.  The financials and semiconductors were the laggers since early 2018, now they have turned into market leaders.

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More Likely Than Not It Is a V-Shaped Bottom

Last week we sent out a blog about the furious bear market rally and the pending market top that occurred on Friday 01/18/2019.  After the long weekend, the market did give us the correction that was expected.  However, the correction has been very mild.  It seems that the big guys are buying up the DOW.

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A Furious Bear Market Rally

We just witnessed a furious bear market rally in 16 trading days.  The DOW rallied 14% in 16 trading days but it failed to produce a weekly reversal signal in the maximum allowed time length of 3 weeks against the December low.  The weekly reversal signal is needed to enable the market to continue to move up from here.

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New Leadership Sector In The Coming 4-year Cycle

The market staged an impressive 10.71% rally in the last 10 trading days.  It took 65 trading days to decline 20.21% from the September top to the December low.  The S&P 500 December price low was right at the 200-week moving average, meaning the price was at the maximum pain level for the long term bulls. 

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