The Fed spoke last Wednesday and promptly put down the bulls’ high hopes of pause or pivot. However, there wasn’t any follow thru of the selloff in the next two days. All three indices closed a losing week, but the weekly cycle progress has not been negated, meaning the selloff post the Fed meeting hasn’t […]
Despite the major earnings miss from Google, Microsoft, Amazon and Facebook last week, the DOW picked up the slack from the NASDAQ and is on track to be the best month since 1976! The pundits were worried about the mega tech earnings miss to lead the market to continue the crash, but the worry was […]
The Fed hasn’t spoken about pause or pivot in any kind, yet the market rallied last Friday with heavy volume to put in a text book follow thru day that confirmed the October 13 low could be the seasonal low. As long as the October 13 low is held, the weekly cycle will proceed accordingly. […]
Ever since the Fed realized the mistake of calling 2021 inflation as transitory, they turned the Fed into a weapon of mass destruction in the worldwide financial systems by shocking the markets with the fastest rising interest rates in history in 2022. They are using lagging data such as the CPI report as a guild […]
In our last private email, based on the consecutive two trading days’ broad breadth after the September 30 low, we stated that there were a 70% chance for the market to rally 5 days and a 50% chance to rally 8 days after the September 30 low. Instead of meeting the expectations of past performance, […]
As the Federal Reserve ramping up efforts to tame inflation, rising treasury yields sent the Dollar surging. The Dollar index DXY is currently at a 20-year high. The rate of change in the rising Dollar and the US treasury yields are a lethal combo for the rest of the world. On September 28, we found […]
